Expert sees 20 percent drop in home prices
Investment adviser Tom Holt predicts a 15 to 20 percent decline in housing prices over the next two years. He cites shifting sales mix, rising mortgage rates, weak household formation, high prices, and stagnant incomes as drivers, noting 28 percent of existing sales now exceed $90,000 while vacancy remains high.
MENTIONED IN THIS ARTICLE
Tom Holt
Holt
Yehan Tranghire
Westport
Cann
Ultices
Boston
Providence
Pittsburgh
Detroit
Cleveland
Chicago
Florida
New York
Long Island
On job training takes on new meaning in business
New York business leaders push employee training as a primary productivity driver. ASTD cites over 30 billion dollars yearly in private and public spending with American Telephone & Telegraph alone funding 12,000 courses for 30,000 employees across 1,300 sites. GE and Pitney Bowes run programs to advance women and career development through workshops and personalized plans.
MENTIONED IN THIS ARTICLE
New York
American Telephone & Telegraph
Association
Massachusetts Institute of Technology
ASTD
Robert Craig
Craig
Equal Employment Opportunity Commission
Walter Storey
Pitney Bowes
Market extends seven day slide on merger news
New York stocks opened weaker extending a seven day decline as investors awaited the Federal Reserve’s decision on tight money. Du Pont agreed to buy Conoco in a 73 billion deal while a merger of Outlet with Columbia Pictures was announced. Exxon and GM moved lower while AT&T rose slightly.
MENTIONED IN THIS ARTICLE
New York
Weeee
Federal Reserve Board
Fed
Washington
du Pont
Conoco
Seagram
Woknet
Outlet
Columbia Pictures Industries
Exxon
General Motors
American Telephone & Telegraph
Mobil
Tax bill would expand IRAs to 40 million Americans
Washington report notes a tax cut plan would broaden IRAs to workers in pension plans, lifting deduction limits to 2000 dollars and extending eligibility. Critics warn benefits mainly high earners while low income savers struggle.
MENTIONED IN THIS ARTICLE
Washington
UPI
House
Senate
Congress
Senate Finance Committee
Ways and Means Committee
Reagan
Karen Ferguson
Pension Rights Center
Lawrence Smedley
Afl-Cio
Department of Social Security
Also Mentioned on This Page
Dan Dorfman
General Electric
Storey
Luesuay
T&t
Kellogg
Wheeling
Alcoa
Kroger
AMAX
al Ind
Noah Am Airlines
Une Am
Bek MeLouth
Zenith
Pwr
MeNest
Am Motors
Bi - Mgm
Am T&t
Bata Mehl Corp
Pierre R. Sy Armeo
Mfonsan
Ig Acme Cleve
Bell How
Bendix Cp
Boeing
Byay- As
Erson Chrysler Co
Owen I
Cin Gas
Pan Am Air Heh
Excello
Coca Col
Penney
Freebauf
Colgate
Penn PL
Goodrich
Col Gas
TC Indusines
Peps Co
Lear Siegler
da Texaco
A&p
Ya Ual Inc Tech Newspapers
Gutton
Bose
Uniroy
Inc Toco Lid
Ma Jjobn
Cps SG
Mid-Ohio Securities Corp
Broad St
Elyria
Ohio
Investman Agwisor National Assowalion of Securities
Dener
SIPC
Ota
Membe Eiyria
Custom Ear
John B. Simpson
U.A.W
UAW
Bendix & Luxamre
South Sea Islands
Rockies
New England
Scenic
FDIC
Elyria Savings & Trust
Elyriane & Trust
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