Regional shift to continue says House hearing
John Naisbitt, author of Megatrends, warned that the U S economy will shift toward Sun Belt growth while Midwest cities like Cleveland Buffalo and Erie face ongoing decline This trend toward a knowledge economy centers on quality of life and education rather than infrastructure The hearing chaired by Rep Chalmers Wylie examined U S industrial policy and job relocation dynamics
MENTIONED IN THIS ARTICLE
Washington
U. S
Washington Trends
John Naisbitt
Cleveland
Buffalo
Erie
Joint Economic Committee
House
Senate
John Fisher
Ballcoue Corp. of
Columbus
Naisbitt
Irving Leveson
Hudson Institute
Chalmers P. Wylie
Rohio
U. S&s
Wylie
Republican House
Opening stocks rise as market resumes gains in New York
NYSE opens higher after a strong prior session led by hopes of growth. Dow climbs 1.51 to 1229.37 in early trade as volumes top 100 million for the 50th time since last year’s rally. Airline shares advance while GM slips on mixed results.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
NYSE
HewlPk
Hilton
Honda
Armco
Aurich
Kmart
He Ll&e
BokAm
Mts
BkAm
wBo+ & Lockbird
Lhanda
Bengt
MAPCO1
Boeing
Iy McDalst
Clakl
Vitalia
Penate YrAnsme Nee Ae van As Aan
Morgan
NorTe
ST Bole
PepsiCo
Pfizer
Reynin
DowCh
Rowan
Drest
Exxon
Harris
Helmp
Woolworth
F.W
Columbus
Obio
Fed signals accommodation to spur economic growth gains Wall Street
The stock market surged on news the Fed intends to support expansion with restrained tightening. Personal income rose 0.5 percent in June as employment climbed, while spending rose faster, shrinking the savings rate to a postwar low near 3.3 percent of disposable income for June. The Dow gained 30.74 points to 1227.86 as volume jumped to 109.31 million shares. AT&T reported quarterly profit up 10.5 percent to 1.93 billion with revenue at 17.5 billion. the dollar weakened and gold rose to 429.30 an ounce.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Paul Volcker
Wall Street
Commerce Department
U.S
New York Stock Exchange
Commerce
Malcolm Baldrige
Robert Ortner
American Telephone & Telegraph Co
New York
Commodity Exchange
GM plant boycott spurs local restaurant owners on Buy American pledge
Suburban Cincinnati General Motors workers urged a boycott of Anna's Family Restaurant near the plant for a month to pressure patrons to buy American. Owners Apna and Angelo Fillis, Greek immigrants, defended their freedom of choice while saying they would buy American cars and keep their Volvo. Hand-lettered boycott signs appeared at the plant after the June 6 restaurant opening, though the UAW local 674 did not order or sanction the action.
MENTIONED IN THIS ARTICLE
Norwood
Cincinnati
General Motors
Anna
Apna
Angelo Fillis
Chevrolet
Mrs. Fillis
Fillis
Robert Haddix
Lorain National Bank posts 1983 H1 net income record
Lorain National Bank reported a record net income of 1.17 million pounds for the first half of 1983. Earnings nearly doubled from 572,000 pounds in H1 1982 as CEO Stanley G. Pijor cited favorable investment returns and expense controls plus lower interest costs as the main drivers.
MENTIONED IN THIS ARTICLE
Lorain National Record
Lorain
Lorain National Bank
Stanley G. Piyor
Pijor
First Bancorporation reports 1983 midyear earnings rise
First Bancorporation of Akron Ohio announces record earnings of 10.2 million for the first half of 1983, up 30.5 percent from the same period in 1982. Earnings per share rise to 3.39 from 2.60. Assets total 1.44 billion, up 16 percent. Merger with Elyria Savings & Trust National Bank expected to close in Q4 this year.
MENTIONED IN THIS ARTICLE
Akron — First Bancorporation of Ohio
Elyria Savings & Trust National Bank
Bancorporation
Elyria Savings & Trust
Also Mentioned on This Page
Midwest
Labor Department
AMR
Pan American World Airways
Delta Air Lines
American Telephone & Telegraph
American Stock Exchange
Pierre R. Smith Co
Acme Cleve
AMF. Inc
Allied Corporation
American Standard
Chromailoy
Cleveland Lec
CPC Inter Inc
Emergon County Grain Bureau
Loran County Farm Tire Association, Inc
Mutuals
Amer-Wash
Fidelity Puritan
Inverariet
Dan HnekVarty
Iss
Vanguard-Ivest
Vangré-Wellgin
Federal Reserve
House Banking Committee
Fed
Volcker
First Bancorporation
ETI Floria Association
First Federal
Lakewood
First Federal Savings and Loan Association of
America
N. Ridgeville
Center Ridge Road
Ridtgewew
Amherst
Conner Finster
Nad
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