Summit leaders vow to keep anti inflation drive amid job fears
Venice reports seven leading democracies will uphold tough anti inflation measures despite rising unemployment and social strain. Draft communique calls for restrained government spending, higher taxes, and monetary tightening to curb oil driven inflation and foster private investment while shifting resources from declining to growing industries. An oil crisis spotlight may spur new energy and oil import limits and future talks with oil producers and developing nations.
MENTIONED IN THIS ARTICLE
Venice
Italy
UPI
United States
Britain
How to borrow on pension rights
The piece explains loans against vested pension or profit sharing plans. Participants can borrow up to their vested amount for emergencies or major purchases, with interest rates about a point above the prime. IRS approval and plan rules limit use, maturity to 10 years, and tax treatment. Bert Kaempfert dies at Majorca home after a stroke. his career included Strangers in the Night and Wonderland by Night.
MENTIONED IN THIS ARTICLE
New York
UPI
Steven H. Adler
Adler
Internal Revenue Service
Pension Plan
Pension Plan Commissioners
Bert Kaempfert
Majorca
Kaempfert
Hamburg
Frank Sinatra
Cylinders aid production at Honeywell Arlington Heights plant
Transparent cylinders form part of a hexagonal sub assembly station at Honeywell Commercial Construction Division in Arlington Heights. The unit, designed by company engineers for speed and ease of production, shows Sophie Nazar assembling diaphragm products used in heating, ventilating and air conditioning systems for commercial buildings.
MENTIONED IN THIS ARTICLE
Honeywell Commercial Construction Division
Arlington Heights
Sophie Nazar
UPI
Willoughby eyes rebuilding gas plant after blast
Willoughby officials vow tight oversight of Propane Industrial Service Inc rebuild plans after Thursday blast at a truck dock ignited 2,000 pressurized propane tanks. Three hospitalized, 400 evacuated from homes and workplaces as flames spread across the facility.
MENTIONED IN THIS ARTICLE
Willoughby
UPI
Eric Knudson
Propane Industrial Service Inc
Department store success still based on personal relations
John D. Rich, president of Fry Consultants, warns urban department stores face a dim future in America due to market pressures in the 1980s. He cites erosion from discounters, poor service, slow profit turn, and overextended chains as factors, urging stores to stay local, expand lines, and innovate to survive the Distribution Decade.
MENTIONED IN THIS ARTICLE
New York
UPI
America
John D. Rich
Atlanta
Rich
Fry Consultants, Inc
Grandma
Carter-Hawley-Hale
Dayton Hudson
TRE
Economic lending rates ease after spring peak
The prime lending rate kept slipping from its early spring high of 20 percent. Morgan Guaranty Trust in New York lowered its nominal blue chip loan rate from 12 to 11 percent, while Southwest Bank of St. Louis reduced its rate to St. Louis area borrowers.
MENTIONED IN THIS ARTICLE
New York
Recording Industry Association of America
RIAA
Morgan Guaranty Trust
Southwest Bank of St. Louis
Pease to Host By-Appointment Listening Session in Medina
U S Representative Don J. Pease plans a listening session in Medina on July 3 from 1 30 to 3 30 p m. The event will be held in his Medina Congressional office in the county administration building 144 N Broadway appointments may be made by calling the Medina office on Tuesdays or the Lorain County office during normal hours
MENTIONED IN THIS ARTICLE
Medina
U.S
Don J. Pease
Oberlin
N. Broadway
Lorain County
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