Bailout over bankruptcy saves Chrysler with 1.5 billion loan guarantees
The Carter administration approved 1.5 billion in federal loan guarantees for Chrysler, enabling a first 500 million draw this month. The company posted a 1980 Q1 loss of 448.8 million and projects losses this year before turning a profit in 1981. Miller and Volcker expressed optimism about Chrysler remaining an ongoing auto industry player, contingent on successful small car sales and the K car strategy amid Congressional review.
MENTIONED IN THIS ARTICLE
Washington
Chrysler Corporation
Chrysler
Secretary of Treasury
C. William Miller
Chrysler Loan Review Board
Miller
Paul Volcker
Federal Reserve Board
Loan Review Board
Volcker
Congress
Capitol Hill
U.S. Treasury
Mary Daly Named Mother of the Year in Elyria contest
Martha Daly, fourteen, won the Elyria Merchants Association 1980 Mother of the Year for her essay praising her mother Mrs. Mary Daly of 200 Park Ave. The eighth grader and her nine siblings describe Mary Daly as unselfish, loving, and devoted, with a pattern-like influence on her children's lives. The winner received roses, a watch, and a $59 savings bond.
MENTIONED IN THIS ARTICLE
Martha Daly
Mary
Mrs. Daly
Dave Zapotosky
Martha
Mary Daly
Park Ave
Elyria Merchants’ Association
St. Mary School
U.S. Mint Warns of Penny Shortage Across Nation
Denver Mint superintendent Evelyn Davidson says penny shortages are appearing nationwide as Denver, San Francisco and Philadelphia mints produce about 55 million pennies daily. The Bureau of the Mint limits penny allocations to Fed banks, prompting rationing fears. Federal Reserve spokesman Joe Sims disputes panic and notes copper price swings and melt-down profitability. Robinson notes certain coins like Susan B Anthony dollars and twos are abundant in vaults.
MENTIONED IN THIS ARTICLE
Denver
UPI
Mint
Evelyn Davidson
U.S. Mint
Bureau of the Mint
Federal Reserve Banks
Joe Sims
Federal Reserve Board
Washington
Sims
Robinson
Modern diet teen group aids diabetics in healthier living
A teen group in Accent promotes a modern diet plan to help diabetics manage sweet cravings and improve nutrition. They share meal ideas, discuss portion control, and encourage regular monitoring with family support and local health professionals.
Ump’s Fwat Could Elevate A-T-O To Private Enterprise
Ump’s Fwat a 23 page color booklet from Willoughby based A-T-O Inc promotes young people investing savings to become stockholders. Amp the caveman mass produces a marketable product, creates jobs and profits, pays dividends, and hires more employees. The program, coordinated by Bob Reinke, tested in Willoughby schools and with Roy Bollen and Marilyn Sadler, aims to explain free enterprise through economic education as company leaders like Harry E. Figgie Jr push a broader public understanding of profits and corporate responsibility. The project has expanded since initial print run of 100,000 to 200,000 copies and may add new chapters addressing inflation and economics education nationwide.
MENTIONED IN THIS ARTICLE
Ump
U. S. Chamber of Commerce
Conference Board
Business Roundtable
Fortune 500
A-T-O Inc
Willoughby
Amp
McGuffey
A-T-0
Harry E. Figgie, Jr
Bob Reinke
A-T-O
Reinke
Roy Bollen
Marilyn Sadler
Dix & Eaton
A-T O
Figgie
New York
Lake Erie College
Painesville
College of William and Mary
Williamsburg
UCLA
United States
Case Western Reserve University
Harvard Business School
Cleveland Marshall School of Law
Also Mentioned on This Page
Henry Ford
Sap
Bern
Charite Peeeeree
Ump’s
Fwat
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