Volcker calls for budget cuts to aid housing industry
In Miami Beach Volcker urged cutting government spending to relieve high mortgage rates, saying monetary expansion would be short term. He warned no quick fix exists and urged action to reduce the deficit as the housing sector faces pain from high rates. The NAR convention drew about 10,000 realtors and brokers.
MENTIONED IN THIS ARTICLE
Miami Beach
Fla
UPI
Federal Reserve Board
Paul Volcker
Volcker
National Association of Realtors
Delabor
NAR
Reserve Board
Congress
Recession Worries Push Wall Street Down in Early Trade
NEW YORK AP The stock exchange declines as recession fears grow. The Dow Jones average drops 6.28 to 849.6 in the first half hour with IBM down 1 at 50, GM off 0.14 at 36, and Exxon down 0.04 at 30 as traders weigh faster-than-expected rate cuts.
MENTIONED IN THIS ARTICLE
NEW York
The
Stock Exchange
New York Stock Exchange
General Motors
Exxon
Consumers pull back on big purchases amid high rates
Ann Arbor reports that shoppers avoid debt and favor saving through early 1982. University of Michigan researchers say high interest rates unemployment and shrinking wages curb housing and vehicle sales growth. The sentiment index stands at 74.8, reflecting cautious spending.
MENTIONED IN THIS ARTICLE
Ann Arbor
Mich
UPI
University of Michigan
Institute For Social Research
Richard T. Curtin
Presser Sees Concessions in Teamsters Truck Talks
Cleveland AP report says top Teamsters official Jackie Presser expects concessions to become common in labor negotiations as the union negotiates a master freight agreement for about 300,000 drivers within 1.8 million-member union. Opening sessions began last week with the bargaining group for trucking companies. current contract expires March 31. Presser cites relief package ideas and notes past 35 percent pay increases after a 12 day strike in 1976.
MENTIONED IN THIS ARTICLE
Cleveland
Teamsters
Jackie Presser
International Brotherhood of Teamsters
Als
Hertz puts owning a car at 44.6 cents per mile in 1981
Hertz Corp reports an 18 percent rise in the cost of owning and operating a car to 44.6 cents per mile based on 1981 purchases driven 10,000 miles yearly. Subcompacts cost 34.3 cents, mid sizes 47.1, intermediates 49, with AAA estimating 24.8 cents per mile.
MENTIONED IN THIS ARTICLE
Ltd
Ou Ind
Ally Power
Allid Cp
Alcoa
IC Indus
Texaco
Ye Ince Ltd
M Am Airlines
Ing
Trans
Cp Am
IBM Cp
UAL Inc Trw
Elec Pwr
T&t
Uniroyl Inc
Am Motors
Dy US Steel
BI Kellogg
Kroger
Upjohn
Armco
Western Union
Bell Howl
Leh Val Indim
Bendix
McLanth Steel Weyrhs
Borger
McWeil
Woolworth
H Mobil Corp
Xerox Co
3Amchrysler Co
Monsanto
Zenith
Penne
CPC Inter. Inc
Curtiss Wr
Cs Penn L
Emerson
Ba Excello
Det Edison
Phila Flee
PepsiCo
Fruehaut
Diath
Phil
Ford Motor
Repab Steel
Te ‘Ohio
Y Reynolds Mt
Parker Hannifin
Elee
Rockwell
Rle
G.D
Gen Foods
Alfa Roper
Gen Motors
Detroit
API
Hertz Corp
Hertz
American Automobile Association
AAA
Wisconsin
Department of Transportation
DOT
Also Mentioned on This Page
Senate Budget Committee
Pete Domenici
Realtors
Amiuck
Domenici
R-N.m
House
Jim Wright
John Wood
Reagan Administration
Reagan
Traman
Gaurcil
Teanamye
As Berael
Keparoment 1
Leck Walrsa
Archbishop Glemp
Karan Catholic Church
Huts
Adrtonater
Detdertocencan
Heneeuyt
Seisnarage
Seshaw Ceady
the Chronicle-Telegram
Guerin
Carreety
Russia
Leand Brezhnev
Pany
Tom
Lenin Stalin
Charles Rélven
Hubert Humphrey
Lyndon Kohavany
NirKinia
Will Durant
Ariel Ded Wall
Anel Durant
Caudewire Camertians
Georgi Sichapoulos
Winger
Milwaukie Brewers
Young
St Haveman
Puper
Larry Helmes
Gretm
WBC
Champuittshis Aganer Seunnthe
ONC Renaliie Sipe
Jerry Coanew
Opjusys
Sasraoul
Odsatiom
Vey
Research Institute
Presser
Ohio
Akron Beacon Journal
United Auto Workers
Mid-Ohio Securities Tt
Her
SMC
Lorain
CLEVE
Elyria
Sapheer
Bt Ft
Ebria
Warneg “Ai
Lequid
Custom Ear
John B. Simpson
USA
Utd
Dendix & Luxaire
Elyria, O
Madicold
Alan Wilbur
Wilbur
Feniusll
Stewart's
Cleveland St
Phrece Thanksgivin
Turkey
Superior Electric
Broad ST
Carrier
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