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World at a Glance: Inflation, Banks, Opera and Coal Codes
Leslie Eichel notes public buying defying inflation as shoppers flood department stores while heavy industry lags. Wall Street foresees government stock purchases and possible bank nationalization to direct loans to industry. An expanding opera market challenges doom scenes from a year ago. Utilities fear power project competition and a coal code threatens southern coal competitiveness.
MENTIONED IN THIS ARTICLE
Leslie Eichel
New York
Wall Street