Inflation Might Worsen Next Year Says Fed Member
Federal Reserve Board member Henry Wallich warned inflation could rise above 8 percent next year and urged a tough tax incentive plan to influence price and wage behavior. He noted traditional policy tools aren’t working and cautioned about a possible recession.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Henry C. Wallich
Wallich
Allied Social Science Association
Chicago
Commerce Department
U.S
Nicaraguan Cities Hit by Bombs as Anti-Somoza Strike Spreads
Air force planes bomb Matagalpa while battles rage in Managua Leon and Estell as a general strike against President Somoza gains support. Red Cross reports casualties and power outages. Nicaraguan Development Institute backs the anti-Somoza protest amid widespread business closures.
MENTIONED IN THIS ARTICLE
Matagalpa
Nicaragua
Anastasio Somoza
Managua
Somoza
Red Cross
Miguel Obando Y Bravo
Leon
Estell
National Guard
Nicaraguan Development Institute
Trade Deficit Drives Dollar Down in Tokyo Markets
The July U S trade deficit at 2.99 billion sparked a sharp dollar drop in Tokyo early trading, sliding nearly six yen and closing around 189.7 yen, as importers bought to push the dollar back above 190 before slipping again amid ongoing deficits and inflation. The year’s decline from 238 yen in January to mid 180s continued due to Japanese surpluses and U S deficits, with tourist costs rising in Tokyo.
MENTIONED IN THIS ARTICLE
Tokyo
U.S
Tokyo Foreign Exchange
New York
Europe
France
Japan
Washington
Handley James Wood gridiron rivals seek fresh spark
The Handley James Wood football rivalry may regain edge this Friday as the annual clash hits Page 16. Photos on Page 32 explore Virginia river recreation, while Page 21 notes Clarke County bridges slated for replacement despite restorations elsewhere.
MENTIONED IN THIS ARTICLE
Handley
Handley-James Wood
Hijacked Polish Jet Lands at Tempelhof in Berlin Standoff
A LOT Tu-134 hijacked from Warsaw landed at Tempelhof Air Base West Berlin with 60 passengers. The hijacker, his wife and child sought asylum, six others also requested asylum, passengers were fed under guard, and officials questioned crew.
MENTIONED IN THIS ARTICLE
Gerald R. Roys
West Berlin
East Berlin
Warsaw
Gdansk
Poland
Roys
Cologne
Air Force
Carter
Berlin
Britain
France
Soviet Union
United States
Newton B Shingleton Dies at Home Today
Newton B. Shingleton a Winchester philanthropist and retired dairyman died at his Morgan Street home at age 93. The West Virginia native lived a life of varied labor from farming and mining to streetcar work before settling in Winchester and supporting churches civic groups and schools. He was born December 14, 1884, the third of five children of Elihu P. and Rebecca McDonald Shingleton.
MENTIONED IN THIS ARTICLE
Pat Robinson Wee
Newton B. Shingleton
Winchester
Morgan Street
Winchester Area
Elihu P
Rebecca McDonald Shingleton
Arthur
Mary
Tom
Bess
Romney
Rio
W. Va
Piney Mountain
Hill Farm
Shingleton
Rio-Romney
Washington, D.C
Kellogg
Idaho
Wallace
Georgia
West Virginia
Gore
Eston P
Bessie Shingleton Bean
Moore Capital Company
Vote to Strike in New Orleans
In New Orleans 3,000 teachers of the United Teachers of New Orleans voted to strike as classes opened for 90,000 public pupils. Union president Nat LaCour demanded an 8 percent raise and better hospitalization, estimated to cost about 5 million dollars, arguing salaries are low.
MENTIONED IN THIS ARTICLE
New Orleans
The
United Teachers of
Nat LaCour
Gene Geisert
Jerry Hart
Chase Manhattan Raises Prime Rate to 9 3/4 Percent
Chase Manhattan Bank increased its prime lending rate from 9 percent to 9.75 percent, the highest in over three years, signaling anticipated rises across the banking industry as the Fed tightens rates to support the dollar. The move follows six rate hikes this year, amid higher bank funding costs and monetary policy shifts by the Federal Reserve.
MENTIONED IN THIS ARTICLE
New York
Chase Manhattan Bank
Chase Manhattan
Federal Reserve Board
Fed
U.S
Strikers Refuse to Fight Fire in Anderson Blaze
Fire destroyed at least four buildings near Madison County offices as striking Anderson firefighters refused emergency calls. Eight probationary firefighters and volunteers fought the blaze. no injuries reported. Police and fire personnel seek 12 percent raises amid a 6 percent offer. safety board weighs legal action.
MENTIONED IN THIS ARTICLE
Anderson
Ind
Madison County
Ed Ballinger
Ballinger
City Safety Board
Also Mentioned on This Page
Grand Teton National Park
Wyo
Senate
Congress
Julian M. Carroll
Kentucky
National Governors Conference
Sardinis
Nicaraguan
Shop Bell
Estee Lauder
Estee’ Lauder
Crafts of
Capezio Ballet
Wilkins Shoe Center
Inside Today
Virginia
Clarke County
Area News
Abby
U.S. Base
Calvert Benedict
Tempelhof
Washington State
Spokane
Giesert
Harvard University
James J. Healy
Postal Service
Healy
Indiana
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