Indicators Point to Recession
The AP reports widespread recession fears amid rising oil prices. Blumenthal and Schultze urge no recession this year but warn of inflation and payments stress, calling for a 5 percent oil consumption cut. Domestic indicators show slowing retail sales, shipments, spending, and housing starts, fueling recession doubts if oil issues ease.
MENTIONED IN THIS ARTICLE
New York
Treasury
Michael Blumenthal
Charles Schultze
Carter
Blumenthal
Organization For Economic Cooperation and Development
Paris
Schultze
Organization of Petroleum Exporting Countries
Washington
United States
Rate Hike Limit Plan Advance Delayed in Virginia
The State Corporation Commission pursues a plan to cap rate hikes to the CPI as commissions push ahead with annual reviews this summer. Officials say the May deadline slipped by two or three weeks but commitment remains. The plan would require utilities to file operating data and allow increases only as CPI permits. In other news, Shockey Bros. honored six Quality Control staff with Concrete Technician Certificates from the Portland Cement School.
MENTIONED IN THIS ARTICLE
Richmond
State Corporation Commission
SCC
Commission
Rogers
Bradshaw and
Philpott
Bradshaw
Quality Control Department
Shockey Bros
Gerald Hardy
Ricky Gearhart
Gregory Elliott
David Thompson
Michael Bryand
Robert L. Brown
Quality Control
Portland Cement
Virginia State Highway Department
Richard Thornburg
Henry Meller
Bob Brown
B and M Award Recipients and Ford Board Program
Reginald B Wilson Ed Guard and Robert Luttrell received Chevrolet Legion of Leaders honors for long sales tenures at B and M Chevrolet Cadillac. GW Motors joins Ford Consumer Appeals Board in Virginia and DC Maryland region to mediate service complaints with toll free access. James C Adams named Alphatron President and Chairman. Plum joins Jan's Hair Fashions in Winchester.
MENTIONED IN THIS ARTICLE
B&m
Chevrolet-Cadillac Corp
Chevrolet
Legion of Leaders
Reginald B
Reggie) Wilson
Wilson
B&m Chevrolet
Evelyn Rogers
Winchester
Edward J
Guard
Belva Bowers
Route 1
Stephens City
Robert A
Bob) Luttrell
Luttrell
Royal Crown Cola
Ann Dailey
GW Motors, Inc
Ford Consumer Appeals Board
Ford Motor Company
Joseph A. Schroth
Ford
Virginia
Washington
D.C
Maryland
Arlington
Fairfax
Loudoun
Prince William
Alexandria
Falls Church
Schroth
Ford Parts and Service Division
P.O. Box
Sandston
James C. Adams
Alphtron, Inc
North Andover
Mass
Alphatron
Adams
William T. Brown
Brookstone Company
Peterborough
N.H
University of North Carolina
Columbia University School of Business
Arthur Anderson and Company
Boston
Cheri
Hancock, N.H
John Adams
Plum
Jan
Gussie Plum
Berryville Ave
Miss Plum
Winchester Beauty College
Also Mentioned on This Page
Winchester Evening Star
James R. Schlesinger
Interstate Commerce Commission
Agriculture Department
Brazil
Supreme Court
Jean Eberhart Dubofsky
Colorado
Ms. Dubofsky
Denver
Richard D. Rogers Jr
Junie L. Bradshaw
A.L Philpott
D-Henry
Virginia Electric & Power Co
National Corporation
Pital
Rouss Avenue
Wilbur M. Feltner
F & M National Corporation
Federal Deposit Insurance Corporation
Stote
East Main Street
Berryville
Elec
Curtis
W.D. Orndorff
Morris Machine Shop
GW Motors
U.S
Cedar Grove
Community Auction
Toke
Noein
T Crossroads
Yowell Chiropractic Clinic
Complete Insurance Service
CODE
Ohnson Inc
Amherst Street
Winchester, VA
John W. Rosenberger & Cr
Tne
TSE Commerce Si
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