Dollar climbs for third straight day on Carter plan
Associated Press reports the dollar continued rising against major currencies amid Carter anti inflation moves. Unemployment concerns rise as Blumenthal warns of recession risk yet sees growth near 3 percent next year. Senate hearing marks Congress first review of the plan.
MENTIONED IN THIS ARTICLE
Carter
Congress
Tokyo
London
Treasury
W. Michael Blumenthal
Blumenthal
Senate Banking Committee
Congressional
Federal Reserve
Carter Administration
Courtenay Slater
Commerce Department
George Perry
Arthur Okun
Churches Plan Big Weekend Activities This Week
Area churches announce major events this weekend across the church page. Details include services, fellowship, and community outreach at local congregations.
Senate Panel Reviews Carter Anti-Inflation Plan
The Senate Banking Committee opened its first review of President Carter’s anti-inflation program with Alfred Kahn testifying. Witnesses include Barry Bosworth and Charles Schultze, plus representatives of labor and business as lawmakers seek details on real wage insurance and wage price guidelines.
MENTIONED IN THIS ARTICLE
Washington
Carter
Congress
Senate Banking Committee
Alfred Kahn
House
Senate
Congressional
Kahn
Barry Bosworth
The
Council On Wage and Price Stability
Charles Schultze
Banking Committee
Afl-Cio
Chamber of Commerce
Business Roundtable
Teamsters
United Auto Workers
Mexican Truck Stop Gas Explosion Kills Fifty Two
Sobbing survivors held a midnight requiem at a church in Colonia Benito Juarez after a natural gas pipeline explosion left a crater 300 feet across. Fifty two people died and 11 were burned as PEMEX trucks and workers raced to restore service to the 21 inch line feeding Mexico City.
MENTIONED IN THIS ARTICLE
Colonia
Benito Juarez
Mexico
Mexico City
Tabasco
Jose Serna Garcia
Bright Job Report Shows Unemployment Dip in October
The Labor Department reports October unemployment fell to 5.8 percent from 6.0, led by gains among adult women with a 5.6 percent rate. About 95.2 million people were employed, with 35.7 million women over 20 holding jobs and 2.1 million seeking work.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
No Pay for Donald Duck In GAO Payroll Test
Government investigators placed Donald Duck and 28 fictitious names on HUD payroll to test computer safeguards. No paychecks were issued, but the exercise exposed weak controls and lax overtime review, with $7 million in 12 months paid in overtime and half Pentagon payments inadequately justified.
MENTIONED IN THIS ARTICLE
Washington
Donald Duck
General Accounting Office
GAO
Donald
Mickey Mouse
Department of Housing and Urban Development
Acccess
William A. Medina
HUD
House
Medina
Department
Pentagon
$11 Billion Fund to Counter Peace Plan
Arab leaders approved an $11 billion fund aimed at countering the Egyptian Israeli peace framework. Sources say the sum exceeds Iraq’s proposed $9 billion plan and remains unclear whether it is annual or a one time investment.
MENTIONED IN THIS ARTICLE
Baghdad
Iraq
Israel
Anwar Sadat
Egypt
United States
Also Mentioned on This Page
Associated Press
New York
Hugh Carey
Carey
Federal Hall
Edward Koch
George Washington
Frederick County
Area News
Reynolds Store
Batra
U.S
PEMEX
Adolfo Arroyo Villasenor
Arroyo
Bright Job Report
Kissinger
Henry Kissinger
a_ House
Nixon
Subcommittee On Compensation and
Bill Wise
Vicki
Gordon Halls
Edmonton
Canada
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