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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
Nov 09, 1978
Page
5
Banks raise prime rate to 10 percent while General Motors cuts its year end dividend to 2.50 a share. A Midwest business founder plans retrenchment and factory consolidation with layoffs. Analysts caution on recession risks amid rising borrowing costs and cautious corporate strategies.
Captain David J. Schmidt receives the Air Force Commendation Medal at Bentwaters England for meritorious service with a unit of U S Air Forces in Europe. He is an information officer and Cheyenne East High School 1965 graduate who earned a Capital University B A in 1969. Kelvin S Christian, son of Mr and Mrs Richard Christian Stephens City, graduates from radiology training at Sheppard AFB Texas and will return to the West Virginia ANG unit at Martinsburg.
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