Carter Reserve Board Picks May Not Move Policy
The Federal Reserve Board will soon include Carter appointees, but policy on high interest rates is expected to stay unchanged. With vacancies filled, speculation centers on candidates like Luther Hodge Jr. or Lyle Gramley, while Miller favors a non economist.
MENTIONED IN THIS ARTICLE
Washington
Money Managing Federal Reserve Board
Carter
G. William Miller
Burns
Miller
Fed
Nancy Teeters
North Carolina
Luther H. Hodge Jr
Lyle C. Gramley
Council of Economic Advisers
Jackson
Blue Cross Leader Fights Health Plan Change
Blue Cross president Alden E. Flory warned that proposed changes to Blue Cross and Blue Shield of Virginia services would be dangerous inflationary. He and others argued the state bureau of insurance ideas could raise premiums and undermine cost containment efforts already by the insurer.
MENTIONED IN THIS ARTICLE
Richmond
Blue Cross
Blue Shield of Virginia
State Corporation Commission
Bureau of Insurance
Alden E. Flory
Insurance Bureau
Thomas C. Boushall
Blue Cross of
Virginia
Henry Miller
Blue Shield of
Commission
Miller
Blue Shield
American Airlines to move headquarters to Dallas Fort Worth
American Airlines will relocate its corporate headquarters from midtown Manhattan to Dallas Fort Worth International Airport, a move the carrier says will save over 200 million dollars over 40 years and boost productivity. The shift costs New York 1,300 jobs though about 9,000 employees will stay in New York. Mayor Koch denounces the decision as a betrayal. Civil Service Employees Association condemns the move and plans a boycott.
MENTIONED IN THIS ARTICLE
New York
Big Apple
Airlines
Pan American World Airways
Miami
National Airlines
American Airlines
Texas
Midtown Manhattan
Dallas-Fort Worth International Airport
Edward Koch
American
Dallas- Forth Worth
Chicago
Airline
David Lobb
Inflation Rate Slows to 7 1 Percent in Third Quarter
Washington AP reported the inflation rate slowed to 7.1 percent in the July September quarter while the economy grew moderately at a 3.4 percent annual pace. Government actions since Nov 1 aim to curb inflation, with mixed forecasts for next year. Arthur Okun warned a recession is likely as credit tightens to fight inflation.
MENTIONED IN THIS ARTICLE
Washington
Brookings Institution
Arthur Okun
Also Mentioned on This Page
General Electric Research and Development Center
Schenectady
N.Y
Carter Reserve Board
Reserve Board
Senate
Congress
Philip C. Jackson
Stephen S. Gardner
Arthur Burns
Flory
Edward Jennings
Casey
Dallas- Fort Worth Metroplex
Corrigan
RUG Cleaners
Montgomery Ward
Orion
Mens Turtleneck
C.B
Ward Plaza
Winchester
Orig
Montgomery
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