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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Aug 03, 1981
Page
15
Rockwell International Draper Division in Spartanburg announced 230 workers laid off indefinitely due to reduced sales. Before the cut, about 1,000 employees worked at the Draper Division plant that makes parts for looms.
The piece argues Ronald Reagan benefited from unexpected economic luck in the 1981初 year with strong growth and easing inflation. It notes the preexisting solid economy inherited from Carter and the potential for policy-driven gains, urging prudent capitalizing on favorable conditions for lasting growth.
The U S dollar rose sharply in early trading in London amid Polish tensions and optimism over Reagan’s tax cut. It hit a five year high versus the West German mark and a record against the Italian lira. Gold fell below 400 dollars an ounce in London and Zurich with openings around 397.50 and 395.50 respectively.
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