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This newspaper page contains 5 articles. Subscribers can read the full text of each article.
Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Dec 02, 1981
Page
4
President Reagan used a White House press conference to reaffirm commitment to cutting federal spending and opposing tax hikes while outlining a revised 10 billion dollar budget trim. He argued 40 days of policy cannot fix 40 years of spending and noted signs of inflation and interest rate stabilization improving.
The article argues Washington should approve defensive F-5Es and license F-5Gs for Taiwan under the Taiwan Relations Act. It notes Taiwan needs modern fighters to replace aging jets and that any sale signals U.S. commitment to friends, while China opposes arms to Taiwan.
University of Michigan researcher Alexander Wagenaar used Maine and Michigan data to show that raising the minimum drinking age to 21 reduced deaths and injuries among 18 to 20 year olds from 1979 to 1981. The study credits higher ages with lowering alcohol related crashes, calling it good judgment.
Analysis argues Reagan's personal magnetism may not guarantee successors gains in Virginia and elsewhere. It notes rising household income, falling unemployment, easing interest rates, and the public’s split mood about hard times while supporting Reaganomics. The piece cites perseverance and a vow to try again if goals aren’t met.
On Sept 25 long term rates hit records and stocks fell to a 16 month low. Volcker faced questions about possible easing and noted the Fed will not back off its tight money policy despite political pressure. Congress debates impeachment talk and limits on rates while lawmakers seek controls and accountability at the Fed.
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