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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Feb 01, 1982
Page
15
Americans increasingly swap homes to cut travel costs, swapping offers free lodging and kitchen use, plus potential car or boat access. Planning is essential to avoid risks as buyers and sellers meet through services like Vacation Exchange Club Inc. Partners gain cultural experiences and new friendships, beyond money saved.
The AP reports a clash between Fed Chair Paul Volcker and President Ronald Reagan on how to fix the U.S. economy. Volcker pushes higher interest rates to curb deficits, while Reagan seeks tax cuts and policy flexibility. Analysts warn of a potential major economic downturn without policy shifts. Senate leaders urge coordination as critics say the Fed risks political pressure amid mixed signals from Regan aides.
An AP NBC News poll of 1,599 adults on January 27-28 finds 52 percent approve Reagan’s plan to shift federal welfare programs to state and local governments while 34 percent disapprove. Most respondents expect higher state taxes and possible benefit reductions for the poor or elderly.
Hollywood star Henry Fonda won the Golden Globe for best actor in a dramatic motion picture for On Golden Pond. Attending via delayed telecast at home, Fonda watched with daughter Jane and wife Shirlee, after recent heart illness and hospital returns. The film also earned best dramatic motion picture and Ernest Thompson’s screenplay.
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