Dollar resumes rally against major currencies
The dollar extended its advance on foreign exchange markets reaching new highs against Britain France Canada Italy and Spain. Gold fell to a 52 year low between 284 and 283 an ounce. A national group of business economists forecast 1985 growth with rising deficits likely causing a recession next year. The dollar also hit 13 year high against the West German mark and 10 year high against the Swiss franc. Morgan Guaranty cited strong U.S. growth vs weak overseas performance.
MENTIONED IN THIS ARTICLE
Britain
France
Canada
Italy
Spain
U.S
Dollar value surge shown in 1980 to 1985 comparison
A graphic from AP Laser depicts the dollar’s strength, contrasting foreign currencies in 1980 with their value against the dollar in February 1985, illustrating a booming dollar trend.
Governors Ready To Defy President On Budget Standoff
Governors across the United States threaten to back a budget freeze that includes defense and Social Security while supporting a balanced budget amendment. A National Governors Association session pushes the dual agenda as tensions with the White House rise.
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Washington
White House
Reagan
National Governors Association
Top Grammy contenders face cautious voting at 1985 ceremony
Cyndi Lauper Prince Tina Turner lead with multiple nominations while the academy clings to its long standing tradition of cautious voting. The Shrine Auditorium ceremony airs on CBS at 8 p.m. EST hosted by John Denver.
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Los Angeles
Cyndi Lauper
Prince
Tina Turner
National Academy of Recording Arts and Sciences
Cbs-Tv
Rolling Stones
Bob Dylan
Bruce Springsteen
the Beach Boys
Elvis Presley
Henry Mancini
Beatles
Academy
Sgt. Pepper
John Lennon
Paul McCartney
George Harrison
Ringo Starr
Inflation Modest as Prices Edge Up 0.2 Percent
Consumer prices in January rose 0.2 percent with overall inflation for 1984 at 4 percent. Gasoline dropped 1.4 percent while food costs gained 0.2 percent. Housing rose 0.1 percent and energy fell 0.3 percent, with transportation up 0.3 percent as new car prices increased 0.3 percent and used cars 1.8 percent.
MENTIONED IN THIS ARTICLE
Washington
Florida
Labor Department
Hunger Epidemic Warns Nation to Expand Aid Programs
A Physician Task Force report led by J Larry Brown of Harvard School of Public Health declares hunger in America an epidemic with up to 20 million hungry citizens. It links hunger to recession effects and Reagan era cuts, urging Congress to raise welfare and food stamp benefits, restore school meals, expand WIC, and increase elderly meals.
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Boston
Physician Task Force
America
J. Larry Brown
Harvard School of Public Health
Congress
Aiken Standard Ads And Office Hours
Subscriptions and classified ads available by calling 648 2311 while display ads and news ideas use the same number. Offices at 124 Rutland Drive open 8 30 a m to 5 30 p m Monday to Friday.
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Aiken Standard
Rutland Drive
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