Fed Eases Credit Policy Faces Reagan Pressure
Federal Reserve officials indicate a looser credit stance to spur recovery and aid failing businesses, while maintaining an anti inflation line. Administration fears grow as private economists and officials see policy easing despite claims to the contrary, with rates and inflation in focus amid a global recession.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Administration
Federal Reserve
Reagan
Europe
U.S
Hurricane Alberto Threatens Southwest Florida Coast
Hundreds of tourists and residents flee to higher ground as a rare June hurricane nears Fort Myers with 75 mph winds. Forecasters later note Alberto shows signs of weakening over cooler Gulf waters, possibly dropping to tropical-storm strength before landfall.
MENTIONED IN THIS ARTICLE
Fort Myers
Fla
Florida
Alberto
Gulf of Mexico
Legislature Ends Session with $2 Billion Budget in South Carolina
The South Carolina General Assembly adjourned for final adjournment on June 16 after approving a compromise $2 billion budget for 1982 83 taking effect July 1. The House and Senate split over an income tax cut later vetoed, with two weeks to address vetoes and appointments.
MENTIONED IN THIS ARTICLE
Columbia
General Assembly
House
Senate
Riley
Textile Jobs Concern Officials in South Carolina
State Development Board Chairman Max Heller warns about persistently high unemployment in South Carolina's textile industry and its inability to improve the situation. He notes July vacation weeks may extend into a broader work stoppage as imports from the Far East flood in and modernization efforts remain idle.
MENTIONED IN THIS ARTICLE
Columbia
State Development Board
Max Heller
South Carolina
Heller
Dennis undergoes triple bypass surgery in Houston
State Sen. Rembert Dennis was reportedly in intensive care at St. Luke's Episcopal Hospital Houston after receiving a triple bypass on Thursday. An official said he was "looking fine" and there were no problems, according to nursing supervisor Hazel Haley.
Lawmen Seek Suspect in 12 Gauge Slayings at Anderson Store
Authorities pursue a shooter who used a 12 gauge shotgun to kill two young men in a nearby convenience store. Raymond Mark Howell, 22, of Pendleton and Michael Holcombe, 20, of Anderson died after money was found on them and in the store, per Sheriff E E Duck Cooley.
MENTIONED IN THIS ARTICLE
Anderson
Saab
Aoecoet
Earl
Raymond Mark Howell
Pendleton
Michael Holcombe
Anderson County
E.E. “Duck” Cooley
Israeli Ambassador Wounded In London Shooting
Israeli Ambassador Shlomo Argov was critically injured in a shooting near the Dorchester Hotel in Park Lane. Police detained the assailant and two suspected accomplices as doctors warned his condition remained life threatening.
MENTIONED IN THIS ARTICLE
London
Shlomo Argov
Argov
Dorchester
Park Lane
Lebanon
Ze’ev Schiff
Israel Army Radio
Palestine Liberation Organization
PLO
Jerusalem
Yitzhak Shamir
Scotland Yard
Also Mentioned on This Page
Fed
Jack Daniels
WTGR
Myrtle Beach
Phillip
Daniels
Dennis
Yacov Barsimantov
Paris
Vienna
National Hospital For Nervous Diseases
David Grant
Homer L. McGee
Democrat
Aiken County
Breezy Hill Baptist Church
Dottie Rambo
Hwy
Graniteville
Franklin Hammond
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