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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 06, 1978
Page
6
A compact reflection contrasts Exodus guidance to move forward with Henry Kaiser’s warning that stagnation weaponizes risk. The quotes frame leadership, resilience, and industrial-era progress amid societal change, urging action over paralysis.
The piece contrasts Jimmy Carter's promises with 1978 economic trends as inflation hits 10.8 percent in April and federal spending climbs 13 percent, with the deficit reaching 65 billion dollars. It notes political disillusion, calls for reform in Congress, and mentions Leahy's Social Security bill and other political squabbles. It highlights Reagan's stance on China and Carter's solar energy push.
A New York column examines a Boulder Colorado case where a 24 year old sues his parents for deprivation of affection claiming damages of 250000. It questions causation and compares historical figures like Talleyrand to illustrate how parental influence interacts with outcomes.
DoD documents released by the Navy reveal modest disallowed expenses at Grumman and LTV, with audits covering 1974 and 1975. Grumman faced about 68,210 dollars in questioned costs. LTV about 342,432 dollars.
Donald F. Graff notes the U S economy faces inflation and weak industrial weeks while foreign investors seek safety and profits. Commerce Department shows foreign asset investments at 14.8 billion in Q1 and 1977 total 35.4 billion, with money flowing into Treasuries, stocks, and bonds supporting the market and boosting foreign banking interest.
A Dutch group bids 50 million for three New York hotels as foreign buyers increasingly acquire U.S. farmland and real estate. Estimates cite up to 20 percent of farmland changing hands to nonresidents, with trust and offshore deals masking true ownership. Some states restrict foreign land ownership, but laws may be challenged. Overall, the trend risks pricing homebuyers out while potentially strengthening long term economic ties.
President Carter says areas hit hardest by the coal strike have already sacrificed and that beyond the initial period and during weeks to restore coal flow, even greater hardship will follow as federal intervention begins.
U S analysts accuse five Latin American governments Argentina Chile El Salvador Guatemala and Uruguay of backing terror squads to stage bombings and kidnappings blamed on leftists to justify repressive rule and continued aid. The report notes similar tactics in Africa and Asia and cites ongoing human rights scrutiny by Congress amid aid decisions. It also highlights a second topic on runaway children, detailing widespread neglect insufficient laws and reform failures across the United States.
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