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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 16, 1982
Page
4
A biblical aside notes Pharaoh's birthday feast followed by execution. The chief baker is hanged while the butler is spared, as recorded in Genesis chapter 40 verse 22, reflecting a stark contrast between celebration and punishment in ancient times.
Reagan left Versailles with cautious wins on currency markets and limiting export credits to the Soviet bloc. Western Europeans resist curbs on trade with Moscow, while he presses allies to focus on long term security over short term gains. He argues the real threat to peace lies in the Kremlin.
William F. Buckley critiques modern media access while recalling Versailles etiquette and Louis XIV. The piece contrasts Thatcher’s blunt stance with royal spectatorship and argues public broadcasting raises questions about access and accountability in politics. It discusses Nixon Kissinger minuting policy, Galbraith’s quip on fine tuning, and Haig navigating the Falklands crisis at the UN with emphasis on alliances and restraint.
A political essay argues the Federal Reserve operates without constitutional checks, controls on interest rates are opaque, and the economy risks from debt costs. It laments media focus and questions who governs monetary policy, citing 1913 act and Lindbergh Sr. comments, urging awareness of unseen power.
Ray Cromley argues that the disappearance of many small and medium sized firms during recessions and recoveries will slow growth and keep unemployment high. He notes these firms historically led innovation and job creation, while large buyers now hoard credit, suppressing new investment and productivity gains.
Western intelligence profiles Salah Khalaf of the PLO paint him as a disciplined, private yet highly capable strategist who stays in the shadow of his leader Yasir Arafat. Khalaf is described as more effective than Arafat at advancing the Palestinian cause, though less comfortable in the limelight.
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