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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
May 09, 1981
Page
5
A Biblical proverb warns that gossip fuels strife. It cites Proverbs 26 20 and the idea that without talebearers ill will subsides once words are cut off. The note frames gossip as a destructive social force and urges restraint.
The piece argues Reagan won congressional support for his tax cuts due to public belief in his program rather than the gunshot event, notes upcoming battles on spending measures, and warns that nuclear proliferation cannot be curbed as India Pakistan move toward tests. It cites Cranston’s Senate remarks and lists major powers possessing nuclear arms, urging continued restraint amid growing stockpiles.
William L. Rusher critiques the 1974 Federal Election Campaign Act and the creation of major party funding. He notes Supreme Court rulings allowed independent committees to spend, boosting overall spending and complicating coordination with official campaigns. He argues the system invites opportunistic, uncoordinated finance and questions party leverage over voters.
In a closed door meeting President Reagan’s top monetary strategists blame the Federal Reserve for inflating the money supply to push rates down, causing higher interest rates and threatening the administration’s program. They warn of possible financial panic and seek a public Oval Office confrontation with Volcker.
Congressional testimony outlines the harms and opportunities in converting aging rental buildings. Elderly tenants face displacement and scarce affordable housing while buyers gain access to cheaper living space. Witnesses cite greed, delayed repairs, and rising rents as conversion accelerates, with no easy solutions.
Supreme Court libel decisions have stirred politicians and endangered small town papers like the American Press of Lake Charles. A 1977 editorial critique led to a $150,000 ruling for city attorney McHale, later rising to over $220,000 with interest. As suits mount, total claims exceed $50 million, spurring a class-action countersuit by the publisher on behalf of Louisiana taxpayers.
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