Interest rates defy recession as analysts seek explanation
Economists and officials struggle to explain why high rates persist amid a severe recession. Don Regan and President Reagan voice perplexity while analysts cite credit limits, deficits, inflation fears, and new Fed policy as drivers of costly borrowing and a fragile outlook.
MENTIONED IN THIS ARTICLE
Owen Ullmann
Washington
United States
Treasury
Donald Regan
Reagan
Sion
Allen Sinai
Data Resources Inc
Lexington
Mass
Federal Reserve Board
Central Bank
Paul Volcker
Fed
Bacharach and Sager wed after Oscar win in Beverly Hills
Burt Bacharach and Carole Bayer Sager tied the knot at a Santa Monica home ceremony less than a week after sharing an Oscar for Best Song. Guests included Neil Diamond. Sager publicist Linda Dozoretz noted the private, celebrity-heavy affair.
MENTIONED IN THIS ARTICLE
Beverly Hills
Calif
Burt Bacharach
Carole Bayer Sager
Miss Sager
Linda Dozoretz
Bacharach
Ms. Dozoretz
Peter Allen
Christopher Cross
Arthur
Dudley Moore
Sir John Gielgud
Cross
Santa Monica
Neil
Joyce Bogart
Bogart
Boardwalk Records
Ms. Sager
Neil Diamond
Marsha
IRS reports record tax refunds as second quarter nears
The IRS says 53.5 million returns were filed out of about 96 million expected for 1981. Average refunds hit a record 701.58 dollars, while concerns grow over a possible government shutdown, debt limit tensions, and 87 billion dollars in taxes being avoided this year.
MENTIONED IN THIS ARTICLE
Washington
IRS
Japanese germ warfare experiments on US prisoners revealed
UPI reports in CBS 60 Minutes that Japan conducted wartime germ experiments on captured Americans in Manchuria during the 1930s and World War II. Gen Shiro Ishii led the 731 Corps, allegedly a major germ factory, with motives to study plague cholera and typhoid on prisoners. No trials were held, per the report. A separate AP note says a Navy cargo plane on a Mediterranean flight crashed on Crete with 11 aboard. survival chances uncertain.
MENTIONED IN THIS ARTICLE
New York
UPI
Morley Safer
CBS
60 Minutes
John Powell
China Weekly Review
Manchuria
China
United States
Soviet Union
Safer
Shiro Ishii
Powell
Japanese Broadcasting System
731 Corps
Norfolk, Va
Navy
Mediterranean Sea
Crete
Cmdr
Tom Connor
Atlantic Fleet Naval Air Headquarters
CIA Trader
Polish curfew to be lifted for Easter weekend
A Catholic priest announced on state radio that martial law curfew hours would be suspended for Good Friday through Easter weekend. PAP also reported Poland reached a debt rescheduling agreement with 500 Western banks, outlining a 5 percent payment in 1982 and the remainder over four years, with an accord to be signed Tuesday in Frankfurt.
MENTIONED IN THIS ARTICLE
Warsaw
Poland
UPI
PAP
West
Frankfurt
West Germany
Iran Rejects U S Call For Urgent World Settlement
Tehran Foreign Minister Ali Akbar Velayati rejected Washington’s push for urgent international efforts to halt the Iran Iran Iraq war. He accused the United States of meddling and pursuing influence in the Middle East after earlier attempts to sour relations and now to patch them up.
MENTIONED IN THIS ARTICLE
Beirut
Lebanon
Iran
United States
Tehran
Middle East
Ali Akbar Velayati
State Run
Velayati
U.S. State Department
Dean Fischer
Washington
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Bone
Bacharach, Sager
Alberta Hunter
ASCAP
American Society of Composers, Authors and Publishers
Eubie Blake
Hunter
Blake
Eubie
Dr. Brothers
Hollywood
Dr. Joyce Brothers
Barbara Stenbeck
Colleen Zenk
Betsy Palmer
Edie Adams
Romeo Muller
John Ford
D.W. Griffith
Kenner Toys
Senate Finance Committee
Robert Dole
R-Kan
1St Ave
U.S
HFC Thrift
Ham
HFC
HFC Thrift of
Iowa
2Nd Street
S.E
Cedar Rapids
Council Bluffs
Davenport
Des Moines
Fort Dodge
Marshalltown
Ottumwa
Waterloo
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