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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 28, 1982
Page
1
The peso devaluation after Aug 5 doubles the dollar value against Mexico, boosting U.S. tourism and travel agents in Cedar Rapids and Marion. Local banks report loan defaults rising as Mexican borrowers struggle, with about 300000 dollars in loans at risk.
President Reagan vetoed a 14.2 billion supplemental appropriations bill after White House aides and defense secretary clashed over defense and social program funding. The decision followed a five minute radio address from his ranch as aides said the bill would be budget busting and threaten economic recovery.
Iowa lawmakers heard a plan by Rep. Roger Halvorson to levy a $30 million annual worker tax to bail out the state unemployment fund. He suggested freezing benefits or taxing employees as several states do. The panel rejected doing nothing but offered no consensus on raising employer taxes or cutting benefits.
A light humor item notes that people who think television has destroyed conversation likely ignore their phone bill. The brief quip attributes the joke to a playful take on modern communication. It references media and daily life without naming individuals or organizations.
A swarm of aggressive bees flooded Countryside Apartments in Gloucester Township New Jersey forcing evacuations and sending 27 residents to hospitals. Police used loudspeakers to urge inward shelter as some were stung repeatedly and a beehive reportedly dislodged by a speed bump sparked the attack. Residents recalled a horror film scene with bees filling the sky and chaos as emergency crews coordinated care.
Leroy Williams, an 18 year old former congressional page, confessed in Little Rock that he lied about homosexual relations between congressmen and pages to draw attention to poor supervision of teen pages. He apologized to families implicated and said he will testify before the House Ethics Committee in Washington.
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