08 Feb 1980
Page 1
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 08, 1980
Page
1
Chrysler Corp announces a 1.1 billion dollar loss for 1979. The steep deficit is described as the largest yearly loss in U S corporate history, impacting investors and markets nationwide.
The Carter administration is expected to act within seven days to preserve freight service on the financially troubled Rock Island Lines. The state auditor released a critical report on Iowa State University today, signaling scrutiny of state institutions.
The Hawks beat Michigan State in overtime on Thursday night. A late surge sealed the high scoring win as both teams traded leads in a tense showdown.
A witty traffic quip notes that the driver who spots a traffic light turning green is the next to follow, illustrating a parking lot or city street observation. The remark, attributed to MacGregor, plays on timing and patience in everyday driving.
President Carter proposed registration for men and women aged 19 and 20 with 18-year-olds to be added next year. He stressed non combat roles for women and outlined a form based system managed by the Selective Service, in a plan funded at 20.5 million this year and 24.5 million next year.
Democrats call the measure flawed yet offer only token opposition as the bill passes 58 to 37 and moves to Gov. Robert Ray for signature. Cedar Rapids and Linn County officials warn homeowners may still face higher taxes as auditors project effects and discuss potential inequities after final passage.
President Abolhassan Bani Sadr secured new powers and moved to free 50 Americans held in Iran for 97 days. He denounced militants as a "government within a government" and pledged to harmonize the government under Ayatollah Khomeini while gaining support from the Iranian air force.
Liberty Missouri AP Dwayne Jackson jailed for 30 days to be served as 15 weekends for contempt over 1855 overdue child support payments after his daughter Cindy died two years earlier when struck by a car. The case, tied to divorce from Mary Ann King, is on appeal to the Missouri Court of Appeals.
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