House panel OKs Social Security rescue plan
A House Ways and Means subcommittee approved a $165 billion Social Security bailout with party line support. The plan trims initial benefits for new retirees about 5 percent over eight years from 2000 and raises the payroll tax by 0.24 percentage points in 2015 to cover long term shortfalls. The measure moves to the full committee ahead of a March 8 House vote.
MENTIONED IN THIS ARTICLE
Washington
House
Ways and Means
Social Security
Treasury
Full Ways and Means
Beryl Anthony
D-Ark
Anthony
Byrne backs Washington after racially split voting
Chicago voters faced a racially charged primary as defeated incumbent Jane Byrne urged Democrats to back Harold Washington, who won the mayoral bid. Washington, hoarse, spoke after the surprise victory while aides noted threats and police discussed security. Bernard Epton, seeking a GOP win, denounced race baiting, and campaign aides stressed addressing city racial relations ahead of the April 12 election.
MENTIONED IN THIS ARTICLE
Chicago
Jane M. Byrne
Harold Washington
South Side
Washington
Byrne
Richard M. Daley
GOP
Bernard Epton
al Raby
Epton
Socialist Workers Party
Today's Chuckle in the Middle Income Outgo Bracket
A light editorial note jokes that the typical person now sits in a middle income bracket while facing rising expenses. The piece references common budgeting strains and consumer mood without naming individuals or specific figures.
Reagan fires two top EPA officials in shake up
President Reagan ousted Inspector General Matthew Novick and Assistant Administrator John Horton at the EPA as part of a broader effort to overhaul middle management and the superfund program. Rita Lavelle was removed earlier, with White House aides saying the changes aim to strengthen management and accountability.
MENTIONED IN THIS ARTICLE
Washington
Reagan
Environmental Protection Agency
House
White House
Matthew Novick
John P. Horton
EPA
Rita Lavelle
James H. Scheuer
D-N.y
Novick
Scheuer
Lavelle
Congress
Anne Burford
Burford
Phoenix
Ariz
Horton
Anne Gorsuch
Saudis press unified oil price cut across Arab producers
Saudi Arabia rallied Arab oil allies behind a price cut and sought to bring other Arab and South American producers into line. Yamani warned Gulf producers would use full weight unless OPEC agreed to a collective reduced price and market sharing. A unified $4 to $7 cut was under consideration to match Britain Norway and Nigeria prices, with potential larger cuts if needed.
MENTIONED IN THIS ARTICLE
Riyadh
Saudi Arabia
Sheik Ahmed Zaki Yamani
Persian Gulf
Organization of Petroleum Exporting Countries
Nigeria
Gulf
Britain
Norway
U.S
Iowa
Toto and Men at Work Sweep Grammys in 25th Show
Toto wins seven Grammys including best record and best album for Toto IV. Always on My Mind tops song of the year. John Williams adds three trophies as Grammys mark the silver anniversary. Men at Work named best new artist for Down Under. Other winners include Willie Nelson, Pat Benatar, Melissa Manchester, Lionel Richie, and Alabama.
MENTIONED IN THIS ARTICLE
Los Angeles
Toto
Rosanna
Willie Nelson
Johnny Christopher
Mark James
Wayne Thompson
John Williams
Men At Work
Australia
Lionel Richie
Pat Benatar
Melissa Manchester
Alabama
Miss Manchester
John Deriver
Leontyne Price
Lena Horne
Eddie Murphy
Also Mentioned on This Page
Aazelle Photo
Py L.W. Ward
Cedar River
Seminole Valley Park
Robins Lake
Ellis Park
Ellis’ Manhattan Pavilion
Chain Lakes Road
Palo
Cedar Rapids
Mel Meyer
Eee
Marion
Money City Briefs
People
Simmons
Education Today Farm TV
Toto, Nelson
Nalgan
Gaye
Manchester
Cocker
Benatar
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