Fed tightens money and credit growth targets for 1981
Federal Reserve Chairman Paul Volcker told the Senate Banking Committee that the Fed will tighten its growth targets for MIA and MIB in 1981 and warned that inflation could squeeze the economy further if not checked. He endorsed the Reagan program and urged substantial spending cuts to support tight money policy.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board Today
Paul Volcker
Senate Banking Committee
Reagan
Volcker
Federal Reserve
Congress
Greece earthquake kills twelve near Athens and halts life
A 6.6 magnitude quake centered in the Gulf of Corinth toppled four hotels near Corinthe and caused scattered deaths and injuries across towns from Vrahati to Megara. Police report 12 dead and 55 hurt as Athens shuts offices and residents shelter outside or flee.
MENTIONED IN THIS ARTICLE
Athens
Greece
UPI
Athens Seismological Institute
Corinth
Vrahati
Corinth Gulf Coast
Megara
Halkis
Gulf of Corinth
Harris on hunger strike after murder verdict in Scarsdale
Convicted murderer Jean Harris 57 refuses meals while on a 24 hour death by own action watch at Westchester County Jail. She was found guilty of second degree murder in the shot death of Herman Tarnower, her lover of 14 years, and faces 15 to life to 25 to life with no parole. Jurors who found her guilty recalled re-enacting the crime and said their verdict evolved to unanimous agreement.
MENTIONED IN THIS ARTICLE
White Plains, N.J
Jean Harris
Herman Tarnower
Valhalla
N.Y
Harris
Scarsdale
Westchester County
Albert Gray
Nower
Marie Jackson
Joel Aurnou
New York State
Jackson
Tehran
Europe
Cynthia Dwyer
John Coleman
Audrey
Jean Waddell
Terry Waite
London
Heathrow
Waite
Andrew Pyke
L A lawyer plans to sue Iran over hostages
Los Angeles attorney James Davis, who sued OPEC for price fixing, intends to sue Iran for taking Americans hostage despite Carter’s immunity pact. He argues governments must pay for outlaw acts and says the case will proceed with unnamed ex-hostages and damages sought. Davis will file the suit today.
MENTIONED IN THIS ARTICLE
L.A
Iran Los Angeles
Los Angeles
Organization of Petroleum Exporting Countries
Iran
Carter
James Davis
Davis
Pope appeals for world peace on Hiroshima Nagasaki visit
Pope John Paul II prayed at Hiroshima and Nagasaki urging abolition of nuclear weapons to prevent repeat of World War II devastation. He called to remember Hiroshima and commit to peace as part of his Far East tour, marking a pivotal moment in his mission.
MENTIONED IN THIS ARTICLE
Nagasaki
Japan
UPI
John Paul II
Hiroshima
John Paul
Far East
Pakistan
Philippines
Guam
Peace Memorial Park
Ex-Michigan Rep Diggs Starts Halfway House After Release
Former Michigan congressman 13 terms, John Diggs, 58, released from Maxwell AFB camp after seven months of a three year payroll fraud sentence. He will join 20 inmates at a Mount Pleasant halfway house with four weekly urine tests and chores. Diggs resigned after a 1978 kickback case and censure.
MENTIONED IN THIS ARTICLE
Washington, D.C
Diggs
Maxwell Air Force Base
Larry McSwain
Mount Pleasant
Michigan
House
Congressional
Former ambassador opposes El Salvador military aid
Former ambassador Robert White told the House Appropriations subcommittee that extensive U S military aid to El Salvador is unnecessary and risked triggering a coup by right wing forces. He urged focus on economic aid for Duarte's moderate government and warned U S advisers could push a military solution. He noted El Salvadoran security forces have managed the guerrilla threat sans U S military help. In Moscow, a spokesman denied Soviet arms support to left wing insurgents.
MENTIONED IN THIS ARTICLE
Washington
U.S
el Salvador
Robert White
House Appropriations Subcommittee On
Defense Department
White
Reagan
San Salvador
Moscow
Leonid Zamyatin
Soviets urged to back words with deeds before Reagan summit
U S officials say Soviet leaders must prove dedication to stopping arms smuggling to El Salvador guerrillas before any Reagan summit. The issue tests a Nixon era linkage policy guiding arms restraint talks with the Soviet Union. Reagan plans to consult allies, including Prime Minister Thatcher, ahead of the White House meeting.
MENTIONED IN THIS ARTICLE
Washington
Reagan
el Salvador
Leonid Brezhnev
Nixon
Brezhnev
U.S
White House
Margaret Thatcher
Thatcher
Spanish general fired in wake of coup attempt in Madrid
Gen Alfonso Armada Comyn, long a king’s trainer and deputy chief of army staff, is dismissed as part of the purge following Monday’s coup bid. Police and military units arrest or detain over 20 officers and tighten lockdowns as Gen Jaime Milans del Bosch’s Valencia tanks figure in the seized parliament. Juan Carlos publicly condemns the plot.
MENTIONED IN THIS ARTICLE
Madrid
Spain
UPI
Juan Carlos
Alfonso Armada Comyn
Antonio Tejero Molina
Jaime Milans del Bosch
Valencia
Milans Dei Bosch
Also Mentioned on This Page
Gazette Wire Services
Halfway House
Montgomery
Ala
Detroit
Charles Diggs
Archbishop of Canterbury
Mehrabad
Iran Air
Youngstown, Ohio
Youngstown
Ohio
Rober Vargo
Youngstown Education Association
Cleveland
Ohio Association of Public School Employees
Board of Education
Marion
C.R
Dale Carnegie
J.E. Bradley & Assoc. Inc
Viking
Cedar Rapids
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