Foreign trade deficit climbs to January peak in 1980s context
The Commerce Department reports a January trade deficit of 5.44 billion dollars, the highest in nearly a year, as imports rise 8.5 percent to 24.26 billion while exports fall 2.2 percent to 18.82 billion. Energy products and cars drive the jump. petroleum products alone account for a 7.6 billion dollar deficit.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Virgin Islands
Merce Department
Adren Cooper
Department
David Lund
U.S
Young Manhattan Bank Robber Turns Self In
A 9 year old boy who allegedly robbed a Midtown bank of 118 dollars with a silver automatic pistol turned himself in to authorities on Friday. The FBI questioned him after the admission, and police say he was likely the citys youngest bank robbery suspect.
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Manhattan, N.Y
FBI
Linguistics Institute
Bogota
Colombia
M-19
Chester Bitterman
Institute
Lancaster
CIA
Islamic mediation seeks end to Iran Iraq war in Jidda talks
A four nation Islamic goodwill commission meeting in Jidda Saudi Arabia aims to mediate the five month Gulf war. Iran calls the effort pointless while the panel plans talks with Iran’s Abolhassan Bani Sadr and Iraq’s Saddam Hussein. The group includes Zia ul Haq Sekou Toure Ulusu Arafat and others and follows Palme’s failed mediations.
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Beirut
Lebanon
Jidda
Saudi Arabia
Iran
Iraq
Saudi Radio
Mohammed Zia Ul-Haq
Pakistan
Ahmed Sekou Toure
Guinea
Zafar Rahman
Bangladesh
Dawada Kairaba
Wages fail to keep pace with 1980 inflation in US
The Labor Department reports private sector wages rose 9 percent in 1980, but inflation at 12.4 percent eroded gains. Fourth quarter compensation rose 2 percent, below Q3, with Employee Cost Index at 2.1 percent. Regional and sector differences noted among manufacturing, nonmanufacturing, union, and nonunion workers.
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Washington
Labor Department
Department
Bureau of Labor Statistics
Soviet Premier seeks higher trade with United States
In Moscow Premier Nikolai Tikhonov urged expanding trade with the United States, blaming Washington for using trade as a political weapon. He noted U.S. embargoes on grain and technology last year, citing a fall to 1.96 billion dollars in 1980 from 4.48 billion in 1979, as evidence of policy-driven decline. Kremlin spokesman Leonid Zamyatin added the embargo failed to achieve its goals.
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Moscow
Soviet Union
Kremlin
United States
Washington
Nikolai Tikhonov
Leonid Brezhnev
Reagan
Tikhonov
U.S
Leonid Zamyatin
Air Force
General Accounting Office
GAO
Congress
Demonstrators Clash With Rockefeller At World Affairs Event
Protesters yelled Rockefeller murderer and hurled eggs at Chase Manhattan Bank President David Rockefeller as he spoke to over 600 business leaders. The rally criticized his global holdings and Iran surgery plans, with several claimants from the Revolutionary Communist Party.
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Rockefeller Boston
UPI
Rockefeller
Chase Manhattan Bank
David Rockefeller
International Banker
World Affairs Council
Shah of
Iran
United States
The
Revolutionary Communist Party
Madrid mass protest defies bomb blasts against abortive coup
About 1.4 million Spaniards marched in Madrid despite four small blasts on the route, with hundreds of thousands again rallying in other cities. King Juan Carlos reportedly urged cancellation to avoid clashes, while all parties except New Force joined the march led by mainstream leaders.
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Madrid
Spain
UPI
Juan Carlos
New Force
Blas Pinar
Report praises GOP organization and campaign machine
A confidential Matt Reese & Associates report for the Democratic National Committee lauds the Republican Party for superior organization research and financing. It notes a $3 million redistricting effort to win a House majority in 1982 and credits GOP techniques as key to recent victories in 1978 and 1980.
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Cincinnati
Republican Party
Democratic National Committee
U.S
House of Representatives
Matt Reese & Associates Inc
Cincinnati Enquirer
Reese
Senate
White House
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