The Bank Heyday and the FDIC Era Decline
A concise look at how the FDIC era brought stability to banking after 1933, then describe how oil booms, overseas lending, Penn Square, and big banks reshaped the scene. It notes regulatory shifts toward electronic tellers, chain banking, and S L expansions while warning of a changing Main Street banking landscape.
MENTIONED IN THIS ARTICLE
Penn Square Bank of
Oklahoma City
California
Give them an inch Hatch amendment sparks school regime fears
The Hatch Amendment to narrow public schools' latitude on psychological testing faces backlash as Schlafly urges further federal rules. Critics see conservative pressure expanding beyond testing to curbs on secular humanism, with Education Secretary Bennett fueling concern. The piece calls banning secular humanism from federal regs to protect educators from overreach.
MENTIONED IN THIS ARTICLE
U.S
Sen. Hatch
Reagan
William Bennett
Alabama school prayer ban ruling keeps neutral stance
The Supreme Court's 6-3 decision rejects adding voluntary prayer to silent meditation in public schools, preserving strict neutrality toward religion. The ruling cites the First Amendment freedom of conscience and warns against any policy that smells of religious endorsement, urging parents and students to understand true neutrality.
MENTIONED IN THIS ARTICLE
Supreme Court
Alabama
Justice Stevens
Turner on failed CIA task shows flawed compartmentalization
In Washington, Stansfield Turner recalls Carter wanting satellite war images, a costly plane chase, and a Pentagon stash of photos after a US attaché beat him to it. Turner argues compartmentalization harms intelligence though he notes some successes. Richard Bissell’s U-2 hangs in the background.
MENTIONED IN THIS ARTICLE
Washington
Stansfield Turner
Jimmy Carter
Turner
CIA
U.S
Pentagon
Department of Defense
National Security Agency
Richard Helms
Analysis of Alan Dulles and Bissell on CIA secrecy and Bay of Pigs
The narrative argues compartmentalization aided CIA covert operations including the U 2 project while criticizing the idea that secrecy alone causes failures. It notes Bissell’s desire for autonomy, Dulles’s support to avoid questions, and later doubts Turner’s leadership and Washington politics, illustrating tensions in CIA governance.
MENTIONED IN THIS ARTICLE
Bissell
Dulles
Bay of Pigs
Turner
New York Times
Reagan Defends Weinberger and Policy in Interview
In a candid exchange with this reporter, President Reagan rejects calls to fire Caspar Weinberger and defends defense reforms. He rebuts claims on oil tax policy, campaign funding, civil rights, and judicial nominees, while hinting at unease over future Social Security alternatives.
MENTIONED IN THIS ARTICLE
Washington
Pryor
Arkansas
Chiles
Florida
Reagan
Caspar Weinberger
Secretary of Defense
William Bradford Reynolds
Also Mentioned on This Page
Federal Deposit Insurance Corp
FDIC
Savings and Loan Association
Halcyon
Brazil
Argentina
Penn Square
Jenkin Lloyd Jones
Continental Illinois
Seattle First
Chase Manhattan
Northern Trust
Michigan National
Oklahoma
Seattle
Bank of America
Continental
U.S. News & World Report
S&ls
Sears Roebuck
Los Angeles Times Syndicate
National Assoc. OF Defense Manufacturers
Samuel Pepys
J.F. Hladky, Jr
Board of
Joe Hladky III
John Donnelly
John Robertson
Art Heusinkveld
Phyllis Schlafly
Education Department
Cobb County
Hillsboro
Eagle Forum
Schlafly
Bennett
Hatch
Adm
Richard Bissell
Tom Braden
Allen Dulles
The
United States
Weinberger
Defense Department
Ronald Reagan
Johnson
Nixon
Carter
Universal Press Syndicate