Reagan proposes 1982 budget with deep cuts but defense spared
President Reagan seeks 48.6 billion in across the board cuts for 1982 while protecting defense. The 695.3 billion plan trims 13.8 billion in 200 programs including welfare housing and water projects, with a three year tax cut and a Pentagon share rising to 38 percent by 1986.
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Washington
Reagan
Congress
Pentagon
California
Jimmy Carter
Prime rate cuts sweep banks to 18 percent
Major banks across the United States lowered the prime lending rate to 18 percent from 181 percent citing weak loan demand and cheaper funds. Citibank led the move to the lowest level since December, with several major banks in New York Chicago Detroit St Louis and Los Angeles following suit.
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New York
UPI
Citibank
Chicago
Detroit
St. Louis
Los Angeles
Cedar Rapids News Highlights and 1981 Tax Cut Note
Unconfirmed reports mention Jaclyn Smith film role shifts and a Rage of Angels feature. Linn County receives a unanimous 362000 verdict against IE. Downtown Cedar Rapids gains two new chain businesses. A county budget cut reduces the 1981 82 levy by four cents. Grant Wood layoffs follow salary dispute with Dwight Bode. Emerald Isle St Patrick spread. A ten year old shows cooking promise in Eastern Iowa recipes. Wedding bells for One Day at a Time star. U S ambassador to Lebanon escapes sniper fire amid Reagan era tensions. Veterans react to political clash. Farm Funk seeds announces Belle Plaine building plans. Burned Up jokes address repair no shows. No fault divorce debate persists in Iowa.
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Linn County
Cedar Rapids
Grant Wood
Dwight Bode
Antique furniture trends split by wealth and families
The observation notes two types of households likely to possess antique furniture: those with money and those with children. The remark underscores how affluence and family life influence collecting habits and access to heirloom pieces.
Hijackers Set Wednesday Deadline On Dam Airliner
Hijackers of a Pakistani airliner at Damascus airport set a 7 am Wednesday deadline for freeing political prisoners or taking drastic action. Over 100 people aboard remain held as Pakistani and Afghan officials negotiate, with reports of a list of prisoners and tensions rising among passengers.
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Damascus
Syria
Mohammed Khawli
Islamabad
Pakistan
Defense
M. Rahin Khan
Adviser injured in Salvador first U.S. mentor evacuated for treatment
UPI reports the first U.S. military adviser wounded in El Salvador has been evacuated to Panama for treatment. The injury described as light followed an incident involving a dropped handgun. Advisers in San Salvador said they are authorized to defend themselves as U.S. involvement grows under President Reagan.
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San Salvador
el Salvador
UPI
U.S
Panama
Panama Canal Zone
Reagan
United States
Air Force
Postal rate hikes set to 18 cents for letters
The Postal Service Board of Governors announced a March 22 increase to 18 cents for first class letters and 12 cents for postcards. Board Chairman Robert Hardesty said the raise comes despite protest that the Rate Commission ignored the service's need for more funds.
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Washington
UPI
Postal Service Board of Governors
Robert Hardesty
Postal Rate Commission
Postal Service
Cedar Rapids School District Announces Historic Staff Layoffs
Cedar Rapids officials declare the largest layoff in district history, cutting 110 certified staff with 66.5 full-time positions reduced after seniority rules. Notices begin today with March 15 reopening date for continuing-contract staff, while 60 replacement teachers are also terminated.
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Cedar Rapids
Thomas White
White
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