Going belly up in credit crunch sparks SBA loan debate
Sen. Lowell Weicker Jr warns many small firms face closure due to tighter credit. Budget Director Stockman counters that reducing inflation and boosting confidence helps small business. SBA backs loan cuts amid shifts in disaster loan eligibility for farmers and higher direct loan rates.
MENTIONED IN THIS ARTICLE
Washington
Lowell Weicker Jr
Small Business Committee
David Stockman
Weicker
Small Business Administration
Jones
SBA
New York
Stockman
Sam Nunn
D-Ga
Atlanta adds 22nd child to missing list
Atlanta extends the child slayings and missing youths roster to twenty dead and two missing as 15 year old Joseph Bell’s case joins a federal task force. President Reagan approves 1.5 million dollars for investigation costs and anti crime efforts in Atlanta.
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Atlanta
Reagan
Public Safety
Lee Brown
Joseph Bell
Bell
Police Department
Darren Glass
Washington
George Bush
White House
Downward smoking trend may have ended in 1980
Preliminary figures from the Agriculture Department indicate a six year decline in American per capita cigarette use may have ended in 1980 with a rate of 3 924 cigarettes. Officials say the downtrend could resume in 1981 as population growth offsets use.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Robert Miller
Department
Economics and Statistics Service
Miller
Census Bureau
U.S
Army finds many graduates can't read or write
Stars and Stripes reports thousands of American high school graduates lack basic literacy skills. The Army education series says diplomas often mask weak standards, with many graduates at Army posts in Germany unable to read or write beyond fifth or sixth grade, though the Navy and Air Force face a less severe issue.
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Army
Darmstadt
West Germany
UPI
U.S. Army
Armed Forces
Stars and Stripes
Germany
Navy
Air Force
Nuclear rescue bill proposed by Rep Ertel aims for TMI cleanup
A Pennsylvania congressman proposed a Three Mile Island rescue plan to fund cleanup and insurance. The bill would create a public mutual insurer with $100 million federal seed money and require nuclear utilities to pay a $150 million annual premium, possibly passed to customers as a 3 cent monthly bill increase for a typical 500 kW user.
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Washington
UPI
Pennsylvania
Three Mile Island
Allen Ertel
D-Pa
Public Mutual Insurance Corporation
Ertel
Dick Thornburgh
Metropolitan Edison
Arbitration clash over Iran claim faces court test
Boston firm Charles T. Main International contests the presidents foreign affairs power by urging U.S. courts to hear its $3 million claim against Iran rather than an international arbitration panel. DOJ counters the challenge as endangering the president’s foreign policy authority.
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President’s Power
Boston
UPI
Friday
Iran
Carol Goodman
Charles T. Main International
U.S. District Court
Andrew Caffrey
International Tribunal
David Anderson
Justice Department
Iranian prosecutor threats trigger rift with Bani Sadr
Iran's prosecutor general Mou savi Ardebili warned in Tehran that charges could be filed against President Abolhassan Bani Sadr. The taunt followed Bani Sadr's return from the war front amid discussions on enforcing the law during the presidency. The exchange reflects deepings within Iran's factions as tensions rise.
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Bani-Sadr
Ankara
Turkey
UPI
Iran
Abolhassan Bani-Sadr
Tehran
Ayatollah
Abodolkarim Mousavi-Ardebili
Bani Sadr
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