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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 18, 1982
Page
11
The Federal Reserve reports continued recession effects on industry. Primary processing sectors are shrinking as the latest downturn follows 1980 1981, with operating rates for advanced industries at 69.8 percent and durable goods 61 percent while non durable goods hit 71.5 percent. Industrial production fell 0.8 percent marking the steepest drop since March.
President Reagan weighs an accelerated 10 percent tax cut but faces strong White House and congressional resistance. Treasury chief Regan backs the move, while Budget Director Stockman and economist Feldstein oppose it as worsening a multibillion deficit. Democrats doubt passage in a post election session as deficits loom. Speaker O'Neill and aides oppose accelerating the plan saying it would worsen the $200 billion deficit.
Dubuque radiologist Dr. Donald Kahle reports 25 calls for help in four days after the program’s launch. Dr. John Tyrrell of Manchester cites economic strain driving doctors to offer temporary care options. An Iowa survey shows 69 percent worry about cost as a healthcare major issue, yet 77 percent feel able to pay usual costs with money or insurance. blame for rising costs falls on hospitals, insurers and drug firms.
The Iowa Commerce Commission waived a rule requiring itemized charges on Northwestern Bell bills. The waiver extends to January 1 as revisions align with broader bill format changes. The delay continues while deregulation of terminal equipment is completed.
Lewellyn filed an appeal after a federal judge’s decision, seeking a new trial with a compulsive gambling defense. He remains free on a $500,000 signature bond and a $50,000 bond posted by his father backed by farm property. The press conference outside Des Moines federal court contained questions about the Son of Sam law and Turner’s push for a 35 year sentence.
A Butler County man was killed while hunting on a local farm. Deputies did not release his name pending relatives' notification. The shooting involved a 12 gauge shotgun and occurred in Butler County between Waterloo and Mason City.
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