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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Oct 31, 1981

Page

9

Frightening Highway Pursuit on I 80 Ends in Unclear Fate

The narrator recalls a dangerous chase on I 80 as a large truck slows for a sharp curve then accelerates, passing cars at high speed. Red taillights fade into the distance as the car being pursued hopes the car can outrun the truck, while bystanders can only pray.

Fed cuts discount rate marking first drop since 1980

The Federal Reserve reduced the basic discount rate for the first time since July 1980, signaling restraint on money and credit growth. Since May 4 the rate had moved from 13 to 14 percent, with surcharge reductions noted. M1B money supply rose modestly by 1 billion for the week ending Oct. 21. New home sales for September were 26,000 with an annual rate near 312,000, while the average new house price fell to 82,800 from 87,500. Wage gains were reported across 1.5 million workers in 418 settlements. Inflation remained high at about 10.1 percent through the first three quarters, despite a September rate near 14.8 percent.

Fed Commerce Department Labor Department

Costa Rica hijack crisis ends with arrests and pleas

Five hijackers including three men and two women forced a domestic airliner to land near San Miguel after a Puerto Quepos departure. Salvadoran authorities arrested the group and freed hostages describe weapons, red berets, and their aim to return to Nicaragua to fight the Sandinistas. John Leupold said he was terrified during the ordeal.

Jose Napoleon Duarte el Salvador Servicia Aereo National San Jose Francisco Mora San Miguel Costa Rica Mora Nicaragua Sandinista National Liberation Front Jose Rafael Cordero Puerto Quepos John Leupold Wayland Mass

Not Guilty Finding in Texas Mount Daniel Case

Daniel, descendant of Sam Houston, bled to death from a .22 rifle wound in the kitchen. Giblin described the acquittal of Mrs. Daniel as difficult, saying the decision weighed on him as a law and order judge and that beyond reasonable doubt the verdict was not guilty.

Sam Houston Daniel Giblin

Crash injures B-52 crew in mesa collision

A B 52D jet crashed while on a simulated bombing run hitting the north end of a mesa. The plane skidded along the ridge leaving a mile long trench and fuel tank explosion. The Air Force opened an investigation and identified the seven crew members including Capt James L McGregor and Capt Gani Aydener.

Thompson Air Force March Air Force Base David Heffernan Vietnam Heffernan James L. McGregor Chowchilla Calif Gani Aydener Kaysville Utah Clifford R. Duane San Bernardino Kendall E. Wallace Laguna Beach Stanley H. Eddelman Sparta Timothy E. McFarland Tucson Ariz Bruce E. Schaefer Beloit Wis David W. Smith Pasadena Texas

Halloween Costumes Spark Demand at Cedar Rapids Shop

Cerka Costume Rental in Cedar Rapids reports adults buying more outfits for Halloween with priest nun and gorilla costumes leading demand. The owner notes punk rock looks and Pink Panther sales. coffins were rented last year, and school parades feature Empire Strikes Back and Dukes of Hazzard outfits.

Cerka Cedar Rapids Sherry Cerka Dukes of Hazzard

Macy's Herald Square Fire Ravages Landmark Store

A massive blaze tore through Macy's in Herald Square in the early hours, engulfing the second and third floors of the five story building and threatening the iconic World's Largest Store sign. No injuries were reported as 70 firefighters battled the flames.

New York UPI Macy’s Department Herald Square Bob Brewin Brewin

Iowa AG limits cash reserve tax for school districts

Iowa Attorney General Steven Norby ruled that districts may not levy cash reserve taxes beyond 7.5 percent of a district budget, affecting 102 of 256 districts. The move drew opposition from the Iowa Association of School Boards, which urged lifting the cap, with a bill to restore authority set for drafting and debate next month.

Des Moines Iowa House Senate Steven G. Norby State Comptroller’s Office Department of Public Instruction DPI Comptroller Norby Ted Davidson Iowa Association of School Boards

Also Mentioned on This Page

Macy’s Center Point Rd Monthru Oma Gazette Des Moines Bureau Wayne Beal IASB Beal Sen. Bass van Gilst D-Oskaloosa Art Gratias R-Nora Springs Marion TV & Records SONY Betamax U.S Magnavox Quasar W.T Quartz EASY WELC 7Th Ave Marion Quasar & Marion TV Steve Ovel Commissioner OF Parks OVEL Alicia Jackson
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