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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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