Farm Credit System on the Edge of a Bailout
Editorial flags looming Farm Credit System losses of about 11 billion dollars on 74 billion outstanding, warning Congress and the Fed face tough choices. It recalls Penn Square shocks, notes lack of outside audits, and argues interim aid seems likely while stressing overall farm debt and government exposure.
MENTIONED IN THIS ARTICLE
Donald Wilkinson
Federal Reserve Board
Congress
Wilkinson
Farm Credit
Illinois
Senate
FCS
Penn Square
Oklahoma City
Chase Manhattan
Illinois Continental
Devil May Care
Farm Credit System
Uncle Sam
Safety-seat compliance in Iowa prompts enforcement talk
A survey shows 43 percent compliance with Iowa small child car seat laws, prompting the Iowa Department of Transportation Commission to call for stricter police enforcement. State Patrol Chief Col. Frank Metzger endorses a moderate approach that educates the public to raise compliance swiftly.
MENTIONED IN THIS ARTICLE
Iowa
Iowa Department of Transportation Commission
Robert Rigler
Frank Metzger
Reagan's right against tax law hocus-pocus
The editorial urges Congress to pursue tax reform amid a Citizens for Tax Justice study showing 50 large corporations paid no net federal income tax from 1981 to 1984, with profits totaling 56 billion and refunds of 2.4 billion. It backs repealing the investment tax credit and ACRS for a Capital Cost Recovery System and warns against revenue loss and new complexity.
MENTIONED IN THIS ARTICLE
Reagan
Washington
Congress
House
Senate
Citizens For Tax Justice
Boeing Co
Boeing
Dow Chemical
General Dynamics
Tenneco
Pepsico
ITT
At&t
Pickle
Texas
Cover-up sensed in U.S. ignorance on Flight 007
The article argues the Reagan administration falsely claimed no U S official knew Flight 007 was off course before it was shot down. It cites Lichtenstein’s 1983 denial, suggests U S monitors tracked the Soviets but missed warnings, and notes ICAO’s report faced dissent from officials and survivors amid ongoing debates.
MENTIONED IN THIS ARTICLE
U.S
New York
Korean Air Lines
Sakhalin Island
Charles Lichtenstein
United Nations
United States
Lichtenstein
Washington Post
Reagan
Anchorage
Sakhalin
Kal
Air Force
International Civil Aviation Organization
ICAO
National Transportation Safety Board
O’hare
Air India
Ireland
Air Navigation Commission
New York Times
Things Are Breaking Down at the Outer Frontier
Russell Baker notes that despite advanced enlightenment and miraculous technology, society suffers breakdowns from stamps to mail delivery, medical terrors, absurd gadgets, and impersonal systems. He recalls snowbound couriers, robotic inquiries, and a culture of comfort that masks deeper faults.
Also Mentioned on This Page
N Independent
J.P. Hladky, Jr
Board of
Joe Hladky III
John Donnelly
John Robertson
Art Heusinkveld
Editorial Pages
Farm Credit Administration
Rigler
James J. Kilpatrick
Nuou
Vik
Sugwon Kang
Hartwick College
Bulletin of Concerned Asian Scholars
Badger
Observation Island
Alaska
Shemya Island
Hokkaido
Wakkanai
Japan
NSA
Misawa
Honshu
Asia
Tom Wicker
Russell Baker
Postal Service
Bob
Miracle Box
New York Times Service
Robert Benchley
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