North Korean missile fires near U S SR-71 over Korea
UPI reports a North Korean surface to air missile possibly exploded near a U S Air Force SR 71 recon aircraft flying in South Korean and international airspace. Officials say the Blackbird was not hit and landed safely. No a clear link to other recent incidents was established. The Pentagon said the event is under evaluation with no violation of North Korean airspace confirmed. Meese noted President Reagan was briefed and concerned but details were lacking.
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Washington
UPI
U.S
Ehee
Nimitz
Mediterranean
Libya
Santa Barbara
Calif
White House
Edwin Meese
Reagan
Caspar Weinberger
Meese
Niews
Defense Department
Pentagon
North Korea
State Department
United States
North
South
Stocks Hit 13 Month Low In Sluggish Trading
The market fell amid high rates and rising inflation with the Dow at 899.26, NYSE index 72.49, and NASDAQ at 197.81. Declines outpaced advances 825 to 644 as volume slipped, signaling investor caution about persistent high rates. C Edward Acker named Pan Am chairman after building Air Florida.
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New York
UPI
American Stock Exchange
National Association of Securities Dealers
World Airways
C. Edward Acker
Air Florida
Pan Am
Reaganomics Agony and Ecstasy for Philadelphia Business
UPI reporting notes First Pennsylvania Bank chief economist says tax cuts should boost regional business long term but budget cuts will cause pain. Vice President Mayland cites optimism drop in Q3, high rates dampening sentiment, and warns the affluent may save most tax cut funds while the aged unskilled and poor face service cuts.
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Philadelphia
UPI
Reagan
First Pennsylvania Bank
Kenneth T. Mayland
Mayland
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