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Newspaper
Delaware County Daily Times
Location
Chester, Pennsylvania, United States of America
Date
Aug 31, 1981
Page
7
Murray Weidenbaum, chairing a gold commission, says the panel studies the issue and will report later while maintaining an open mind. Charles Schultze, Carter adviser, calls the notion serious but doubts tying the dollar to gold will work, noting most gold comes from Africa and the Soviet Union.
Washington experts from Reagan and Carter eras agree tight money helps fight inflation but debate how much budget restraint is needed. Volcker shows no sign of easing rates. All urge defense cuts to balance the budget, with slower rate declines anticipated in coming months.
An attorney plans to introduce a 1977 out-of-court agreement to link the Howard Hughes fortune to kinship claims. Four women testified in the paternal heirship trial before Probate Judge Pat Gregory and a six member jury as it enters its second week. Lawyers for about 560 kinship claimants prepared to press their case amid stakes ranging from 163 million to 1.2 billion.
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