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Newspaper
Delaware County Daily Times
Location
Chester, Pennsylvania, United States of America
Date
Jul 22, 1981
Page
9
Amanda McKerrow, a 17 year old Washington Ballet Company dancer, reacts to being honored after becoming the first American to win a Moscow Dance Competition gold medal. Her remarks followed a news conference at the Mann Music Center with Philadelphia officials celebrating the achievement.
Washington reports the Senate rejected a bid to restore the minimum Social Security benefit, while the House approved a nonbinding resolution to keep it. Negotiations continue to reconcile the two bills as supporters warn 300,000 retirees could lose the $122 monthly minimum if cuts proceed.
Fed Chairman Paul Volcker told Congress the central bank will maintain tight money policy to curb inflation. He said interest rates may stay high until inflation and inflationary expectations ease and did not predict when rates would fall.
An Israeli importer sued Checker Cab and General Motors for defective Oldsmobile diesel engines in taxis sold in Israel. The breach of contract suit seeks about 7 million dollars from Checker and 6 million from General Motors, with claims the sale and distribution of the vehicles in Israel was virtually impossible.
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