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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Apr 30, 1981
Page
1
President Reagan, speaking at a Holocaust commemoration, urged that nations persecuting people for any reason not be allowed to place human rights on the bargaining table. He signaled concerns about the Soviet Union, but aides said there was no policy shift.
After nineteen days on strike, Writers Guild of America members reach a tentative agreement with independent producers. The deal hinges on profit sharing from pay TV and home video markets and awaits member approval by about 8,500 guild voters later this week.
Evangeline Gouletas-Carey said she would seek a Roman Catholic tribunal to annul her first three marriages so Governor Hugh L. Carey could obtain church dispensation for his recent marriage. She alleges her first husband was already married and that her third husband could not live with women.
Volkswagen reports a sharp drop in 1980 profits driven by losses at its American and Brazilian units. Tony Schmuecker cites high U.S. interest rates and exchange losses on parts exports as key factors. VW of America posted a net loss of 40.4 million despite sales rising beyond 368,000 vehicles.
Northeast Kansas forecast calls for clear to partly cloudy skies through Saturday. Tonight’s low mid 50s, Friday high about 80, Saturday high in the upper 80s. Extended outlook shows very warm conditions with a chance of showers and thundershowers Sunday and Monday. Overnight lows mostly in the 60s, highs mid-80s to mid-90s. Official readings Wednesday: high 81, low 55. overnight low 56. no precipitation. Record high 91 in 1947 and low 34 in 1903. Sunrise 6:25, sunset 8:13.
In Belfast, Roman Catholics form barricades and defense committees amid fears of Protestant attacks while Bobby Sands and three other IRA hunger strikers reject Pope John Paul II’s plea to end the fast. Sands, 27, shows severe weakness after 61 days without food, with weight loss to 90 pounds. The IRA and Sinn Fein say he could die at any moment as Catholic and Protestant groups prepare for possible violence. The article notes broader diplomatic strains in the Reagan era over ambassadorial appointments and Ireland-related tensions, along with sporadic violence and security crackdowns.
U S aides report a renewed flow of arms to El Salvador rebels moving from Cuba by sea to Honduras east coast and overland to El Salvador. Officials say new routes are smaller than the Nicaragua corridor but sufficient for rebel needs. The finding could renew diplomatic pressure against arms shipments.
House Foreign Affairs Committee approved a 25 million dollar request for military aid to El Salvador for 1982 with strings: Reagan must certify a pattern of improved rights, control by Salvadoran forces, ongoing reforms, free elections, and talks with opposition. The amendment passed 26 to 7 amid bipartisan support.
A House committee staff study finds banks and news outlets mischaracterize the prime lending rate. It notes vague definitions and secret discounts to corporate borrowers, arguing the rate is not the lowest available and inflated headlines fuel inflation expectations. Individual borrowers often face rates tied to the prime with added margins.
Amid unsettled markets several leading banks lifted prime rates to 18 percent from 17 as the federal funds rate surged to as high as 24 percent from 17. The Fed failed to prevent the rise, drawing sharp criticism. Banks differ on prime definitions, with some reporting no measurable prime rate and others offering varied criteria for how rates are set.
The Treasury Department announced a one percentage point rate increase for United States Savings Bonds held by about 23 million households. Series EE bonds will move from 8 to 9 percent, effective Friday, and Series HH bonds rise from 7 to 8 percent. The Treasury also plans three new securities next week including a 30-year bond, but trimmed the 30-year offering to $2 billion due to market conditions.
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