Space Command created to run 21st century space operations
The Air Force announces America's first Space Command to oversee military space work including satellites, surveillance, and anti satellite defenses. Gen Lew Allen says the move shifts space activities from R&D to operational control and notes a new Space Technology Center to push advanced space systems.
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Rate theory baffles economists in US credit market
Washington CP report explains the complicated forces behind high interest rates, inflation expectations, and shifting loan prices. It notes U S and Canadian rates, bank middlemen, and government spending affecting money demand during a recession. It questions why market theory fails to predict current lending costs.
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United States
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Ronald Reagan
Pierre Trudeau
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