Rates and the economy under high credit pressure
Edward J. Walsh examines the budget and why interest rates stubbornly stay high. He notes the prime rate at 16 1/2 percent after a peak of 21, CitiBank moves between 16 and 16 1/2, and how small businesses face 13 to 17 percent borrowing costs. He questions Fed policy under Volcker and weighs inflation fighting against recession risks and social costs.
MENTIONED IN THIS ARTICLE
Congress
Citibank
Federal Reserve System
Fed
Paul Volcker
Treasury
High Interest Rates Persist As Borrowing Surges
In early June loans to business rose to 203.1 billion and adjusted Fed credit climbed toward 156.6 billion as U.S. funding costs stay elevated. The piece argues continued borrowing reflects cash constraints and policy-driven demand, with deficits forecast around 100 billion yearly. It notes Volcker's balancing act and persistent government borrowing.
MENTIONED IN THIS ARTICLE
Federal Reserve
Fed
Volcker
Congress
Treasury
House of Representatives
House-Senate
Letters to the editor urge a Winchester Hall purge after 1978 precedent
A reader argues county government must undergo a full purge, criticizing the incumbents for secrecy, conflicts of interest, and allegedly crass arrogance. The letter cites workshops, limited public input, and deals with the jail site as examples, and laments loyalty to personal expediency over public good. The piece also notes traffic concerns on Harmony Road and requests for far safer traffic control measures.
MENTIONED IN THIS ARTICLE
Board of County Commissioners
Winchester Hall
Democrats optimistic on year but warn of GOP excesses
Nation's pollsters and Democratic leaders including Sen. Christopher Dodd Rep Geraldine Ferraro and Bill Lucy gathered to discuss the 1982 electoral outlook. They said the year should favor Democrats but only as a reaction to perceived GOP overreach, not broad enthusiasm.
MENTIONED IN THIS ARTICLE
Washington
Congress
Pat Caddell
George McGovern
Reagan
Caddell
Christopher Dodd
D-Conn
Geraldine Ferraro
D-N.y
Bill Lucy
Beleves
Louel
Wilson claims he prevented Khadafy from getting A bomb
Washington report profiles Edwin Wilson, a former CIA asset, captured after fugitive years in Libya. Prosecutors accuse him and Frank Terpil of shipping explosives to Muammar Khadaky and plotting an assassination. Dale Van Atta investigated the case, citing Wilson’s claimed CIA backing.
MENTIONED IN THIS ARTICLE
Washington
America
CIA
Edwin Wilson
Libya
Muammar Khadaty
Wilson
Frank Terpil
U.S
Khadaty
Dale van Atta
Undercover agent Wilson claims Libya bomb plot foiled
The column recounts Edwin Wilson publicizing alleged CIA aware covert actions including a 1980 contact with Armand Donnay who claimed access to stolen French atomic data. Wilson says Libyans sought the equipment and that CIA showed little interest, leading him to work alone to stall and mislead Donnay. The piece notes subsequent cleanup and legal cases in New Mexico tied to public funds, including Herman Grace’s resignation and guilty plea.
MENTIONED IN THIS ARTICLE
CIA
Wilson
Doanay
Syria
Saudi Arabia
George Bush
Dan Murphy
Edwin Wilson
Herman Grace
New Mexico
Community Affairs
Grace
Guy
Bruce King
Briad Sanderoff
Sanderoff
FBI
Health and Human Services
Richard Kwaserow
Carolyne Davis
Heath Care Flnanclng Administration
Fireworks sale limits and city events in Maryland era
Fireworks were offered in Frederick for the Fourth with a June 3 sales rule cited by a local athlete. The mayor warned against cannon crackers while praising law compliance. Frederick High School band performed at Braddock Height auditorium as Hood College hosts the second Library Institute. Mayor-elect Magaha pledges no major staff shakeups, only a new city angel. R F Kline bid $108,992.10 to replace a collapsed Boyers Mill Road bridge. Fairchild plant in Hagerstown announces hundreds of layoffs amid a labor management seniority dispute.
MENTIONED IN THIS ARTICLE
Frederick
Ilegal
Frederick High School
Braddock Height
Fenton Harris
Maryland Library Advisory Commission
Hood College
Sessior
Alumnae Hall
E. Paul Magaha
Magaha
R. F. Kline
Boyer's Mill
Kline
Also Mentioned on This Page
Edward J. Walsh
U.S. Industrial Council Writers Group
National Defense
The
Marine Corps Gazette
Barron's Financial Weekly
Freda
Eee
Congressional Budget Office
Fe Hulmener
WSTAR
Ian
Frederick County Planning Commission
Elliott Haines
Monument Road
Myersville
Harmony Road
Kurt Holter
Ronald Linton
Ellerton
Tan Panmatha Dann Unermani Band Nth
MD. 153
Smithsburg
Pennsylvania
Brethren Church Road
Jm, Rop
Russell Baker
Thomas Haines
Eugene Ropp
Irene Gouker
Daniel Willard
David Baker
Otto Kreisher
the Political Beat
Lucy
Ferraro
New York City
Queens
Archie Bunker
Dodd
Republic
Ronald Reagan
Americas
Copiey News Services
Jack Anderson
Khadafy
Intelligence
Justice Department
Jose Dionisio Suarez
Virgilio Paz
Orlando Letelier
Io Washington
Omar
Naval Intelligence
Rome
Wilder
Armand Donnay
Tripoli
Donnay
Doonay
Tas
Doonsy
Libyan Atomic Energy Commission
News-Post
Fairchild
Hagerstown
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!