Rush on savers certificates expected to increase Friday
Banks report varied customer response to All Savers Certificates that went on sale Thursday. Maryland National Bank officials anticipate strong sales as U S Treasury bids today affect Monday rates. Some customers wait outside for certificates offering 12.6 percent gross interest with tax free first thousand. Farmers and Mechanics National Bank notes deposits may fund local housing mortgages. many callers misunderstand the program.
MENTIONED IN THIS ARTICLE
Citizens Office of Farmers & Mechanics National
C. Kurt Holter
Glenn Stanley
Maryland National Bank
U.S. Treasury
Rose M. Thompson
Farmer & Mechanics National Bank of Frederick
Thompson
Hope Persists to Save Frederick Post Office Building
Mayor Ronald N. Young remains hopeful after USPS officials indicated no new demolition permit will be sought for the old post office. A Memorandum of Agreement requires a 90 day sale ad and review by MSHP, but the Postal Service says it will not consider selling. A buyer has been found, yet no bid process will occur, prompting questions about stubbornness and the fate of the historic building.
MENTIONED IN THIS ARTICLE
Frederick
G. Bernard Callan
HDC
USPS
Callan
Young
Byron
Postal Service
State Advisory Council On Historic Preservation
Assistant Postmaster General
Real Estate and Buildings Department
Maryland State Historic Pre
Frederick City
Historic American Buildings Survey
Words of Wisdom Proverb Note
A German proverb counsels openness when fortune arrives. The line emphasizes timely action and readiness to seize opportunities as they appear.
New Reagan era begins with tax and budget cuts
The start of the 1982 fiscal year brings a 23 percent individual tax cut and new tax advantages while federal budget cuts hit welfare, local services, and public programs. Savers gain tax free interest up to 2000, and deductions ease the marriage penalty. many families lose welfare, lunches rise, tuition loans harder, and veterans face reduced burial benefits.
MENTIONED IN THIS ARTICLE
Washington
Reagan
Alice Smith
Hagerstown
The
Washington Post
Frederick County and City Expect Lighter Budget Cuts
County budget officer Harold K. Keller Jr and Mayor Ronald N. Young say local cuts will be less severe than elsewhere in Maryland as Reagan cuts roll in. They shifted federal funds from operating budgets to capital projects, keeping day to day services near normal. Keller notes that only about 10 percent of FY81 funds came from Washington, mostly for CETA and Head Start, with public service programs cut by about half. Young warns that if federal regulations outlast funding, wastewater project costs could strain the city budget.
MENTIONED IN THIS ARTICLE
Charles Royer
Seattle
Reagan
Royer
Frederick County
Maryland
Harold K. Keller Jr
Ronald N. Young
Keller
Baltimore City
Young
Federal Environmental Protection Agency
Washington
CETA
Comprehensive Employment and Training Agency
Project Head Start
Economic and Community Development Commission
ECDC
Public Service
Coalition critiques Montco funding for minority education
Montgomery County education coalition claims a $14.9 million figure cited by Dr. Marian L. Greenblatt misrepresents spending on minority programs. It argues much of the total is federal or state money for Title 1 Head Start and compensatory education, while only a portion funds direct minority initiatives.
MENTIONED IN THIS ARTICLE
Rockville
Montgomery County
Coalition For Excellence and Equality In Education In
Ceee-Mc
Marian L. Greenblatt
Impr
Greenblatt
Budget Office
Coalition
Iranian raids hit Kuwaiti oil center near border
Iranian warplanes bombed the Umm Al Aysh oil installation 50 miles north of Kuwait City starting a fire then bringing it under control. Kuwait’s minister Abdul Aziz Hussein said there were no casualties and that Tehran protested through the ambassador to Kuwait.
MENTIONED IN THIS ARTICLE
Kuwait
Kuwait City
Abdul Aziz Hussein
Umm al Aysh
Hussein
Ali Shams Ardakeni
Foreign Ministry
Solidarity debates new economic program in Poland
In Gdansk Solidarity delegates at the first national congress began a three day debate on a 39 page economic plan for Poland. The Soviet Union called the proposal counter revolutionary while the union accused the Polish Communist Party of waging psychological warfare. Sejm approved limited management appointments but details remain unclear as the program remains contentious.
MENTIONED IN THIS ARTICLE
Gdansk
Poland
Solidarity Congress
Soviet Union
Union
Polish Communist Party
Independent Labor Federation
Pot Weather With Warmth Before a Cold Front
An approaching cold front brings very warm temperatures today with a shower or two and then clearing and colder weather Friday through Sunday. In Western Maryland the day stays partly cloudy and warm with an afternoon thunderstorm possible, highs in the low 80s, then clearing and windy tonight with lows around 50, then sunny and breezy Friday.
MENTIONED IN THIS ARTICLE
Maryland
Carroll
Frederick
Howard
Montgomery
Washington
Shenandoah
Highlights and Opinions On Industry and Labor
Robert Lewis reviews the dairy industry in depth while Douglas Bakshian contemplates modern car quality and Anthony Harrigan criticizes the administration for weak big labor stance. Hugh Mulligan admits being a handyman type. Paul Aurandt adds more details. Stan Goldberg talks with Singapore High running back Charles Dorsey who has drawn interest from 22 schools.
MENTIONED IN THIS ARTICLE
Robert Lewis
Douglas Bakshian
Anthony Harrigan
Hugh Mulligan
Paul Aurandt
News-Post
Stan Goldberg
Singapore High
Charles Dorsey
Cess
Also Mentioned on This Page
By Suzy Brett
News Post
Inside the News
Cofelt
Jack Anderson
New York City Opera
Beverly Sills
Jonathan 5
Reiskin
Coalition Raps
MontCo
National — World
Kuwaiti
McGovern
Delaware
Pearance
Dakota
William F. Bolger
Greeting Card
U.S. Court of Appeals
Solidarity
Sejm
Polis
Prises
Cief
Ocean City
Westminster
Gaithersburg
Leesburg
Dave Lesher
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