Cash Is Making A Comeback As Credit Costs Climb
An Associated Press survey finds shoppers avoiding credit during Christmas as high costs push consumers toward cash. Banks report fewer credit card transactions and rising fees, while some retailers note more cash purchases and a shift from cards to checks amid evolving usury laws.
MENTIONED IN THIS ARTICLE
Louise Cook
Associated Press
Joe Rangel
Hazlet
N.J
Shirley Everett
Jackson
Miss
Rangel
Mrs. Everett
Federal Reserve Board
Jeff Baer
Telecheck
Denver
Baer
Understanding Iran Crisis By Theology Says Minister
Kansas City minister Ed ward A Freeman returned from Iran saying resolving the hostage crisis hinged on handling Iran as a theocracy where church and state intertwine. He cautioned press framing harmed negotiations and noted his group could not meet hostages or enter the embassy area during the trip.
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Kansas City
America
Iran
Edward A. Freeman
First Baptist Church
Ian
Iraq
Freeman
Kansas City International Airport
Khomeini
CIA
Phale D. Hale
Columbus, Ohio
Lehman Bates
First Baptist Church of
Marshall Heights
Wash
Michael Bates
Tehran
Haig Nomination Spurs Interest in Nixon Tapes
Senators seek access to Watergate tapes tied to Nixon Haig era. National Archives holds tapes under federal law requiring court order or Nixon consent for release. Haig, renominated by Reagan, says he will answer questions on Nixon administration while Helms says tapes contain nothing damaging.
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Washington
Alexander Haig
Richard M. Nixon
White House
Senate Foreign Relations Committee
Haig
National Archives
Capitol Hill
Nixon
Ronald Reagan
Jesse Helms
R-N.c
Foreign Relations Committee
Israeli Raid in Lebanon Kills Dozens in Pre-dawn Strike
Israeli forces backed by helicopters hit Palestinian guerrilla bases in southern Lebanon, killing more than a dozen Palestinians and Lebanese and three Syrian soldiers. Israel reports one soldier killed and three wounded. The raid follows ongoing attacks linked to the civil war era, with Lebanon urging a UN protest. Yasser Arafat's PLO claims large Israeli raiders and artillery, while Israel says it destroyed six targets and evacuated by helicopter after razing bunkers and shelters.
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Beirut
Lebanon
Israel
Syria
Elias Sarkis
U.N. Security Council
Yasser Arafat
PLO
Tel Aviv
Mahmoudiya
Armed Forces Radio
Chrysler Seeks Additional Government Loan Guarantees
Federal officials study Chrysler survival plan as automaker weighs a formal request for another 400 million in loan guarantees. The Chrysler Loan Guarantee Board met 75 minutes as Miller notes no decisions until a formal request arrives. A spokesman indicated an early submission could come soon.
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Washington
Chrysler Corporation
Chrysler Loan Guarantee Board
Chrysler
Wendell Larsen
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