New Figures Point to Recession Continuing Through Mid Year
James Peltz reports that January durable goods orders fell 1.5 percent after December revisions, signaling ongoing recession. Economists warn a slow recovery may not begin before mid year as capital goods and household durable goods demand stays weak. Senate figures criticize Reagan plans while Regan insists relief will come this spring. Major banks cut prime rates amid volatile money supply. A proposed $7.5 billion federal fund targets the savings and loan sector.
MENTIONED IN THIS ARTICLE
James Peltz
Robert Parry
Security Pacific National Bank
Los Angeles
Commerce Department
Ted Gibson
Crocker National Bank
Congress
Reagan
Tonger 8
Senate Finance Committee
Treasury
Donald T. Regan
Russell B. Long
D-La
Regan
House Banking Committee
Juvenile Code Overhaul Cleared by Kansas Senate Panel
The Senate Judiciary Committee advanced a major overhaul of Kansas juvenile law splitting the code into Care of Children and Juvenile Offenders. The plan adds adult-trial for 16 or 17 year olds after two felony-equivalent offenses and allows expungement after age 21 or two years post-discharge, while removing investigations from judges to prosecutors.
MENTIONED IN THIS ARTICLE
Topeka
Kan
Senate Judiciary Committee
Kansas
Judicial Council
Judiciary Committee
U.S. Arms Proposal Nears Completion with Soviet Union
Washington officials say a new U S strategic nuclear treaty plan aims to cut long range bombers and missiles and reduce overall warhead power by considering launcher throw weight and accuracy. Reacting to Poland under martial law and Afghanistan, NATO allies may need weeks to clear the terms before Reagan’s possible summer announcement.
MENTIONED IN THIS ARTICLE
Washington
U.S
Soviet Union
Administration
Reagan
North Atlantic Treaty Organization
Poland
Afghanistan
Eugene Rostow
Arms Control and Disarmament Agency
Anatoly F. Dobrynin
Vladivostok
NATO
Soviet booster debris sighted over Idaho and Utah
A falling Soviet Cosmos 1338 booster illuminated the Western sky Tuesday night, breaking apart over Idaho and seen from Montana to Las Vegas. NORAD said any debris would be non radioactive and scattered over about 1000 miles. witnesses described a bright orange, humming object with hundreds of fragments.
MENTIONED IN THIS ARTICLE
Salt Lake City
Idaho
United States
Fred Watkins
North American Air Defense Command
Colorado Springs
Colo
Las Vegas
Dakotas
Seattle
Utah
Beverly McCarthy
Watkins
Soviet Union
Earth
Montpelier
Shirley Long
John Carl
Castro Backs Mexican Peace Plan If U S Reverses Policy
Castro said he would accept Mexico's proposal for Central America if the United States reversed its Latin American policy, while Washington dismissed the plan. He urged U S restraint, accused it of threats and intervention, and offered Cuba's arms for defense only.
MENTIONED IN THIS ARTICLE
Mexico City
Fidel Castro
Mexico
Central America
United States
Washington
Florida
Castro
Jose Lopez Portillo
Sunday
Nicaragua
Lopez Portillo
el Salvador
Cuba
Steagan
Reagan
State Department
Dean Fischer
U.S
Daniel Ortega
Sandinista
Latin America
Caribbean
Hemisphere
Liberal Woman Wins Contest In International Pancake Race
Barbara McCaffrey, 23, a Liberal elementary gym teacher, wins the Liberal leg of the International Pancake Race in 65.3 seconds, giving the Americans a 19-13 edge in 32 years of Liberal versus Olney competition. Rosemary Ludgate, 24, of Olney, takes third straight Olney victory in 62 seconds, with the winner to retire after three wins.
MENTIONED IN THIS ARTICLE
Liberal
Kan
England
America
Olney
Barbara McCaffrey
Rosemary Ludgate
Also Mentioned on This Page
Committee
Sen. Elwaine Pomeroy
Defense Department
NORAD
Bob Chambers
Salt Lake City International Airport
Solar
Ottawa
Ludgate
Ian Cartwright
Command Staff College
Ft. Leavenworth
Mrs. McCaffrey
Mrs. Ludgate
Cartwright
Ronald Collins
Dennis Elkins
Elkhart
Birmingham University
Andys Siding CO
Charles Schneider
S. Main
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