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Newspaper
Ottawa Herald
Location
Ottawa, Kansas, United States of America
Date
Jan 28, 1982
Page
8
In area coverage KU stampedes Colorado Buffaloes while OHS girls snap a long losing streak and both OHS and OU Braves prepare for key league and conference games. Page 4 reports district basketball renewals and standings.
The Treasury plans to borrow a record 41.3 billion by end of March to cover the year’s red ink as the deficit nears 100 billion dollars. December shortfall widens the nine month gap toward a 66.4 billion 1976 peak, with economists warning higher borrowing lifts interest rates amid inflation concerns.
About 30 city officials from Ottawa Osawatomie Garnett Baldwin and Burlington heard explanations of the Kansas Municipal Energy Agency from staff advisors and consultants. By March 15 they may join 27 other Kansas communities in deciding whether to commit 40 years to long term electrical power supplies, with decisions expected by mid summer.
AT&T plans to spin off 22 local lines to settle a seven year antitrust suit and form a separate subsidiary dubbed Baby Bell. The company aims to enter the information age with data processing, cable TV, and electronic information systems, while retaining Bell Labs and Western Electric.
Washington AP Reagan administration blames the Federal Reserve for the recession citing erratic money supply growth in 1980-81 and warns policy instability could derail an economic upswing. Regan says the president will seek tax relief on interest and dividends instead of raising personal taxes. He notes Volcker is not to resign and stresses the need for steady monetary policy. Weather data closes the report with Ottawa station recording 34 degrees and 60 high on Wednesday with a county forecast of increasing clouds and cool winds.
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