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Newspaper
Ottawa Herald
Location
Ottawa, Kansas, United States of America
Date
Jul 20, 1982
Page
4
Americans earned more in 1981 but inflation cut purchasing power by 3.5 percent. Poverty climbed to over 31.8 million, 14 percent, the highest since 1967, with whites and blacks seeing increases while Hispanics rose to 3.7 million. Median family income rose 6.5 percent in nominal terms but fell 3.5 percent after price adjustments.
States face depleted funds for unemployment benefits and must borrow from the federal Treasury. About 7.8 billion dollars owed by 16 states and territories with interest charges increasing taxes if loans are not repaid. National jobless rate 9.5 percent, and Congress weighs easing interest amid high unemployment.
Federal Reserve Chairman Paul Volcker testified that the Fed will maintain a tight money stance with no plan to expand the money supply to spur a quicker recovery. He projected a modest recovery in the latter half of 1982 and defended keeping targets steady despite congressional pressure.
Chapel Hill, NC AP report highlights a national study showing incoming teachers are less academically able than before while the most able leave for better jobs. SAT verbal scores, salaries, and supervisions cited as factors. 70 percent of future teachers scored below peers not entering teaching.
Kansas City casting workers failed to find enough real looking overweight and average adults for a four hour do cu drama about a nuclear blast. Producers sought not the Farah Fawcett type, 2000 locals auditioned, Lawrence residents offered roles, filming starts mid August in Lawrence with parts also in California and New York. Jason Robards to star. about 50 KC residents were slated for parts.
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