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Newspaper
Ottawa Herald
Location
Ottawa, Kansas, United States of America
Date
Mar 08, 1983
Page
4
Washington AP reports lawmakers mock euphemisms for unpopular programs as they push a 4.9 billion jobs bill. Leaders defend funding while Byrd, Wright, Whitten, Natcher and others hint at district gains and political theater. Ford jokes about post era duties.
Washington AP Ag Secretary John Block says sign-up for the payment in kind program to idle 23 million acres continues with March 11 as the final day at county offices. Tax issues loom, with legislation to tax on sale. Senate expected to pass, House vote today. Block says no tax problems should deter farmers. The program aims to cut surpluses and aid the farm economy.
In Washington supporters of a nuclear weapons freeze push for a House vote next week after lining up 173 co sponsors led by Rep. Edward Markey. Chair Clement Zablocki warns a rapid immediate freeze could hurt floor support while Rep Steven Solarz says moving toward a freeze is already underway. Randall Forsberg predicts a House majority but a Senate defeat by about 10 votes amid a large lobbying push.
New York stocks eased after a fifth straight record close. The Dow slid to 1134.77 as four stocks fell for every three rising in early trading. Volcker noted money supply M1 growth could trigger higher rates and slower recovery. NYSE composite dropped to 88.25 and AMEX index to 385.49 with Natomas leading volume at 19% up. IBM rose to 103% on PC line expansion while J&J fell as ZOMAX withdrawal trimmed earnings.
Johnson & Johnson suspends ZOMAX over reports of serious adverse reactions including five deaths. The recall, tied to new labeling after FDA consultation, follows lingering Tylenol contamination fallout and will cut after tax earnings by about 20 million this year. ZOMAX sales totaled 82 million last year across 25 countries.
NBC moves Remington Steele to Tuesday and Bare Essence to Friday to try revive St. Elsewhere ratings. Bruce Paltrow defends the show while noting its realism and risk of death on screen, as audiences favor lighter medical fare. Public TV airs Vonnegut adaptation Who Am I This Time Tonight.
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