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Ottawa Herald in Ottawa, Kansas

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

Ottawa Herald

Location

Ottawa, Kansas, United States of America

Date

May 21, 1985

Page

4

Budget Struggle Continues in House Budget Fight

Washington AP Republicans and Democrats clash over a 56 billion dollar 1986 spending cut plan with a proposed minimum corporate tax. House Speaker O Neill says votes exist but passage remains unlikely amid tax reform concerns. Senate Leader Dole signals openness to a bipartisan House vote could alter negotiations later this year.

Washington House Thomas P. O'Neill Jr D-Mass O'Neill Senate Robert Dole Dole

Preventing Low Mood Through Early Intervention

Dallas reports at the American Psychiatric Association meeting that serious depression costs exceed 16 billion dollars yearly and claim over 20 000 lives. High risk groups include divorced or separated individuals bereaved or children of the mentally ill. Prevention would target those not yet clinically depressed and focus on early help before low mood worsens.

Dallas American Psychiatric Association

Wall Street Rally Sparked by Rate Cuts and Fed Move

The market rally follows a half point cut to 10 percent in prime lending rates and a Fed discount rate drop to 7.5 percent. The Dow jumped 19.54 to 1304.88 as Treasury bills fell to multi-year lows, while consumers see potential relief from lower loan costs across mortgages auto and student loans. Bank of America cut its prime rate, and VA mortgage rates were trimmed to 12 percent. Personal income rose 2.9 percent in April aided by late tax refunds.

Fed Bank of America Veterans Administration Treasury Treasury Department

Soviet Oil to Nicaragua Promises of Oil From Soviet Union

Managua AP report says the Soviet Union pledged to supply 80 to 90 percent of Nicaragua's oil needs this year as Daniel Ortega returned from a 14 nation tour seeking economic aid. Observers note possible cash aid remained uncertain amid Western embargo tensions.

Managua Nicaragua Soviet Union Daniel Ortega Ortega U.S Moscow Reagan Sandinista Front United States Europe Bulgaria Yugoslavia East Germany Czechoslovakia Poland Hungary Romania Spain Sweden Cuba Western Europe Bonn West Germany France Italy Britain

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