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Newspaper
Ottawa Herald
Location
Ottawa, Kansas, United States of America
Date
Oct 03, 1981
Page
7
Iranians vote for a new president as a new political cycle begins. World coverage notes are filed on page six with related regional updates and developments.
The Fed reported the money supply shrank by 1.9 billion dollars for the week ending September 23, signaling ongoing economic softness. Bond prices climbed, with long term issues advancing while analysts expect rates to ease further.
President Reagan outlined a 180.3 billion six year plan to deploy 100 MX missiles update the B-1 bomber and pursue a stealth aircraft while keeping MXs in existing silos. The program aims to deter Soviet advances and sustain U S strategic balance into the next century with bets on Titan Minuteman sites and a calm path to future arms talks.
Washington AP Kansas congressmen weigh the risk of placing 100 new MX missiles in existing Titan silencers with McConnell AFB near Wichita. Senators Dole and Kassebaum back cautious checks while Rep Glickman voices questions on fixed silos and strategic impact.
Bankers rushed Friday to handle the surge in All-Savers certificates that went on sale Thursday. Kansas State Bank reported brisk activity with about 25 sales that morning and notes that customers have varied tax situations. The 12.61 percent yield on one-year, tax-free certificates drew shoppers, with some investing to maximize tax breaks, while others waited for possible rate changes. Banks planned extended hours and special services, including direct tax counseling options, and Kansas State offered a free wristwatch for $5,000-plus investments, with 42 watches already given away by 4:45 p.m. Friday.
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