Pacific Stars And Stripes Newspaper Archives Jan 8 1983, Page 1

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Pacific Stars And Stripes (Newspaper) - January 8, 1983, Tokyo, Japan Bufi 34 1 Al 22 b m us tip m of l Pacific stars 38th 7 an authorized unofficial publication for the personnel of the department of other government agencies and authorized personnel within the Pacific command january 1983 175 slowest recovery forecast Washington a in an uncommonly pessimistic Outlook for the Reagan administration is predicting the slowest recovery from a recession since world War with unemployment sticking above 10 percent for the the not publicly released but confirmed thursday by administration is More bearish than nearly All the major private fore casting firms and Marks a reversal from the administrations decidedly Stock Market hits rec Ord Page optimistic but wrong economic predictions of the past two in 1981 and the Reagan administration had been ridiculed by private economists and the financial Community for making predictions that were Rosy beyond the Range of reasonable in Early the administration predicted the Economy would grow percent in 1982 and 5 percent in with unemployment averaging percent in 1982 and percent in As it turned the Economy contracted by about percent in the sharpest decline since this president reagans new chief Martin has insisted that the administration Issue an honest forecast to regain its economic the prepared As part of see Page 6 Pittsburgh foreclosures stopped compiled from wire services Rapp Ivah 1aurvprc Zuhn Nii pc from wire services foreclosures during the current a judge has stopped mortgage economic hard 75 angry foreclosures in the Pittsburgh Farmers on tractors converged on a citing the critical state of the local credit association in to which has ruined the protest the foreclosure of a financial conditions of Many Fame in ordering the moratorium on common pleas court in another upwelling judge Nicholas Papadakos said of of grassroots sentiment against the number of families faced with losing their Homes the situation now is becoming so critical that i other stories related to hard pages 4 and Felt i had to do the moratorium was not Well received by who questioned whether the judge had the right to Stop lenders from trying to recoup potential losses through but the administrator of the civil division of the Allegheny county courts said the judges action is Legal under the courts rules of civil see Page 6 Trudeau in Thailand Canadian prime minister Pierre Trudeau and his 9yearold son Sacha paddle through the grounds of the Royal summer Palace at bang in a wooden Trudeau is on a Multi nation tour of Southeast both Trudeau hammed it up for donning peasant hats and eating Liz Dole is chosen As transportation chief Washington up presi Dent Reagan has named Elizabeth a top White House As Secretary of wife of Bob will become the first woman Cabinet Secretary in the excellent the senator quipped of his wife which must be confirmed by the Dole will succeed Drew who announced last week he will resign 1 to reenter see Page 6

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