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Newspaper
Pecos Enterprise
Location
Pecos, Texas, United States of America
Date
Jan 18, 1980
Page
8
In Atlantic City casino operators report weak interest in slot machines that accept the Susan B Anthony dollar. The Mint weighs changes to improve it, but operators consider converting all dollar slots to half dollars as a more feasible fix, trading thrill for sound. Without clink the Anthony may become a clinker.
AP Business Analyst John Cunniff notes a shift from paper stocks to tangible assets like real estate oil metals and timber as faith in monetary systems wanes. He cites war threats inflation and government instability driving investors toward gold, precious metals, and natural resources seen as real money and stores of value.
On this date in history James Cook sighted the Hawaiian Islands in 1778. Births include Daniel Webster in 1782. Other facts cover Versailles peace talks in 1919, Leningrad siege end in 1943, Sadat recalling minister in 1978, McKay death in 1961, Chou En Lai endorsement in 1959, Bakhtiar warning in 1953, and quotes. Birthdays: Cary Grant 76 Muhammed Ali 88 Danny Kaye 61. Thought for today by Benjamin Franklin.
A Des Moines NEA report notes the Republican Candidates Forum offered a clear view of each contender’s character and positions. The two hour event let voters compare style and substance in depth, unlike earlier cattle-show style gatherings in Chicago Ames Kissimmee and other cities.
The Des Moines Register and Tribune Company hosted a forum where candidates presented distinct styles. John Anderson pressed unconventional views, Howard Baker failed to stand out, George Bush impressed with management but lacked passion, John Connally impressed with oratory, Philip Crane spoke with mechanical precision, and Bob Dole delivered sharp wit while Ronald Reagan was absent. The piece notes the forum as a unique political event worth replicating in other states.
In a highly charged portrait, the shah of Iran showered Washington with gifts, from priceless Persian rugs to kilo–sized tins of caviar, often well above the $100 limit. Records show 4,000 names on his gift list, including Nixon and Kissinger, with gifts routed via Ardeshir Zahedi and even celebrated officials. Justice officials shrug off prosecutions, invoking a political culture where high‑level officials may be treated as immune to such gifts.
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