Carter’s contradictory stance sparks inflation debate
AP analysis outlines President Carter’s remarks at an AFL-CIO meeting suggesting he won’t fight inflation with jobs, conflicting with Fed policy and economic forecasts. Analysts warn anti inflation efforts cost jobs, while a tax cut option raises credibility and budget concerns. The piece notes lack of a clear plan to both curb prices and protect employment.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
Carter
Federal Reserve
White House
Afl-Cio
San Diego
Fed
Today in History Highlights for October 16, 1979
A compact history rundown marks October 16 with milestones including China becoming a nuclear power in 1964, the District of Columbia established as the U.S. capital in 1790, Marie Antoinette's execution in 1793, and U S restrictions on steel and scrap iron sales to Japan in 1940. It notes Sadat’s 1970 Egyptian presidency, the 1973 Nobel Peace Prize for Kissinger and Le Duc Tho, Kosygin’s 1968- era reforms, Rockefeller hearings in 1975, and Wojtyla’s 1978 papal election as John Paul II.
MENTIONED IN THIS ARTICLE
Associated Press
China
District of Columbia
United States
Marie Antoinette
Japan
Anwar Sadat
Egypt
Gamal Abdul Nasser
Vietnam
Henry Kissinger
le Duc Tho
Soviet Union
Alexei Kosygin
Senate Rules Committee
Nelson Rockefeller
Karol Wojtyla
Vatican
John Paul II
Kennedy's 1980 Ticket Balancing Opera in the South
Editorial notes that if Kennedy seeks the Democratic nomination he will need a non Northeast non Catholic running mate. Southern Democrats discuss Dale Bumpers Ernest Hollings and J Bennett Johnston as possible choices. Bumpers faces a timing problem since his Senate term ends soon, while Johnston was recently reelected and could run without risking his seat.
MENTIONED IN THIS ARTICLE
Edward J. Kennedy
South
Kennedy
Northeast
Jimmy Carter
Senate
Dale Bumpers
Arkansas
Ernest F. Hollings
South Carolina
J. Bennett Johnston
Louisiana
Bumpers
Hollings
Johnston
Massachusetts
House seeks to curb PAC money in 1980 elections
A bill backed by Rep. David Obey and Rep. Tom Railsback would cut the total PAC contributions a House candidate may receive over a two-year cycle from 10,000 to 6,000 and cap all PAC receipts at 570,000. The measure aims to curb the flood of special-interest dollars fueling campaigns as PAC spending in races rose dramatically since 1974. A Common Cause analysis notes that in 1978, candidates with no opposition still received about 23,000 in PAC funds.
MENTIONED IN THIS ARTICLE
House
David Obey
D-Wis
Tom Railsback
R-Il
PAC
Senate
Congress
Reforming Federal Regulation Risks Backfiring
A Washington column argues that major reform proposals like the legislative veto and presidential intervention could backfire. It cautions lobbyist influence on Capitol Hill, contrasting it with administrative processes and urging clearer initial lawmaking to guide regulators.
MENTIONED IN THIS ARTICLE
Washington
NEA
House of Representatives
American Bar Association
George Wallace
Vesco shadows haunt Carter era probes in Washington
Washington reports reveal fugitive financier Robert Vesco linked to multiple Carter era investigations. Grand juries in Atlanta and New York probe Bert Lance loans and bribe plots, while Vesco allegedly sought to bail Lance and influence White House circles. Secret tapes, wire records, and reluctant prosecutors complicate efforts to expose insiders.
MENTIONED IN THIS ARTICLE
Jack Anderson
Washington
Robert Vesco
Banquo
White House
Carter
Vesco
Atlanta
Buddy
Bert Lance
Lance
Georgia
Securities and Exchange Commission
New York City
Libya
Spencer Lee
Billy Carter
John White
Justic Department
FBI
R.L. Herring
Justice Department
Ronnie Herring
Herring
Grand Jury
Richard Harden
Lee
Charles Kirbo
Ralph Ulmer
Also Mentioned on This Page
Capitol Hill
Martha Angle and
Robert Walters
Merry
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