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Newspaper
Pecos Enterprise
Location
Pecos, Texas, United States of America
Date
Oct 22, 1979
Page
6
An editorial critiques the Neiman Marcus holiday catalog highlighting ultra pricey gifts from $100,000 coats to a $50,000 two seat dirigible set. It notes impractical items like a brass Italian shoehorn and a his and hers dirigible pair, then contrasts luxury with rising prices and recession fears making such excess less humorous this year.
The U S Mint weighs tinting the Susan B Anthony dollar to avoid confusion with the quarter. Early alloy tests show coins turning green with use, a potential public turn off though the hue may suit the intended message. The effort follows resistance to circulating a coin resembling existing money.
The Carter administration and the Federal Reserve align with IMF guidance to curb money growth and offset inflation, signaling the IMF’s expanding role in U S policy. IMF recommendations urge letting oil and other price rises pass into the economy, with Americans expected to accept lower living standards. Volcker warns the standard of living will decline as oil prices rise.
Russian, Hungarian, Polish, East German and Bulgarian troops invaded Czechoslovakia to halt liberal reforms. The USSR invoked the Brezhnev Doctrine claiming a duty to intervene where socialism was imperiled.
On this date in 1962 John Kennedy ordered a Naval quarantine of Cuba to pressure Russia to remove missiles. Other events include Peter the Great becoming Czar in 1721, the Panic of 1907, Laos independence in 1953, Hoover funeral in 1964, Apollo Seven splashdown in 1968, Karami quitting in 1968, Ford’s 1973 critique, and John Paul II’s 1978 papacy. Birthdays include Catherine Deneuve John Chaffee Timothy Leary. Thought for today quotes Thomas Hardy.
Louisiana insiders say Senator Russell B. Long faces weaker support at home amid polls showing 50 percent or less backing in hypothetical races. Voters see him as out of touch, with Republican W Henson Moore III rising as a key challenge to his bid for a sixth term in 1980.
Suppressed government documents detail a program code named Paperclip that welcomed hundreds of Nazis into the United States with lax or no security checks. Critics say it aimed to recruit German scientists before the Soviets, while others call it an error of judgment. The files suggest immigration violations and extensive employment of alleged war criminals in U.S. industry and defense work. Further revelations are promised.
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