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Newspaper
Roswell Daily Record
Location
Roswell, New Mexico, United States of America
Date
Sep 15, 1985
Page
3
E F Hutton faced a guilty plea on 2000 counts of mail and wire fraud tied to a check overdraft scheme. The firm agreed to a 2.5 million dollar fine and set aside 8 million to repay interest losses, while investigations by Congress subcommittees the SEC and state regulators continued.
Patricia Buchanan urges nationwide reforms in a Roswell Daily Record letter dated Sept 2. She suggests a flat 5 percent gross income tax with IRS depots across districts, eliminating deductions, arguing it could slash costs and help balance the federal budget while noting prior tax disputes and communications with Washington officials.
On Sept 15 1776 British forces occupied New York City. In 1789 the Department of Foreign Affairs became the Department of State. Costa Rica Guatemala Honduras Nicaragua and El Salvador proclaimed independence in 1821. Taft born 1857 in Cincinnati. Nuremberg Laws 1935 stripped German Jews of citizenship. RAF heavy losses to Luftwaffe 1940.
Roswell residents Mr and Mrs Herman Sorrell returned home after visiting Milwaukee for ceremonies honoring heavyweight champion Ingemar Johansson as Athlete of the Year. At a Conquistadore Council meeting Mrs W F Blevens, director of the Roswell Girl Scout Day Camp, reported at the gathering.
More than 400 area Girl Scouts participated in camp activities during the past summer. Sharon Longman an 11 year old daughter of Sgt and Mrs Edward Longman of Walker Air Force Base has been chosen to represent the base elementary school in the Junior Speech Contest at Pueblo Auditorium this week.
John Hart, living under the alias Harry Snyder in New Mexico, faces a potential political misstep as Pennsylvania seeks his extradition on escape and burglary charges. The case highlights scrutiny of Gov. Toney Anaya’s handling of such refugee convictions. Hart-Snyder was previously found guilty of fatally beating a North Carolina man in a hotel room at the Greater Pitt-
The report covers Fred McCaffrey, paroled after 14 years for a charge at Pittsburgh International Airport, later accused of burglaries in a state park, fleeing to New Mexico and arrests in California and Colorado. It contrasts this with Anaya's approach as attorney general and governor regarding harsh crime penalties and capital punishment, sparking debate among supporters and critics.
The piece argues New Mexico governor Toney Anaya risked political trouble by intervening against Pennsylvania’s bid to extradite Hart. It notes Cabinet members church leaders and politicians urged mercy while voters and opponents foresee negative consequences amid broader concerns about government integrity and disaster-relief funds.
The scene shows firms expanding or cutting back as quarterly results dictate. A major company shutters European supervisory offices in a stark economy wave unseen since prior cycles. Robert Goldbogen explains that profit reports to stockholders drive such broad cost cutting and restructurings.
The piece details Art Buchwald’s response to a disappointing report as he launches an economy drive. He begins by firing two workers the mail room and elevator operator, then installs a cheaper elevator, and replaces some roles with hand delivery. The plan expands to staff cuts and shifting blame within departments, reducing overall headcount.
Washington experts in economics differ sharply on the future of the American economy. Forecasters range from gold plated prosperity to hair curling recession as they debate policy and growth after studying government reports and interviews with leading economists.
Jack Anderson summarizes forecasters on a modest rebound before Christmas but a looming 1986 recession. He notes limited near term rate volatility, Fed policy risks, and Volcker's tightening to curb inflation. He also questions Reagan's deficit rhetoric versus persistent $ deficits and optimistic White House growth projections. See ANDERSON, Page 5
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