Leading indicators hint recession may bottom out soon
Commerce Department data show a modest 0.6 percent rise in the index of leading indicators, sparking cautious optimism that the recession could touch bottom. Labor productivity climbs 1 percent in 1981, the first gain since 1977, with weak fourth-quarter output and a 7.2 percent annual drop.
MENTIONED IN THIS ARTICLE
New York Times
Washington
Commerce Department
Malcolm Baldrige
Labor Department
Baldrige
Charles A. Waite
Department
Bureau of Economic Analysis
White House Pushes No-Cost Federal to State Transfers
The White House released figures claiming its new federalism plan to shift 43 programs to states would cost them nothing. David Gergen said the trust fund would be neutral, with allocations adjusted so no state gains or loses, and Medicaid costs fully covered. The plan runs 1984 to 1987 before excise taxes funding the trust are cut.
MENTIONED IN THIS ARTICLE
New York Times
Washington
White House
David R. Gergen
Gergen
Reagan
Congress
Critics vow to oppose Reagan on Salvadoran rights
Washington critics vow to attack President Reagan's certification that El Salvador's military civilian junta is making concerted effort to protect human rights. They cite reports of massacres and say Congress must review the $65 million aid tied to the certification. Rep. Gerry Studds will introduce a resolution to overturn the certification. House hearing is set for next Tuesday with a Senate hearing the following Monday.
MENTIONED IN THIS ARTICLE
Washington
Reagan
el Salvador
Congress
Gerry E. Studds
D-Mass
House Foreign Affairs Committee
Studds
House
Senate
Indonesians Held as Witnesses in Los Angeles Slave Ring Case
In Los Angeles a federal magistrate ordered 26 Indonesians held as material witnesses in a grand jury investigation into a domestic slave ring serving wealthy residents of Los Angeles and Beverly Hills. Bond set at 10000 each. they to be held at a Hollywood facility. A Salvadoran worker in one household is also held as a witness. Three other Hispanic aliens were dropped from the case. The grand jury aims to hear evidence next week, focusing on recruiters and homeowners who arranged travel and delivery for the aliens. FBI says homeowners were paid 1500 to 3000 for two year periods.
MENTIONED IN THIS ARTICLE
New York Times
Los Angeles
Beverly Hills
James J. Penne
Hollywood
Federal Bureau of Investigation
Roosevelt echoes FDR on Capitol Hill 100th birth anniversary
The New York Times details a joint session of Congress marking Franklin D. Roosevelt’s birth centennial. James Roosevelt reads excerpts from FDR’s Jefferson Day speech as George Bush attends, Reagan hosts White House luncheon, and dignitaries praise the Roosevelt era.
MENTIONED IN THIS ARTICLE
New York Times
Washington
Franklin D. Roosevelt
Capitol Hill
House
Congress
Reagan
James Roosevelt
Fala
Franklin Roosevelt
George Bush
Smithsonian Institution
Roosevelt
White House
Leontyne Price
Metropolitan Opera
Bravas
Jennings Randolph
D-W.va
Claude Pepper
D-Fla
Arthur M. Schlesinger Jr
Diplomatic Corps
James
Elliott
Franklin D. Jr
New York City
Ben Cohen
Grace Tully
Des Moines
Scientists resist research switch in Small Business Act battle
In Congress a bill named the Small Business Innovation Development Act of 1981 would divert 1 to 3 percent of federal research funds to small innovative firms. The Senate passed it 90 to 0. the House Science and Technology Committee held three days of hearings amid a partyline split. Proponents call it essential to industrial innovation and jobs. critics warn it risks basic research and education funding.
MENTIONED IN THIS ARTICLE
New York Times
Washington
Congress
Senate
House
Committee On Science and Technology
Defense Department
National Aeronautics and Space Administration
Department of Energy
Berkeley Bedell
Iowa
Bedell
Small Business Committee
Highrise shooting kills two in San Francisco office
A man entered his wife's insurance office on the 18th floor, assembled a 12 gauge shotgun, and shot multiple employees. He killed two and wounded nine before police killed him. A vice president and another woman lost a limb. a secretary cited marital problems.
MENTIONED IN THIS ARTICLE
San Francisco
Ricardo Contane
Mike Pera
Cossette Hui
Also Mentioned on This Page
President Reagan
Mexico
Fdr
Averell Harriman
United States
Naval Academy Glee Club
Franklin D. Roosevelt Jr
Yalta
Legisla
Tubby
SIU
Bank of America
We University Bank
Carbondale
F.d.1.c
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