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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Mar 23, 1982
Page
5
Inflation rose 0.2 percent in February, the smallest monthly gain since mid 1980, driven by falling gasoline prices. Food costs climbed 0.6 percent, housing up 0.4 percent, energy dropped, and new car prices fell. Analysts see 1981 annual inflation near 6–7 percent amid a weak economy.
Rep. Delbert L. Latta proposes a one year freeze on Social Security cost of living adjustments and on pay for military and civilian federal workers as part of a broader plan to cut the 1983 deficit. The Ohio Republican seeks a $10 billion Pentagon reduction and $21 billion from tax increases and further benefit cuts while bipartisan talks continue. The Northeast Midwest Coalition urged offsetting domestic cuts with defense and subsidy shifts. IRS Chief Egger backed a bill to boost tax collections by about $20 billion over three years.
Yale University declined a $30,000 federal grant citing a conflict with the A-21 rule requiring professors to file effort reports detailing time spent on research teaching and other duties. The move marks the first time a university refused federal research support over accounting requirements amid a 16 year dispute over the rule affecting $4.77 billion in annual funding.
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