Ohio S&L Panic Blamed On Trust Erosion And Costs
Ohio faced a week of closures as 71 savings and loan associations failed or paused operations. Crowds formed outside shut offices while Governor Celeste extended closures, and lawmakers debated remedies. The root cause cited was risky securities and an extra half percent, with depositor losses fueling fear and anger across communities.
MENTIONED IN THIS ARTICLE
Washington
Reagan
Canada
America
Savings and Loan
Ohio
Richard F.celeste
Héni
S&ls
Fort Lauderdale
ESM
EU ‘Wes
Stantly
ESM Securities
Ohio Association
Celeste
Newhouse News Servic
Sub-minimum wage debate heats up in Congress
The White House again pushes a summer sub minimum wage of 2.50 for workers under 20, prompting broad debate among Congress, black and Hispanic leaders, and unions. Opponents warn it could lower overall wages and ignore youth unemployment, while proponents cite potential job access.
MENTIONED IN THIS ARTICLE
Washington
White House
Congress
Reagan
Afl-Cio
Reagan Administration
Outcry over private funding ban for Nicaraguan contras
Lawmakers Levine and Leach seek to outlaw private financing of the Nicaraguan contras while College Republicans press a campus drive demanding 53 cents a day to fund the effort. The piece links administration struggles to fund the contras with broader Latin American policy and mentions Chile’s Pinochet regime and related U.N. and State Department stances.
MENTIONED IN THIS ARTICLE
Washington
Mel Levine
Calif
Jim Leach
Iowa
College
Republican National Committee
Capitol Hill
College Republicans
Ronald Reagan
Freedom Fighters
Managua
White House
Nicaragua
Chile
McGrory questions Chile church groups on disappeared and torture
Mary McGrory cites Chilean church workers and Dennis O Mara, a Columban priest exiled for protesting torture. He notes CPJ observers report censorship and government control of media, with opposition parties banned. She contrasts US bishops meeting Sandinistas with Reagan’s stance on the Contras and warns of legal limits on fundraising for terror campaigns.
MENTIONED IN THIS ARTICLE
Motley
Chile
Columban Fathers
Dennis O’mara
Chicago
Santiago
Father O'Mara
Committee
Reagan
Nicaragua
U.S
Managua
Archibishop
John J. O'Connor
Ortega
Otega
Unul
Juny
Tara Wrass
Mark Russell on missiles and a bizarre summit remark
Mark Russell comments on MX missiles and political voting, noting states likely to receive missiles. He jokes about a St Patrick’s Day Summit in Quebec where Canada would get wheat and Russia would get acid rain, and mentions Capital Cities acquiring ABC after a tense stockholders’ meeting failed to testify.
MENTIONED IN THIS ARTICLE
Quebec
Canada
Russia
Capital Cities Communications
ABC TV
Jesse Helms
T. Boone Pickens
Proslavery Lobby in Washington Reappears in Immigration Debate
A reader argues that illegal aliens face wage theft and limited protections while employers profit from slow cash flow. The piece links this to a broader lax stance on immigration reform, suggesting a modern form of slavery driven by economic incentives and a strong pro immigration lobby in Washington.
MENTIONED IN THIS ARTICLE
Horwestion
Washington
Sli Neares
Suier
Compassiontase
Also Mentioned on This Page
S&l
P Fia
Poleda
Home State Savings of
Cincinnati
Otis Pike
Cone
Roosevelt Centennial Youth Project
Roosevelt Project
Labor Department
Carl T. Rowan
Augusto Pinochet
State Department
United States
Inter-American Development Bank
United Nations
Langhorne Motley
Ennd
Mary McGrory
Mark Russell
The
Mike Royko
Department of Labor
Llingis
Soucy
Jere
Syracuse
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