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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Oct 21, 1981
Page
6
The report notes tonight and tomorrow showers with a 50 percent rain chance tonight and 30 percent tomorrow. Lows around 35 tonight, highs 50 to 55 tomorrow. Sunset 6 13 p m. Sunrise 7 26 a m. Historical data include yesterday high 61 and low 38, record highs and lows for the date, and humidity readings at 8 p m yesterday and 8 a m today.
Joe Shepard, chief of Shepard Electronics, sponsors a cross country rally promoting future fuels from Los Angeles to New York. He criticizes public disinterest, reports only 18 and 40 sightseers in Los Angeles and Denver, and reveals personal losses including legal action and injuries to associates.
The Reagan administration rejects a broad UN led global negotiations framework while signaling a South North dialogue may continue. Officials push private investment and free trade as key to Southern development and oppose transfer of resources or summit level meetings.
GNP rose 8.8 percent to an annual $2.95 trillion in Q3, inflation-adjusted to $1.51 trillion 1972 dollars. Commerce Dept says consumer spending fell in September. Weidenbaum warns a new recession has begun, while O'Neill accuses Reagan of shifting blame to recession. Reagan aides back further budget and tax action, aiming for revival by next year. Weidenbaum criticizes prior panic spending and looser Fed control as root causes.
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