Foreclosures Hit Record Peak Amid Poor Housing Market
Washington reports about 100000 homes foreclosed in early 1980s first quarter as unemployment and high mortgage rates drag demand. Mortgage Bankers Association notes many loans from last two to four years carry double digit rates and rising delinquencies. Construction spending slips after March uptick. Dow sinks to 814.97 amid investor caution.
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UPI
Congress
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Mark Riedy
Mortgage Bankers Association
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Riedy
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Wall Street
Reagan to spend 10 days in Europe
President Reagan begins a 10 day European tour to strengthen the western alliance and promote free trade. He will attend a seven nation economic summit in Versailles and a 16 nation NATO summit in Bonn, meeting Pope John Paul II in Rome and visiting London and the Berlin Wall.
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Falklands tense as British troops seal Mount Kent area
U N Secretary General Perez de Cuellar ruled out Argentine concessions or a cease-fire. British reports say forces hold Mount Kent near Stanley and spearhead units move within 10 miles of the capital. British defense officials expect no major battle for days. Goose Green losses cited with 250 Argentine dead and 120 wounded among 1,400 prisoners. British casualties at 17.
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Javier Perez de Cuellar
Ministry of Defense
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Stanley
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Gotsis Arrested on Drug Counts in Medical Probe
Gotsis, chief surgeon of New London Hospital owned by Dr. Leonard Faymore, faces drug-related charges amid ongoing investigations into illegal prescriptions. Previous actions against Gotsis include dismissals from Lorain Community Hospital and Amherst Hospital for alleged medical misconduct and high post operative infection rates. Governor Rhodes proclaims Travel Ohio Day on June 10 to boost tourism, while unrelated Falklands War updates describe British forces tightening defense around Stanley as Argentine positions show pressure and internal turmoil.
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British fear Argentina may use napalm in Falklands
British commanders fear Argentina could employ napalm in Stanley. They recovered about 80 to 89 containers with 9,000 gallons of napalm after the Goose Green action, while Britain says no proof of use exists and Argentina denies it.
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UPI
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Independent Television News
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Vietnam
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Nixon criticizes women reporters amid media myths
Former president Richard Nixon said he bears no personal animosity toward the press yet criticized reporters, especially women, for portraying first ladies as overly public or private. He argued that the media creates myths about public figures and urged tougher but not crude questioning by women reporters. He defended his conservative economics and hardline foreign policy, noting support for women entering male-dominated fields and predicting a woman vice president or president this century.
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Nixon
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GOP picks Benedict to end Byrd Senate reign
Republican primaries set stage for 1982 Senate races with Stennis Barbour and Byrd favored. Benedict won GOP nomination to face Byrd in West Virginia while Barbour seeks to topple Stennis in Mississippi. Bingaman beat Apodaca for New Mexico seat. O Connor leads Dem SD race. Anaya tops Dunn for NM Dem nomination.
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South Dakota
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