Tight-money policy fights inflation despite pain
Editorial lauds Paul Volcker as the Fed chair pursuing a tight money policy to curb inflation. High interest rates curb demand but would slow inflation, prompting debate over recession risks and the need for federal budget balance to reduce inflationary pressures.
MENTIONED IN THIS ARTICLE
Paul Volcker
Federal Reserve
Fed
Volcker
Congress
Ronald Reagan
Walter Cronkite steps down as nightly anchor for CBS
After decades at CBS Cronkite will reduce his on air duties to pursue special projects. The change stems from his desire for deeper involvement in the newsroom and concern that TV news has become too focused on entertainment. He remains a trusted figure and mentor to many reporters.
MENTIONED IN THIS ARTICLE
Walter Cronkite
CBS
Walter
Cronkite
United Press International
Abortion Bill Sparks Congress Versus Supreme Court Showdown
The proposed measure by Sen. Jesse Helms and allies seeks to define life from conception and allow Congress to regulate abortion by declaring fetal life a legal person. Critics cite privacy rights and warn it would deny women essential medical care while supporters argue Congress must resolve the unresolved question of when life begins.
MENTIONED IN THIS ARTICLE
Congress
Judicial Branch
Jesse Helms
RNC
House
Paul Douglas
Supreme Court
Helms
Henry Hyde
R-Ill
Romano Mazzoli
D-Ky
Suellen Lowry
National Abortion Rights Action League
Laurence Tribe
Harvard Law School
Helms & Co
Cars Through Time From Model T to Computer Chip Era
The piece contrasts the Model T’s simple mechanics with modern cars packed with electronics and onboard diagnostics. It notes the shift from DIY maintenance to sophisticated systems, predicting fewer chances to work on engines and rising repair costs per evolving technology.
MENTIONED IN THIS ARTICLE
Thunderbird
Cadillac
Successors ill prepared for world affairs say Atlantic Council
The Atlantic Council warns the postwar successor generation in the United States and Europe lacks international understanding. A study by educators and public servants shows poor language skills and minimal coursework on foreign affairs among college seniors and future teachers, hindering leadership in a turbulent era.
MENTIONED IN THIS ARTICLE
Washington
United States
Latin America
Atlantic Council of
Atlantic
Japan
U.S
Atlantic Alliance
Atlantic Council
Pentagon waste and a push for a $30 billion defense boost
Defense Secretary Weinberger seeks $30 billion more for next year as critics warn the Pentagon wastes billions. A watchdog list cites Navy FA 18 maintenance, duplicate Air Force computer systems, and dozen other inefficiencies totaling about $32 billion.
MENTIONED IN THIS ARTICLE
Washington
Defense
Caspar Weinberger
Congress
Ronald Reagan
Reagan
Committee On National Security
Pentagon
Weinberger
House Appropriations Committee
General Accounting Office
Air Force
Finance and Accounting Office
Military District
Washington, D.C
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