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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Sep 29, 1982
Page
3
President Reagan sticks to a familiar thesis that Democrats created the downturn and his tax cut and budget plan will restore prosperity. He warns unemployment could reach 10 percent before the November elections, insists progress is visible though uneven, and urges voters to stay the course despite lingering recession.
Savings and loan associations race to retain about 15 billion dollars maturing in All-Savers certificates in October. They offer perks like free subscriptions and investment hotlines to persuade customers to reinvest with S&Ls or move into IRAs and higher yielding accounts. Officials warn the loss to money market funds would be damaging while highlighting tax shelter benefits. Local firms National Permanent, Bell Federal, and Midland Federal are among those targeted clients with incentives tailored to retain the maturing funds.
The court weighs whether a juvenile can confess in custody and how Rule 3, formed amid defendants rights concerns, affects admissibility. Judge Webber warns the interpretation could limit statements obtained by police during interrogation.
AP reports John Hinckley Jr while confined at St Elizabeths wrote to an unidentified Western woman asking for a gun to kill Jodie Foster. FBI sources say the letter mentioned a .38 pistol and was turned over to U. S. Attorney Roger Adelman, tied to Hinckley’s Reagan assassination trial.
Marines march through the Beirut port after their return to Lebanon joining French and Italian peacekeepers. The move follows the Sept 14 assassination of President-elect Bashir Gemayel and the Sept 16-18 Chatilla Sabra massacre. President Amin Gemayel’s government must restore order as Israeli Prime Minister Begin asks for a commission into the Palestinian refugee camp killings. Reagan announced the mission would continue until Lebanon can govern itself.
President Reagan states U S Marines in Beirut will remain until Lebanon and other foreign troops withdraw. He cites Lebanon’s government as saying when troops can go home and notes the 1,200 marines will support Amin Gemayel’s government as Israelis and Syrians withdraw. Unemployment may reach 10 percent per October figures.
Former Gov. George C. Wallace narrowly captured the Democratic nomination for governor in Alabama, taking 51 percent with 4,115 of 4,144 precincts reporting. Lt. Gov. George McMillan, who contested vote handling, vows to verify results as the canvass continues.
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