national
Battal ion/Page'
October 8,
Unemployment
benefits drop
United Press International
WASHINGTON — The
Labor Department reported
Thursday that new claims for
unemployment insurance be
nefits in state programs drop
ped slightly to 697,000 Amer
icans, but total claimants re
mained at nearly 4.4 million.
The seasonally adjusted total
of 4,392,000 workers that
claimed unemployment insur
ance benefits during the week
ending Sept. 18 was well under
half of the 10.8 million people
officially listed as unemployed,
and came in the week the Census
Bureau surveyed households to
determine the September un-
emOjyment rate.
A year ago, the total was
2,992,000 with 432,000 initial
claims.
The department’s Employ
ment and Training Administra
tion also said initial claims for
eligibility for benefits during the
following week, ending Sept. 25,
totaled 697,000, a decline of
6,000 from the record 703,000
for a week earlier.
Unadjusted data reflecting
the actual number of claimants
during the week, without being
adjusted for seasonal factors,
showed a total of 4,268,600
claimants for all programs, in
cluding federal workers, veter
ans, railroad workers, and those
on extended benefits not in
cluded in the seasonally-
adjusted data.
The raw figures for state
programs showed West Virginia
again leading the nation in per
centage of unemployed workers
that are covered by unemploy
ment insurance .
Reagan blasted by Republican
United Press International
WASHINGTON — Presi
dent Reagan told him to “shut
up,” but Republican congres
sional candidate Gary Arnold
still had a lot to say Thursday
— such as charging the Re
publican National Committee
with misuse of campaign
funds.
Reagan shouted, “shut
up!” at the Santa Cruz, Calif.,
Republican during a White
House meeting Wednesday
after Arnold accused the pres
ident of “Tylenol taxation”
and foreign policies that fa
vored the Soviets.
“You haven’t said a word
that’s true yet,” Reagan said
after Arnold interrupted him
during the president’s speech
to 65 Republican congression
al candidates.
On NBC’s “Today” show,
Arnold said he did not plan to
stand up and challenge the
president’s policies, but said
he was prompted to act when
Reagan began touting his eco
nomic policies.
Arnold said the president
“was talking about the largest
tax cut in history when really
this administration gave the
nation the largest tax increase
in history. I cannot accept that
gap between the two.”
Arnold also said Republi
can candidates were press
ured into supporting
Reagan’s tax increase. “The
head of the national commit
tee said (campaign) funds
would be cut off unless (Re
publican candidates) sup
ported a $ 100 billion tax in
crease.”
Arnold scheduled a news
conference Thursday to dis
cuss his plans to file suit
against Reagan and the Re
publican committee over what
he said was the use of cam
paign funds to lobby for the
tax increase.
“What’s happened is the
funds that were designed for
the candidates were used to
push a $100 billion tax in
crease,” Arnold said.
Although a Republican,
Arnold is not supported by
the COP in his 16th District
race against Democratic Rep.
Leon Panetta.
Arnold describes himself
as a man who looks like Lenin,
but talks like Lincoln. He pas
ses out red bumper stickers
with the hammer and sickle
symbol and the words, “Wel
come to the People’s Republic
of Santa Cruz..”
During Wednesday’s out
burst, Arnold accused Reagan
of abandoning Taiwan, being
too soft on the Soviets and
turning his back pn conserva
tives by supporting the $98.3
billion tax boost — complaints
frequently made by extreme
right-wing politicians.
“While the Soviets get the
wheat, Americans get the
shaft,” said Arnold. “We’re
facing a Tylenol taxation
situation here.”
he
Anne Nixon Ball,tht
ble Beach Republican
suffered a surprise los
Arnold in the June prij
said: “They were all shotlfH
that he beat me. Nobodj’liK^
him. Everybody though 1:1
would get it without anypijM uni
lent because he’s such aserd BOS I
ball. That’s what theyol theBost
him — a screwball.’' has war
Panetta said in ate™ Gulf Cc
interview, Arnold is “ini
right field” and “not out]
my more seriouschalleiigen national
Reporters attempting
telephone Arnold's
brts m
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Arthi
some U
in Santa Cruz found thtj includin
phone out of service, a(lil|
even the Republican P®
headquarters had a tiumlj
for him.
Democrats’ record is challenged
Reagan: Critics have ‘amnesia
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Sunday Services:
Sunday School 9:45 a.m.
Morning Worship - 8:30 a.m.
11:00 a.m.
Evening Worship 6:30 p.m.
ALDERSGATE
UNITED METHODIST CHURCH
United Press International
RENO, Nev. — President
Reagan accused his critics
Thursday of having political
“amnesia” about who caused
the nation’s economic distress
and challenged Democrats to
explain their own economic
record.
“They controlled the pres
idency, the Senate, the House of
Representatives, all the commit
tees of Congress, the entire ex
ecutive branch, the hundreds of
departments and agencies re
sponsible for running the feder
al establishment,” Reagan said.
“They had the whole enchila
da. They controlled everything
— everything except inflation,
taxes, interest rates and a
worsening economy.”
In remarks prepared for de
livery to a Republican rally at the
Reno campus of the University
of Nevada, Reagan turned up
his political rhetoric as he
headed into the final month of
campaigning prior to the
November elections.
As he began a five-day west
ern trip to Nevada, California,
Mexico and Texas, Reagan ac
cused his Democratic foes of
forgetting they controlled the
government for the four years
before he took office and of fail
ing to lay down a solid economic
program during that tenure.
“There are times when I think
some of our critics must have
been hit by meteors or some
thing because they certainly
have developed some interest
ing cases of amnesia,” the presi
dent said.
“They have no recollection of
the severe economic problems
this nation faced prior to the day
I took the oath of office. Never
in political history have so many
know-it-alls been stricken with
such selective amnesia.”
Reagan also used the speech
to look ahead to new national
employment figures to be re
leased today, with many obser
vers predicting the jobless rate
will hit 10 percent. He said
Democrats must share the
blame.
“It didn’t have to be this way,”
Reagan said. “If only the big
spenders in the Congress had
shown some restraint-
they would now.
“Tomorrow the new
ployment rate comes out,
some questions for those
will be all over our (televi
screens tomorrow. Where
they when the economy
Uni
Not-Yet-Famous-Fhatia$
started going haywire? Wk| WAS I
they offering cMcpi :.v scicntiln
f ailed policies they imsheditjlegal a
past? Why don't they show further
real concern for the .: genetic
ployed and join USin corret routine v
the ills of the economy ra say.
than carping about it?” ■
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FUIM • FOOD • DRINKs
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■ -
Prime rate now 13%,
Wall Street prices up
United Press International
NEW YORK — Fueled by a
record turnover of 43.66 million
shares in the first hour, Wall
MSC CAMAC
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Glasses Repaired
BRYAN
216 N. Main 799-2786
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Since 1935.
Street’s revived summer-fall ral
ly roared into high gear Thurs
day with prices surging while in
terest rates began to fall.
The Dow Jones industrial av
erage, which soared a near
record 37.07 points Wednesday,
was ahead 14.26 points to
958.52 at 11:30 a.m. EDT.
Wednesday’s rise was second
only to the 38.81-point surge on
Aug. 17 at the outset of the re-
; cent rally.
The Dow’s close Wednesday
of 944.26 was the highest since it
■ hit 944.35 on Aug. 13, 1981 and
put the closely watched baro
meter 167.34 points in the plus
column since skidding to a 27-
i month low of 776.92 on Aug. 12.
New York Stock Exchange
volume amounted to about 61.2
million shares at 1 1:30 a.m. The
first-hour 43.66 million shares
surpassed the old mark of 39.94
million set Sept. 3.
The NYSE transaction tape
was running 25 minutes late be-
Slgllt su
looking
ing proc
In the
is taken
vidual’s
cause of the heavy trading
Wednesday’s turnover if 01 e llk
93.57 million shares was®
ninth busiest on record. ®
137.28 million traded Aug®
was the heaviest session. 1
Unit
Flat re
Many major stocks were >,
layed in opening becaiiseW 1 lc ! L 11
for them were so heavy If 1 '^9 b e e
could not meettheminitne™
1 y. Ac t i v i t y i n brokerages If
and on exchange floors
frantic.
Many investors whose
Savers accounts are coming
were putting theircashinto
stock market, some analysis!
gested.
Manufacturers Hai»
Citicorp, Chemical Bank,
Manhattan and First Nal
Chicago lifted investors'
early Thursday when the The litt
ered their prime lendingfl absorbec
13 percent from 13'A pen) up from
Bankers Trust made the si tom fo
move on Sept. 28.
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OCTOBER 10, 1982
RUDDER AUDITORIUM
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TUESDAY EVENING
WEDNESDAY
SPECIAL
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EVENING SPECIAL
Salisbury Steak
Mexican Fiesta
Chicken Fried Steak
with
Dinner
w cream Gravy
Mushroom Gravy
Two Cheese and
Onion Enchiladas
Whipped Potatoes and
Choice of one other
Whipped Potatoes
w chili
Vegetable
Your Choice of
Mexican Rice
Roll or Corn Bread and Butter
One Vegetable
Roll or Corn Bread and Butter
Coffee or Tea
Patio Style Pinto Beans
Tostadas
Coffee or Tea
One Corn Bread and Butter
Coffee or Tea ij|
THURSDAY EVENING SPECIAL
Tickets Available
at
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in RUDDER
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Italian Candle Light Spaghetti Dinner
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Yankee Pot Roast
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Hush Puppies
Choice of one
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