Week of February 20, 1981

President Reagan says the United States has “no intention’ of becoming involved

in a Vietnam-like conflict in El Salvador.

Democratic tax writers in the House dismiss as “jellybean talk” and

“hallucinogenic” claims by President Reagan’s chief economic advisers that a

30% personal income tax cut over three years will dramatically improve the

economy. Treasury Secretary Donald T. Regan held his ground, insisting that tax

cuts would stimulate the economy by encouraging saving and investment.

A presidential commission recommends enrolling all American workers in a

universal employer-financed pension system to supplement social security and

raise the age for receiving normal Social Security benefits from 65 to 68.

trade with the United States and indicated the American grain

embargo is hurting his country.

On the final stop of a 22,000-mile mission, Pope John Paul III

stops at anchorage and gives a message of hope and

confidence to Alaska.

Soviet Premier Nikolai A. Tikhonov tells Soviet citizens to

work harder, promising them greater supplies of food and consumer goods in

return. The Soviet Union, he said, has entered a critical period of development in

which greater labor productivity and conservation of natural resources are

essential to continued economic growth.

President Reagan says he and British Prime Minister Margaret Thatcher agree

that a Soviet proposal for a U.S.-soviet summit conference “needs to be carefully

studied.”

The Federal Reserve Board, aiming to squeeze out inflation officially announces

a .5% reduction in the nation’s money and credit growth this year.

The names of two ore black youngsters are added to the list of slayings and

disappearances being investigated by a special police task force.

Police and FBI agents scour the city of Philadelphia in search of two laughing

motorists who snatched $1.2 million in cash that fell from the back of an armored

truck, the largest cash theft in Philadelphia history. The loot consisted of 12,000

used $100 bills which fell from the back of a Purolator Armored Inc. truck. The

Week of February 20, 1981

driver and guard, both in front of the truck, told police they did not realize the

back door had opened and the container had rolled out.

Chrysler Corp reports a loss of $1.71 billion last year - the largest annual net

loss in U.S. corporate history. The company this week receives a grant of $400

million in government loan guarantees.

The Spanish Parliament confirms Leopoldo Calvo Sotelo as the new prime

minister after the quick collapse of the first attempt to overthrow Spain’s young

democracy. He will be Spain’s third prime minister since the death of Gen.

Francisco Franco in 1975.

to the British throne and one of the

world’s most eligible bachelors is

this summer. The announcement ended

months of speculation about their

romance.

A financial disclosure statement filed with

the Office of Government ethics shows

President Reagan has a net worth

estimated at $4 million.

Huey Newton, co-founder of the Black

Panther party, punches a woman who had attacked his mother-in-law in the

Alameda County Courthouse. He’s there to be sentenced on a felony conviction

dating back to 1978. The sentencing was postponed.

John DeSanto (30) - files the first homosexual divorce suit in Pennsylvania

charging that his lover of 10 years owes him alimony for his role as “wife” in their

“marriage.” His lawyer said the divorce suit is based on a state law requiring

common law spouses to file for divorce and allowing those spouses to ask a

court to distribute their property. Desanto said that his lover threw him out of a

house they shared in November, so that a younger man could move in.

Sen. Robert Dole (R-Kan.) is operated for removal of a kidney stone at Walter

Reed Army Medical Center.

Prince Charles’ favorite horse falls to his knees while the prince had him out on

racing practice and the animal died moment later. Charles (32) is an avid

Week of February 20, 1981

amateur steeplechase racer and had been exercising the 11-year-old horse in

preparation for a race this week. A Buckingham Palace spokesman said the

prince was unhurt by “naturally very distressed at the death of his horse.”

Passing -

Aircraft pioneer Jack Northrop (95) - co-founder of three major aircraft

companies.

23rd annual Grammy Awards - some winners -

Best record - “Sailing” - Christopher Cross

Best album - “Sailing” - Christopher Cross

Best song - “Sailing” - Christopher Cross

Best male vocal pop - Kenny Loggins

Best female vocal pop - Better Midler

Best male vocal rock - Billy Joel

Best female vocal rock - Pat Benatar

Best R&B male vocal - George Benson

Week of February 20, 1981

Best R&B female vocal - Stephanie Mills

Best male vocal country -George Jones

Best female vocal country - Anne Murray.

$567,000 damages to a music company

because he “subconsciously” copied another

songwriter’s melody in composing the 1971 hit

“My Sweet Lord. U.S. district Judge Richard

Owen who made the ruling had also ruled in

August, 1976, that the former Beatle

Plagiarized the melody of composer John

Mack’s “He’s So Fine,” However, he

concluded at the time, “I don not believe he

did so deliberately.” The kicker is, he has to

pay Allen Klein, his former manager, whose

company bought the publishing rights for

$587,000 in 1978.

Entertainment news -

would be worth $800 million or $70 a share.

Actress Mackenzie Phillips (21) and her musician father, John Phillips are

undergoing treatment for drug addiction together after squandering their fortunes,

their careers and nearly their lives on heroin and cocaine. John Phillips, his wife

and now daughter are checked into the drug rehabilitation program at Fair Oaks

hospital n Summit, NJ.

Donahue’s program (broadcast

live in Chicago where it

originates) - Rita Jenrette

chatted about her future and

reminisced about her harrowing

past as a congressional wife with

Donahue. Who called in -her ex-

congressional husband, John

Henrette, The encounter was not

amicable as they argued about

children, money, furniture and

finally, about her posing semi-

nude in Playboy magazine. He

Week of February 20, 1981

was a fallout from the Abscam investigations.

Now that Disney is leaving NBC (after 20 years), CBS says it is looking forward

to an association with the company. CBS will air the Disney show beginning next

season.

In syndication - The Charlie Rose Show. Don’t miss it!

Passing - NBC News correspondent Tom Streithorst,

whose heart transplant two years ago was documented by

his network. He was 49.

At the movies -

Altered States

Popeye

Tess

Any Which Way You Can

The Jazz Singer

The Competition

Ordinary People

Bloody Valentine

Stir Crazy

Incredible Shrinking Woman

Week of February 20, 1981

Week of February 20, 1981

Week of February 20, 1981