Week of July 8, 1983
The Reagan Administration asks Congress to give banks and S&L’s new powers
including the right to sell insurance, offer mutual funds and act as real estate
brokers and developers.
Chrysler Corp has recovered enough from its financial woes to pay off the last
$800 million of $1.2 billion in federally guaranteed loans seven years early
reports Chairman Lee Iacocca.
A major power blackout hits the whole island of Oahu as five major circuits
serving the island failed.
The nation’s unemployment rate dips to 10% - the lowest in 10 months.
11-year-old Samantha Smith
who wrote
a letter to Soviet President Yuri V.
Andropov because of her concern about
the possibility of nuclear war, arrives in
Russia with her parents by invitation of the
Soviet government. Samantha said she felt
“great” about fulfilling her dream of
traveling to the Soviet Union but said there
are no firm plans for meeting the ailing
Andropov.
President Reagan says he will take
“whatever action should be taken” - including firing members of his staff - if the
Justice Department finds “any evidence of wrongdoing” in its investigation of
political espionage during his 1980 presidential campaign.
Old Pictures of Nancy Reagan uncovered - People Magazine says in this week’s
issue that it had shown pictures found at a flea market 10 years ago, to relatives
of Kenneth Robbins, who was the First Lady’s natural father. He confirmed they
were authentic pictures of a very young Nancy Davis.
Broadway actress Julie Ridge swims two laps round Manhattan. “I’m fine. Now, I
think I will go and take a bath.”
Lorraine Downes of New Zealand is crowned Miss Universe of 1983.
