Week of October 1, 1982
A sixth Tylenol poisoning victim dies in Chicago.
The democratic-controlled House rejects a White House backed constitutional
amendment to require a balanced budget, handing President Reagan a defeat.
More poison Tylenol is found in California - the first such discovery outside the
Chicago area.
Howard Johnson’s has agreed to pay more than $5 million in back wages to
5,000 employees nationwide in one of the largest settlements of its kind. It ends
a lawsuit that accused Howard Johnson’s with violating overtime pay provisions.
Washington - President Reagan tells a Republican congressman (Gary Arnold of
CA) to “shut up” after the President was accused of deserting the political right.
President Reagan
, bracing for bad news on
unemployment, told a Republican political rally
that critics of his policies should “join us in
correcting the ills of the economy rather than
carping about it.”
In Ohio - President Reagan blames America’s
economic woes on “pipe dreamers” in
Washington and promised “the days of national
malaise” are over.
Inflation down - Treasury Secretary Donald T.
Regan says “consumer price inflation through
the first eight months of this year is running at a
5.1% annual rate and the rate for the year as a
whole could approach the 4.8% increase posted in 1976.
Stocks rise after prime interest rates are cut by 1%. The Dow Jones index rose
37.07 points.
Richard M. Nixon says in his new book “Leaders,” that a leader is a complex
stew and the ingredients include egotism, ruthlessness and knowing when you
have overstayed your welcome.
Technology -
