Reagan Blasts Fed Control

i.JU-jL, ■ j.'U .ifi.-.L .'jât’.f .-.x .x.â. :sr:r r :'y'„ x : . J ^ a4 - MAN^CHESrftlt h e r a l d . Tues.. Feb. 9, 1982 Hay fells Rotary iThe trouble with AAHS teacher l#o look to future A G Carl A jello Ihot tub hostess ■ • i ... page 3 ... page 4 ... page 17 Partly sunny, Manchester, Conn. cold Thursday Wed.. Feb. 10, 1982 — See page 2 25 Cents Reagan blasts Fed control mark,ed by longer recessions and By Donald H. May Said Reagan, “ Unfortunately, the improve monetary policy, including - Reagan’s message came the same inflation. In fact, this is a main part setting money supply targets by law day Federal Reserve Chairman higher unemployment. United Press International high and volatile money growth of of Reagan's plan. But it criticized the past, and the high inflation and or constitutional amendment. Paul Volcker was reporting to the Fed for allowing the money Another long-range possibility, WASHINGTON - President high interest rates which accom The president said deficits .Congress the'Fed’s money targets supply to fluctuate too much from the report said, would be to pass a . Reagan today blamed the recession panied it, were instrumental in project^ in the 1983 budget'he sent for this year. In cdntrast to Reagan, the targets. law or constitutional amendment Congress .this week are Volcker has said deficits ap and other economic ills partly on the. bringing about the poor and highly It called for more “ cooperation" setting a rate for money growth or “ undesirably high” but they “ will proaching $100 billion could slow Federal Reserve and urged the uneven economic performance of between the administration, inflation and requiring the Fed to not jeopardize the economic recovery. The administration agency to control the money supply 1980 and 1981, culminating in a sharp Congress and the Fed. follow it. , more evenly. fall in output and a rise in un recovery.” projects a 1983 deficit of $91.5 In his annual economic message employment in the latter months of He said his economic policies billion. The report considered the idea of Congress made the Fed indepen to Congress, Reagan urged the in 1981.” “ are the appropriate response to our trying to control money growth by dent on the theory neither the dependent Fed to follow "a policy of Reagan’s Council of Economic curent difficulties and will provide ’The report made clear the ad tying it to gold. It said gold stan legislative nor executive branches gradual and less volatile reduction Advisers, in an accompanying the basis for a vigorous economic ministration supports the Fed-'s dards before World War I failed to could be trusted with the money in the growth of the money supply.” report, suggested several ways to recovery this year.” policy of slow money growth to fight end price fluctuations and were supply. Town has to use contractors Some snow won't work overtime By Paul Hendrie example, that if may be possible to Herald Reporter get away with sanding and salting the roads, but skipping the more The unwillingness of some town expensive plowing, when less than Bonner higher tar lookers affirm highway personnel to work overtime three or four in c h e s s n o w falls. during snowstorms has forced the Bu Weiss cautlonea that such a town into a heavier than necesimry cost, saving, practice; could cost the dependence on expensive outside town money in the long'Fun. ■' ‘ '*: contractors, new .Public Works “ One of the problems is to a t-- taste, ease of switch, Director George A. Kandra said in a Connecticut is a suft prone state,” report to the Board of Directors. said Weiss.. “ If someone is oir the “ Under our present operational highway'and stubs his'toe, we êt hit system, there is no assurance from with the suit. What you don’t pay in one snowstorm to the next that snow plowing, you may pay in law rostered personnel will be available suits.” MERIT Gear Choice The research results are on an overtime basis to man town- In his report, he said town'(. owned plow equipment;” wrote highway personnel, since he has overwhelming. InNewlbsts. Kandra. “ The maximum number of been on the job, has spent almost all town plows that can be dispatched at their time providing “ bare pave any one time, provided town per ment surfaces,” to the exclusion of New National Smoker In addition, extensive sonnel are willing to work overtime, all other work. is 21. KANDRA SAlp IN HIS report he Study provides solid unmarked-pack tests con “ Either we reduce the number of would minimize the use of outside plow routes to match the number of contractors. He said he already has employees available in a particular evidence that ‘Enriched firm that hffiR lT delivers eliminated the “ quick call” for out storm, or we utilize outside help.” side help in sanding and. salting and Kandra added, “ the never- that snow pick-up operations have Flavorl MERIT offers a a winning combination o f knowing-until-the-last-minute "- 11' been eliminated this year. In the Herald photo by Tarquinio problem of how many employees event of a major snowstorm, snow want to work overtime (means! the satisfying alternative to taste and low tar when com pick-up would have to be approved use of outside contract help by Weiss, said Kandra. Start this morning becomes paramount.” Slow higher tar cigarettes. pared against higher tar “ We do have certain in-house MAYOR STEPHEN T. PENNY GEORGE A. KANDRA policies and procedures that have been enforced oyer the years that Westbound traffic was slowed down a bit Manchester developed when a car skidded leaders. said he was unhappy with the “ in ... personnel avoiding Overtime MERITTaste timation that some employees are should be quesetioned- and perhaps bbout 7 a.m. today on Interstate 86 near Exit and hit the guardrail west of this area. not presenting themselves to wbrk changed in light of today’s standard 91. The long line stringing back toward ^ a rk s Switch. Confirmed:The over overtime during snowstorms.” He asked to look further into ways ot and expect^ levels of service,” .1 ’ ■ told Kandra and General Manager cutting the reliance on contractors. wrote itondra. Nationwide survey reveals whelming majority reported Robert B. Weiss that the board ^11 He told the board Manchester Weiss noted that the niajor reason support efforts to change the situa may do a more thorough job of snow the town ran out of snow clearance tion through collective bargaining. clearance than necessary, thereby money early this year was the over 90% of MERIT smokers M ER IT taste e q u ^ to—or The board allocated $18,000, so the driving op the cost. severe winter. Gengras town can continue snow clearance “ From what I have observed, you He .'said, when a budget was who switched from higher better than—leading higher operations using private contractors do more than, some communities prepared, a hard winter was not an through this winter.- But Kandra was do,’’ said Kandra. He said, for ticipated. tar are glad they did. In fact, tar brands. ing a ‘bad deal' 94% d o n t even miss their Cdn/trmed’W h en tar Hdig praises former brands. levels were revealed, 2 out of By Jaipes V. Healion AND WHILE GENGRAS is But he says Hartford’s robust united P re s s mtSrnational talking, Hartford National Chair rival, the larger Hartford-based Further Evidence: 9 out 3 chose the MERIT combina man Robert L. Newell is not — at Connecticut Bank and Trust Co., got WEST HARTFORD — E. Qayton least for public consumption. into the act and pushed the bidding NATO's unity Gdngras'' usually tries to reach “ I can’t say very much. The deci from $41 million to $56 million. of 10 former higher tar tion of low tar and good agreement through a meeting of the sion has not been handed down by Hartford's Newell upped the ante by minds. If pressed, he’ll call on “ the the court. We always felt our deal is $1 million. smokers report MERIT an taste. dear Lord and 16 policemen.” a fair one for our shareholders and I CBT’s chairman, Walter J, Con over Poland He biasn’t called on the almlght or still feel that way very strongly. nolly Jr., folded his hand and turned the cops yet, but be has gone to That’s all I can say. I don’t think I his attention to acquiring State easy switch, that they d id n’t Year after year, in study court to persuade a federal judge should make any other comment,” National Bank, -the state’s flfth- MADRID, Spain (UPI) — Secretary of State the Hartford National Corp.’s Newell said. largest bank. after study, MERIT remains A le x i^ e r Haig praised a “ very clear and full Western acquistion of the Bridgeport-based Gengras wants the judge to undo give up taste in switching, ONE OF THE REASONS there unity” to ^ y and said the NA’TO allies were never more Connecticut National Bank is net in the Hartford meeting that led to the is such a drumbeat of change in the united than they are against military rule in Poland. the beet interests of Hartford’s vote and the vote itself approving unbeaten. The proven taste ordinarily quiet New England and that MERIT is the best At an airport news conference before leaving for Por -shareholders. the merger. And he wants Hartford GSngras is Hartford’s largest to revise the merger material sent tugal and subsequently Morocco and Romania, Haig - Please turn to page 12 tasting low tar they’ve ever alternative to higher tar denied there are differences within the Western alliance shareholder with 6.3 percent of its ;lts shareholders.

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