This Day In 1970's History: Friday January 23, 1981
- A reunion of the freed hostages and their families is planned for Sunday at West Point. The families are expected to begin gathering in the Washington area on Saturday. They will be flown to Stewart Airport near Newburgh, N.Y., where they will meet the hostages. From there all will go to the Thayer Hotel at the United States Military Academy for two days before going to Washington for a round of welcoming events. [New York Times]
- Channels to seek Iranian compensation will be available to nearly every United States company and individual alleging claims for damages to them resulting from the Iranian revolution, a State Department lawyer assured lawyers for claimants at meeting in Manhattan. [New York Times]
- A sharp rise in consumer prices continued in December. The Bureau of Labor Statistics reported that the Consumer Price Index rose by 1.1 percent and that the increase for all of 1980, which was the second consecutive year since World War I in which double-digit inflation rate was recorded, was 12.4 percent. The increase in 1979 was 13.3 percent. [New York Times]
- Coal is in short supply in the Northeast as homeowners switch because of the high cost of fuel oil, natural gas and even wood. In the past year from 100,000 to 300,000 coal systems have been purchased, according to Jerry Pell, director of the Department of Energy's anthracite division. Meanwhile, the price of coal soars with the increased demand. [New York Times]
- The nation's economic problems were discussed by President Reagan with Paul Volcker, the Federal Reserve chairman, whose monetary policies he has often criticized. Mr. Reagan announced his intention to appoint Murray Weidenbaum, an economics professor at Washington University in St. Louis, as chairman of his Council of Economic Advisers. The appointment is subject to Senate confirmation. Mr. Weidenbaum, who was also at the White House with Mr. Volcker, expressed full support for the Kemp-Roth tax-cut proposal. [New York Times]
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