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Tuesday November 10, 1981
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This Day In 1970's History: Tuesday November 10, 1981
  • The gloomiest economic assessment to date was made by President Reagan at his news conference. He agreed that "we're going to have some hard times ahead for the next few months," but he predicted a rebound from the recession in the spring, or early summer at the latest. Mr. Reagan also said he would defer until next year a proposal he made six weeks ago to reduce federal benefit programs. [New York Times]

  • Prices at various stages of production ebbed again in October, according to the Labor Department. It said the Producer Price Index for finished goods, ready for sale to consumers, rose six-tenths of 1 percent. [New York Times]

  • A finding involving William J. Casey was rescinded by a federal judge in Manhattan. He said that Mr. Casey, now the Director of Central Intelligence, had provided new information about his earlier role in a farming company involved in an investor dispute and that, as a result, he was withdrawing his conclusion that Mr. Casey had knowingly taken part in a financial offering that "omitted and misrepresented facts." [New York Times]

  • An effort to oust Hyman Rickover as the Navy's chief nuclear officer is being fought by Representative Samuel Stratton and Senator Henry Jackson, who are seeking support from other legislators to retain the 81-year-old admiral. [New York Times]

  • Space officials began the countdown for the second flight of the space shuttle Columbia, and the two astronauts returned to Cape Canaveral, Fla., to prepare for the launching that is now scheduled for Thursday morning. All preparations were said to be proceeding smoothly. [New York Times]
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