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Friday January 2, 1981
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This Day In 1970's History: Friday January 2, 1981
  • The latest American proposals for freeing the hostages were brought to Teheran by the Algerian intermediaries after four days of talks in Washington. The United States and Iran appear to have reached general agreement on the conditions for the hostages' freedom. The American terms reportedly call for the deposit of $5 billion to $6 billion in Iranian frozen assets -- the amount relatively unencumbered by lawsuits in the United States -- in the Algerian Central Bank. [New York Times]

  • Prime lending rates were cut back by banks throughout the country to 20½ percent from a record 21½ percent. Economists and bankers said the reduction could be followed by a gradual decline in loan charges. [New York Times]

  • The Republican Party wants to be sure it benefits from the 1980 census figures when the congressional and legislative redistricting battles are fought in the 50 state capitals this year. Recent Republican gains in state legislatures and governorships are expected to give the party greater influence on how the maps are drawn. [New York Times]

  • The government will probably appeal the ruling of a federal judge in Kansas Wednesday that its detention of a Cuban refugee at a maximum-security prison was unlawful, officials said, Meanwhile, they said, other alternatives were being considered, The decision of the Kansas judge could affect about 1,800 detainees. [New York Times]

  • Stringent new anti-pollution rules requiring iron and steel producers to reduce substantially their toxic discharges in waterways have been proposed by the Environmental Protection Agency. The agency is also proposing new rules for controlling acidic water and other wastes from coal mines and coal-cleaning plants. [New York Times]
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