Image provided by: University of Oregon Libraries; Eugene, OR
About Oregon daily emerald. (Eugene, Or.) 1920-2012 | View Entire Issue (May 29, 1981)
Reagan blasts Wall Street, lauds Coolidge WASHINGTON (AP) - Pres Reagan, whose treasury secretary was chairman of the largest Wall Street investment firm, said Thursday he never found the na tion’s financial center "a source of good economic advice." On the other hand, the president sang high praise for Calvin Coolidge, whose presidency ended seven months before the great stock market collapse at the start of the Great Depression, and said he has taken heed of Coolidge’s work The president’s comments occurred during a brief question-and-answer ses sion with state and local officials brought to Washington for a pep talk on his economic program. Asked why some members of the fin ancial community, typified by Wall Street, were resisting his program because they felt it was inflationary, Reagan said: “I have never found Wall Street a source of good economic advice.” “You hear a lot of jokes every once in a while about Silent Cal Coolidge,’” the president said in his comments at the start of the program. "The joke is on the people who make the jokes." "Look at his record,” Reagan said. "He cut the taxes four times. We had probably the greatest growth and pros perity that we’ve ever known.” "I have taken heed of that,” Reagan said, "because if he did that by doing nothing, maybe that’s the answer.” Reagan said that each of Coolidge's tax cuts "resulted in more revenues for the government because of the in creased prosperity of the country.” Cultural Forum Presents THE ELEVENTH ANNUAL Willamette Valley Folk Festival May 29, 30, 31 EMU East Lawn (EMU Ballroom if it rains) SCHEDULE OF I VIM S 1 1 null A 1 , 31 A 1 1 2:00 Small Change 1 2:45 I hi1 Martian Twins 1:20 I he C oconuts, («rcg and Jcrc Canute 2:10 Deal Peter and Bottleneck Slim 2:50 Maple Trio 5:40 Karen and Michael Bristow 4:20 Smokcv Valles 00 Beet (iarden with Boden and Xanetto, ]020\ ].,// 5:00 Cajun Dance, with !)cwc\ Balia and Mare Savoy, I ron) I ouisiana. I ..Ml Ballroom 8ATTRDAY, MAY JO 1 1:50 Ragtime Millionaires 12: 1a I.tick Counts Bush Batul 1.00 I'iddlin l.arl \\ 1111 s and I he lloedoss nets 145 I he Bias ing Possums 2:50 Boh Wilson 5:00 McKenzie Bridge 5:4a dreg Fie lds and John llieks 4:50 Dewey Balfa and Mare Savoy, Louisiana Cajun Mi 5:00 Square Dance w ith Sands Bradlev, The Coconuts and The Skinner Cits Cloggers. \|| slanees taught. Beginners, singles welcomed. _S2.00 admission I Ml Ballroom. Sl'XDAY. MAY 11 1 1 50 I .ip Scrs ice 1 2:20 Beggars' Rose 1:10 Boh Childs and Band 1 50 Ssseetgrass 2:20 Just I riends 5:10 Spencer Creek Drifters 5:50 Carols ne and David Specht 4:50 \ alles Cotillion :00 Contra Dance with Dudles I .auf man, dancing master and musician from Canterhurv, New Hampshire. K.Ml Ballroom. i sic OF SPECIAL INTEREST: Till RSI)AY. MAY 28 V0() I ICC !oik Music Kilms 150 ( >Coiog\ WORKSHOPS 12:00 New Kngland Contras 1 )ance Band Workshop with I)udlc\ I autman. dance caller and musician front Canterbury, New Hampshire. I lad's Room, I Ml 1:00 Buck Dancing with David Reich. I)ad’s Room, I Ml 2:00 Southern Appalachian I riddling with Sam Jones 200 Vries Rooms, 1 Ml WORKSHOPS 12:00 Caller's W orkshop and W estern Squares with Sandy Bradley. Country Dances for Children and Teachers with Dudley i.aufman. Room 167, KMl 2:00 Dulcimer with Mark Nelson Backup guitar for Beginners with And\ Murd/ek. 2(H) Series Rooms, I Ml 2:00 New Kngland Kiddle with Boh C hilds 200 Series Rooms, I .Ml 2:20 Autoharp with Sara John Ryder 200 Series Rooms, KMl’ State tightens law against racketeering SALEM (AP) — The Senate passed a bill Thursday that would beef up laws against or ganized crime and turn over to the state racketeering profits. Sen. Jan Wyers, D-Portland, said the bill requested by Attor ney General Dave Frohnmayer is a major change in criminal laws and rewrites the definition of organized crime. He said the measure — SB531 — allows victims of organized crime to seek three times the actual damages suffered plus punitive damages when appro priate. Wyers said the bill also provides that all property in cluding money used for or der ived from organized criminal activities may be forfeited to the state. The public will have a better idea of what the state Judicial Fitness Commission does under another bill passed by the Sen ate and sent to the House for action. The measure — SB873 — makes commission meetings and hearings on judicial con duct subject to the public meet ings law. Certain records received prior to hearings would remain exempt. “This may be the only state agency that is not subject to the Oregon Open Meetings Law,” said Sen. Dell Isham, D-Lincoln City. “I believe the citizens have a right to know how their funds are being spent and the right to know the qualifications of judges when those qualifica tions come into question.” He said the Judicial Fitness Commission may be doing a good job but it’s hard for the public to know “because so much of what they do is shrouded in secrecy.” The Senate earlier this month approved a bill to technically allow the already existing prac tice of selling drinks on airlines. A resolution adopted Thursday is a companion measure which asks voters to amend the state constitution to allow the licens ing of airlines to sell alcohol. Sen. Keith Burbidge, D-Salem, opposed the original bill and its companion resolu tion saying they are a step toward liberalizing liquor laws in Oregon Sen. Tony Meeker, R-Amity, said t e measure would allow the sate to collect revenue for an activity that already takes place But Burbidge replied: “It's filthy lucre you’re getting here.” Other measures passed by the Senate and requiring House votes would increase the penal ty for discrimination against a blind person because of a dog guide and abolish the Depart ment of Commerce’s consumer division in order to create a Consumer Protection and Ser vices Division within the Department of Justice.
