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...trade chumminess came too late for Caterpillar, the big Illinois maker of earth-moving equipment; it sent no top executive from Peoria but was represented instead by Paul Smith, the company's man in Moscow. During the period of the Reagan halt on U.S. supplies for the Soviet natural gas pipeline, Caterpillar lost a $90 million sale of 200 large pipelayers, mainly to Japan's Komatsu...

Author: /time Magazine | Title: Trade Trip | 12/6/1982 | See Source »

...Bishops' Competence. Numerous critics argue that writing detailed prescriptions on nuclear strategy is simply beyond the bishops' scope of knowledge. At least one bishop is inclined to agree. Peoria's Edward O'Rourke, 65, thinks the clergy are experts on moral principles, but not always on how to apply them: "I'm not confident we bishops have the ability to tell the President of the U.S. how to get the world out of the dangerous position in which it finds itself. If I were that wise, I wouldn't be sitting here...

Author: /time Magazine | Title: Bishops and the Bomb | 11/29/1982 | See Source »

...years, Republican Congressman Robert Michel has played well in Peoria, the Everytown of American politics. He has become an institution there, much like the local Caterpillar Tractor plant. But along with much of the nation, Peoria (pop. 124,000) has suffered the ravages of recession and unemployment. Caterpillar has laid off 8,000 employees, and joblessness has hovered at 16%, the highest rate since the Depression. So for the House Republican leader, who shepherded President Reagan's budget and tax cuts through Congress, the overriding national issue of the 1982 campaign, the economy, was a local issue?and a survival...

Author: /time Magazine | Title: Election '82: Trimming the Sails | 11/15/1982 | See Source »

Congressional elections tend to be a parochial mixture of personalities and local concerns, and are usually not settled by national issues. But to a large extent the national recession came home to America, like it did to Peoria, as a local issue this year. This was particularly evident in Michigan, where the 16.1% unemployment rate is the highest in the nation. In Pontiac, where the devastated auto industry has created a whopping 31.7% unemployment rate, former Democratic Congressman Robert Carr handily won a rematch against the Republican who upset him in 1980, Jim Dunn. "Of course this was a referendum...

Author: /time Magazine | Title: Election '82: Trimming the Sails | 11/15/1982 | See Source »

...LAUGHING MATTER. President Reagan came to Peoria last week bearing gifts: a significant reduction in federal loan rates for farmers and an extension of credits to spur agricultural exports. The occasion was an all-star rally for 13-term incumbent Republican Congressman Robert Michel, 59. In the 18th Congressional District race in central Illinois, originally expected to be a laugher for Michel, who is the House minority leader, Democratic Newcomer G. Douglas Stephens, 31, a lawyer, is coming on strong. He has been effective at mining the discontent of the hard-hit farm and factory constituency. He has linked Michel...

Author: /time Magazine | Title: For the House | 11/1/1982 | See Source »

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