Word: peoria
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...pointing. Democrats blame the recession on Ronald Reagan. He retorts that it is the inevitable consequence of years of Democratic tax-and-spend policies that he is slowly correcting. "I didn't cause this recession," Reagan last week told a rally of several thousand Republicans in economically distressed Peoria...
...President went to Peoria and the prairies of Illinois last week to urge voters there, and across the nation, to "stay the course," to stick with the economic program that has become the focus of Campaign '82. Of course, Reagan himself is not on the ballot. The election is a typical mid-term medley of House, Senate and Governors' races, each with its own mix of personalities and local concerns. But Reagan is on the road, both as a campaigner and a cause, because the unspoken issue in race after race is the economic program that...
National policies rarely determine the outcome of many individual mid-term elections. But unemployment has now become a local issue as depressed communities and neighborhoods are increasingly shaken by the epidemic of layoffs and business failures. Nowhere is that concern more evident than in that symbol of heartland America, Peoria (pop. 124,000, unemployment rate 16.5%) where the Pabst brewery earlier this year locked its gates, the Caterpillar Tractor Co. plant has laid off 8,000 workers over the past two years, and House Minority Leader Robert Michel, who faithfully shepherded the Reaganomics revolution through Congress, is having a substantially...
...what is Ronald Reagan doing wandering through the unemployed ranks in Peoria? wonders Busby. If there was ever an old and tested rule of the mid-term election, it goes this way: Keep the President at home. Since his party always loses in the off year, the more he campaigns, the more of an issue he becomes...
Nonetheless, many individual investors continue to wait on the sidelines. Some are even taking advantage of the high prices to sell shares. Says William Rajsky, a Merrill Lynch account executive in Peoria, III.: "This is not the usual market. The little guys aren't buying, they're selling." Fred Fraenkel, director of investment strategy for E.F. Hutton, who analyzes the habits of his firm's 850,000 customers, agrees. Says he: "So far the buying orders have come almost exclusively from institutional and foreign investors. The cash customer, on the other hand, has been a net seller...