Word: tractor
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...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...
Members of the group, which maintains offices in New York and Moscow, have been battered by both the recession and trade sanctions. A French subsidiary of one member, Dresser Industries, was penalized for delivering giant compressors for the Euro-Soviet pipeline. Caterpillar Tractor Co., another member, lost millions of dollars in orders...
...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 more difficult race than he might have expected. "Jobs, jobs, jobs," says Democrat G. Douglas Stephens, who is running...
...18th Congressional District in central Illinois. Now Peoria seems to be having its doubts. Long a pocket of prosperity in America's heartland, the region is reeling from depressed farm prices and 16% unemployment. The Pabst brewery and the Hiram Walker distillery have left town, and giant Caterpillar Tractor alone has laid off 8,000 workers. So Michel, 59, the House minority leader and President Reagan's high-profile point man on Capitol Hill, is in an unexpectedly tight race with a relative unknown, Democrat G. Douglas Stephens. Michel has paraded through town on an elephant, courted Kiwanis...
Fulton sold his tractor and picker to pay his $70,000 short-term debt, and now covers most of the farm's mortgage payments by renting out his land. Even though he has gone to work as a sheriffs deputy, Fulton still thinks of himself as a farmer. "I might have made it one more year, but instead of losing just the equipment, I could have lost the land itself...