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Publication: European Stars and Stripes Friday, February 13, 1981

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   European Stars And Stripes (Newspaper) - February 13, 1981, Darmstadt, Hesse                                February 1981 the stars and stripes Page 5 Reagan aides raise forecast on inflation Washington a the administration of president less optimistic than it was a week is forecasting that inflation will go up about 11 percent this then moderate to an increase of roughly percent in sources said these who asked not to be identified by added that administration economists say a technical recession is possible later this with Only slight growth in 1982 before the Economy turns upward sharply in officials from the office of management and Council of economic advisers and Treasury department outlined the administrations economic forecasts tuesday night at a private briefing for top Republican aides in the forecasts Are based on a number of including congressional approval for big cuts in the Federal budget and enactment of a three year income tax Cut of 100 percent a sources slight Rise in jobless a source said the administration expects a slight increase in unemployment this year and an improvement in joblessness next the this source would be unemployment at the end of 1982 of about what it is or the administrations forecasts Are expected to be published officially when Reagan makes his speech on the Economy next week to a joint session of sources said the administrations inflation forecasts break Down this Way an increase of about 11 percent for the current Calendar Down from More than 12 percent last future rises of about percent in in 1983 and percent in those estimates Are less optimistic than an earlier set of predictions that forecast inflation falling off to percent in 1983 and As Low As 3 percent in at the same they Are More in line with the generally More cautious predictions made by Many private in another a source said the administration is forecasting Little or no real growth this year and is expecting the econ omy to grow by about one or two percent in Sinatra wins tentative of to return to casinos of time Las up Frank is denying Long alleged mob ties and boasting president Regan As a character wednesday was tentatively granted a comeback into Nevada gambling after a 17year i am Sinatra told reporters As he left the meeting of the Nevada gaming Board surrounded by bodyguards and Secu Rity the three member Board voted unanimously to give Sinatra a six month License to be an entertainment and Public relations consultant at Caesars Palace hotel in Las the state gaming commission will consider the recommendation 19 and make a final the six month if approved by the five member can be made per manent if no hitches the 65yearold Singer told the Board during the six hour hearing reports that his career had been aided by organized crime were he said he was not sure whether he had Ever performed at night clubs owned by i could never prove that to Sinatra maybe some came to those there was always i never knew of my own personal and that where we get Back to the picture Sinatra was referring to a highly publicized picture showing him with a group of known crime i have my picture taken with three men from Hong Kong at Caesars pal Sinatra in not about to ask for a Shittum test that would Embarrass every Sinatra lost his gambling License in 1963 when reputed Chicago mob figure Sam who had been blacklisted by Nevada gaming was a guest at the singers Cal Neva Lodge in Lake Richard chairman of the control said after the hearing that in the gaming we Are not going to have a group of in not suggesting Sinatra is a he but in the areas we have investigated we have not found a reason to deny the in tired of hearing that whatever happens in Nevada is actors Kirk Douglas and Gregory Peck and los Angeles county sheriff Peter Pitchess testified during the hearing in Sinatra if Sinatra is a member of the a i am the Pitchess i am completely satisfied that Frank Sinatra on Way to Board hearing entertainer Frank Sinatra at right a City Hall to attend a Board hearing on Rives under heavy Security at Las vegas his request for a gaming a is not a member of organized the Syndicate or the before the proceeding a bomb squad swept the hearing there was no explanation for the sweep but it came Only a few hours after a disastrous fire killed eight people at the Las vegas Hilton Richard chairman of the Nevada gaming questioned Sinatra about a 1963 incident at the singers Cal Neva Lodge in Lake Tahoe where Giancana was wined and Giancana had been blacklisted by Nevada gaming regulators and a Licensee cat ering to him automatically placed his License in Energy Secretary in the stars and stripes 30 years ago today 1951 the Federal communications commission has decided to hold an open hearing to find out if television is hurting the Public interest by allowing plunging necklines and double meaning 20 years ago today 1961 a los Angeles Man was granted a divorce because his caused him chronic i had Good reason to stay said James my wife said one night i would go to sleep and the next morning Only my body would get up my head would still be on the to years ago today 1971 the army said it is trying to develop a radar that can see through Brick Walls and locate hiding snip ers As a Rio control air fares in to soar As much As 10 percent new York a air fares will jump by up to 10 percent within say airline which have been plagued by rising fuel As a the airlines suffered their worst financial year in history last when the Cost of air travel Between cities Rose an average of about 30 on several major Cit ing higher Jet fuel notified the civil aeronautics Board of plans to raise fares by As much As 5 percent on Domestic most said they did not plan to raise All fares by the full 5 and said some fares will not Rise at cab approval is not needed because the Board previously had authorized a change in the Domestic air fare Structure to help carriers offset the rising Cost of Delta air lines spokesman Bill Berry said the airlines average Cost of a gallon of Jet fuel has jumped from 86 cents to cents since each additional Penny per gallon adds an estimated million to deltas yearly fuel he last the cab had raised the or fare level percent for Domestic because most airlines fares were already below that maximum they now Are Able to raise their prices by More than whose fares on All routes were be Low the maximum asked the Board for approval to raise its fares 5 percent on All effective on some Delta is going to implement a fare increase that it previously had been but had not As a fares on those routes will jump As much As for other the fare increases will be less fares on some routes will Rise As much As 5 while others will climb by smaller and some fares will remain the depending on competitive officials Gas Price hikes Washington a Energy Secre tary James Edwards conceded tuesday that the american people May have been mis led by his prediction that Gas prices would probably Rise Only 3 to 5 cents per gallon because of the immediate decontrol of Edwards said he was somewhat sur prised by the increases Many refiners imposed almost immediately after president Reagan announced the total decontrol of Petroleum products Many Oil companies announced Price in creases that exceeded Edwards prediction and Industry analysts say wholesale gasoline costs have risen about 10 cents since Decon Edwards said he understood about one third of the increased Cost was the Tail end of Price increases imposed in december by the organization of Petroleum exporting countries but he said probably no one would Ever know How much of the increase was due to open hikes and How much to i was concerned about it sudden in creases and we talked about it at the White Edwards  
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