February 14, 1982 – Violence In El Salvador – Rescue In The North Atlantic – The Subject Was Interest Rates
February 14, 1982 – CBS Radio News – Gordon Skene Sound Collection –
February 14, 1982 – News that fighting in El Salvador was heating up again came with word that a battle between Leftist Rebel forces and government troops was taking place outside the province of San Vicente, El Salvador. Fighting had been going on since dawn, when rebels attacked a government garrison in the town of San Sebastien, overwhelming the small force of National Guard, killing a sergeant early on. It wasn’t until mid-day that reinforcements were finally brought that they were able to get the upper hand, moving into the center of town, where some guerrillas were still putting up resistance. There were a number of casualties, with at least four dead and thirteen wounded during the fighting. Eventually the guerrillas withdrew from the town, leaving the National Guard once again in control, but for how long was anyone’s guess.
A rescue operation was underway in the North Atlantic where a drilling rig owned by Mobil Oil was in danger of falling into the sea along with 34 crew members. The rig was listing heavily due to a storm that was whipping through the area. A lifeboat and two supply ships were on route to the scene which was just under 200 miles east of St. Johns Newfoundland. Two helicopters were also preparing to take part in the rescue operation, and were leaving St. Johns in the hopes of lifting some of the crew members off the rig to safety.
And Federal Reserve Board Chairman Paul Volcker continued to insist that an increase in the nation’s money supply was not the way to bring down interest rates. Volcker said such an expansion would only hamper the fight against inflation which he considered crucial in the battle against high interest charges.
And that’s a little of what went on, this February 14, 1982 as reported by CBS Radio News On The Hour.
As you know, we’ve suspended indefinitely our ads in order to make Past Daily a better experience for you without all the distractions and pop-ups. Because of that, we’re relying more on your support through Patreon to keep us up and running every day. For as little as $5.00 a month you can make a huge difference as well as be able to download all of our posts for free (news, history, music). You’ll see a banner just below. Click on that and become a subscriber – it’s easy, painless and does a world of good.