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Baltimore Colts-16 Dallas Cowboys- 13. One of the greatest economic events of the year raising over 1,000,000 dollars.
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20% increase to social security signed into law.
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10% devaluation of the U.S. dollar announced.
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Stock market requirments cut from 65% to 50%
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Federal reserve discount cut from 7-3/4% to 7-1/4 percent.
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Prime rate lowered to 7%.
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Union Miner workers strike until march 3rd of next year.
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Minimum wage increased to 2.65 an hour.
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Minimum wage increases to 2.90 dollars per hour.
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FHA mortgage raised to 14%
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Ronald Regan Inagurated as 40th president.
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U.S. unemployment rate reaches 9.4%
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The Washington Public Power Supply System defaulted on $2.25 billion in bonds, creating the largest municipal default in U.S. history.
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Maximum rate on VA loans rasied from 12-1/2 to 13 percent.
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Conventional mortgage rates fell to 12.03 percent average--the lowest since October 1979.
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Dow Jones Industrials close above 1700 for the first time.
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U.S. dollar falls to post WW II low--148.5 yen to the dollar.
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California's minimum wage raised from $3.35 to $4.25.
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Most major banks cut prime rate to 10-1/2 percent.
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California gasoline and diesel fuel tax increase of 5 cents per gallon