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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Mar 01, 1978
Page
4
The dollar slid below two West German marks in early Frankfurt interbank trading as gold surged to a three year high around $184 an ounce in London. The currency fetched about 1.9930 marks in morning dealings, down from 2.0326 on Tuesday.
Californians living with two years of drought faced more rain and snow as a rainy pattern persisted for the week. The National Weather Service warned of ongoing storms and issued flood advisories and evacuations for crumbling hillside neighborhoods. Downtown Los Angeles logged nearly two inches of rain with three inches in adjacent mountains as the system extended into Arizona and New Mexico and threatened central and southwest Arizona.
Washington AP reports indicate a 28 percent higher cancer rate among people who witnessed nuclear atmospheric tests. Defense Nuclear Agency data show 277 cancer cases among 13,460 callers, equating to about 2,052 per 100,000, versus 1,600 normal for ages 40 to 44. Researcher notes definite increased risk.
G William Miller moves toward swift Senate approval as chairman of the Federal Reserve Board after investigators found no evidence of improper conduct in his firm's helicopter sales to Textron's Ivan Miller. The probe into Textron's business practices will not derail his nomination. He told the Senate Banking Committee that calls to withdraw are irresponsible despite SEC scrutiny.
In Managua opposition leaders led a general strike against Anastasio Somoza’s regime. About 1,200 construction workers walked out of a government housing project with 800 more expected to stay home amid protests over alleged guard brutality.
New York AP reports a study by David Caplovitz of CUNY showing more than a third of US families reduced living standards to cope with inflation and recession. The report covers 1,982 people in New York Atlanta San Francisco and Detroit interviewed in May and June 1976, with poor and retired overrepresented.
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