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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
May 01, 1979
Page
13
The Associated Press market basket survey found April price rises led by meat with eight of thirteen cities up an average 2.4 percent. Pork showed mixed moves while beef prices rose in most markets, and overall May comparisons show a 10.3 percent year over year increase.
The House Commerce Committee faces a pivotal meeting after President Carter urged approval of a standby gasoline rationing plan. Rep. John Dingell warns a reversal is likely as the panel reconsiders its 22-20 vote amid liberal efforts to block oil price decontrol set for June 1.
President Carter warned that Soviet violation of the nuclear arms limit treaty could escalate to a nuclear confrontation. He cited possible U.S. treaty nullification and damage to U S ties as potential consequences while defending the nearly completed pact on bombers and intercontinental missiles.
Sears Roebuck and Co reduces spring and summer 1979 General Catalog prices by 5 percent starting today to align with President Carter anti inflation guidelines. The move follows a Washington meeting with the Council on Wage and Price Stability. Catalog sales reached about 20 percent of Sears 18 billion in gross sales last year. 866 stores and nearly 3 000 catalog outlets nationwide. The company expects no known impact on last year's 922 million net income.
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