Japanese factory owner faces oil crisis and rising costs
Tokyo businessman Hidekazu Tanaka runs a plastic antenna parts plant with four workers. He warns oil shortages lift material costs and shorten payment terms, risking bankruptcy if Arab oil cuts continue. He notes government pressure on Israel and Japan’s shift in oil diplomacy as prices rise and supplies tighten.
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Northwood Grants Christmas Credit for All City Electric Bills
Northwood City Council offers residents a free electricity gift with at least a $25 credit on bills due January 1. City Auditor Allan Kwain notes most consumers will see reductions as the town of about 1,200 uses a city plant. estimated total deduction runs between $7,000 and $8,000 with 800 buildings served.
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