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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Dec 30, 1977
Page
12
The Cooperati Indiana Grain Meeting Set in Indianapolis. The state's top highway engineers scheduled a meeting on January 5 to assess the impact of recent severe snows, said Highway Commission Chairman James Gardner.
The dollar weakened in European markets after President Carter replaced Arthur Burns with G William Miller as Fed chairman. Traders noted uncertainty about Miller while gold prices rose in Zurich and London. The pound surged briefly to 1 9135 dollars before easing, and Paris traders warned of shifts in U S monetary policy as Burns left his post.
W L Neal 51, who staged a lone protest on the State house steps against high utility rates, was hospitalized at Baptist Hospital in Columbia for exposure after a prolonged fast. He planned to speak after his 24 hour stay as the case drew national attention.
Washington AP report cites unpublished government analysis showing current pension costs are underestimated by billions annually. It notes workers contribute less than one sixth of benefits, while the government pays about half, with inflation adjustments driving future costs higher.
The Arab world from Cairo to Beirut criticized U S President Carter's backing of Israel's peace plan. Sadat said he was disappointed and embarrassed by Carter while Israel's Netanyahu? Begin welcomed the plan, calling it a positive step. A Netanya bombing killed two, wounded two, with a Popular Democratic Front claiming responsibility.
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