France Plans Sweeping Belt Tightening to Curb Inflation
Paris sources report President Valery Giscard d Estaing convened his cabinet to approve a broad belt tightening aimed at cutting inflation and trimming France’s balance of payments deficit. Premier Chirac said measures include higher taxes targeted at upper brackets and firms, phased in, plus limits on imported oil use and fuel price increases. Government seeks to curb oil imports and slow inflation of 15 to 18 percent while maintaining growth, with new export facilities and welfare promises to be funded by tax revenue.
MENTIONED IN THIS ARTICLE
Paris
UPI
Valery Giscard d’Estaing
France
Jacques Chirac
Giscard d’Estaing
Convicted Killer Surrenders After 31-Hour Jamaica Siege
Floyd Steele, a paroled killer with mental health issues, held two hostages in a Jamaica apartment for over 31 hours. He surrendered to police at about 8:30 a.m. after officers used a ruse to secure the release of his 5-year-old niece, who was rescued alive. The stepfather hostage was later found by officers.
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New York
UPI
Jamaica
Floyd Steele
Steele
Peggy Kinsler
Ko Averill
Yom
Margaret
Oe Yn Williams
Grandma Dorothy
Dorothy Cunningham
Mattewan State Hospital
Italian crisis deepens amid bitter party feud in Rome
In Rome President Giovanni Leone pursued a second day of talks to form a new coalition after Premier Mariano Rumor resigned. Italy’s political crisis was described as the worst since World War II as the Christian Democrats and Socialists failed to agree on a successor.
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Rome
UPI
Italy
Giovanni Leone
Mariano Rumor
Rumor
The
Christian Democrats
Socialists
Socialist Party
Today
Liran
Leone
Recount Likely in Maine GOP Gubernatorial Race
With 98.1 percent of Maine Tuesday's GOP primary unofficially tabulated, James Erwin leads James Richardson 36 698 to 35 988 prompting a possible recount as Richardson asks the secretary of state to seal and segregate ballots for future inspection while Democrats nominate a former Vietnam prisoner of war for Congress.
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Augusta
Maine
UPI
James Erwin
Harrison Richardson
Congress
Erwin
Richardson
Secretary of State
George Mitchell
Ailee
Edmund S. Muskie
Kenneth M. Curtis
Peter N. Kyros
Mark Gartley
North Vietnam
Arab and African Leaders Meet Amid Independence Pressure
At Mogadishu 42 nation OAU leaders opened talks urging Portugal to dissolve its African empire. They eyed Mozambique Angola and Portuguese Guinea and pressed for unconditional independence while addressing oil prices drought relief and possible unity among guerrilla groups.
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Mogadishu
Somalia
UPI
Portugal
Africa
Organization of African Unity
Indian Ocean
Middle East
West
East Africa
Mozambique
Angola
Portuguese Guinea
Lisbon
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