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Newspaper
Bennington Banner
Location
Bennington, Vermont, United States of America
Date
Nov 11, 1977
Page
2
New York City scrapped a planned sale of at least $200 million in short term notes after Moody's rated them MIG 4 the lowest of its short term municipal notes ratings. Moody's warned that the city’s finances are so weak that bankruptcy could be possible in future years.
Pittsburgh Gov Milton Shapp convened a conference with about 500 labor, industry and political leaders to craft a public works program aimed at revitalizing the steel sector. They warned the nation could face a deeper downturn if the Carter administration does not assist.
The Tel Aviv command said Kibbutz Yiron about a mile from Lebanon’s frontier was struck by rockets with no casualties but some damage. Palestinian guerrillas fired the rockets, prompting Israeli artillery fire across the border in retaliation for Israel’s early week air strike in southern Lebanon.
Amsterdam police say three officers acting on a tip attempted to stop two Baader Meinhoff gang terrorists near Amsterdam. The pair were seriously wounded in a gunbattle and captured. officers sustained minor injuries and were treated then returned to headquarters.
Washington United Press International reports House Senate negotiators on energy tax legislation discussed but did not decide on fuel-wasteful cars or gas lights. The non-tax group advanced an $800 million two-year loan program for utilities to install pollution controls and a $180 million grant package for boomtown energy effects, while keeping coal conversion efforts moving.
China announced a six year high wage boost retroactive to Oct 1 aimed at experienced low paid workers earning under 90 yuan monthly. The raise covers about half China non agricultural workers including industry, services, teachers, medical staff, and government staff. Prices to stay stable. The piece notes past delays due to political upheaval and ties to the Gang of Four.
Officials at Children’s Hospital National Medical Center launched a federally supported pilot project to study and curb child sexual abuse. They released alarming statistics showing abuse is more common than broken arms or tonsillectomies, with up to 150 per 100 000 under 16 affected and many offenders being parents, neighbors, or family friends.
Ottawa reports confirm RCMP covert break-ins under Operation 300 for about 25 years with senior officials aware. Francis Fox says files and investigative briefs will go to a royal commission. interim report requested. Parliament debates policing powers amid charges of police state tactics and security concerns.
Angry passengers led by two lawmakers hijacked an Iberia DC-9 at Madrid airport, forcing a flight to Barcelona amid a three day strike by 13 000 airport workers. Police resisted as the jet was swapped for a new aircraft and departed. A leukemia patient child was among the travelers seeking urgent care.
The Army Corps of Engineers began a formal, technical investigation into the Kelly Barnes Dam failure near Toccoa at the request of President Carter and Gov. Busbee. A three man panel chair Robert Crisp Jr. will lead the probe, expected to last a month or more, with results to Busbee. Civil Defense resumes search for Paul Williams after debris removal.
The Bennington Banner publishes daily except Sunday and holidays at 425 Main St Bennington Vermont 05201 The Banner Publishing Corp distributes the paper with United Press International and New York Times News Service Landon Associates handles national advertising Home delivery by carrier 2c 5 60 per month motor delivery subscriptions 1 month 5 10 3 months 15 30 6 months 30 60 1 year 61 27 foreign mail double U S rate current single copies 30c back issues 50c second class postage paid at Bennington Vt
Wall Street rose after President Carter stated no differences with Fed Chair Arthur Burns and affirmed the Fed's independence. The Dow gained 14.12 to 832.55, with heavy NYSE volume about 31.98 million shares as analysts saw a rally potential after a long slide. Sadat signaled openness to talks and a Geneva peace framework aided early gains.
Most state workers in Vermont had the day off to celebrate Veterans Day while federal employees worked and postal deliveries continued. Vermont liquor store staff were the exception, and schooling and banking also observed the holiday. Next year Veterans Day will be celebrated nationally and at the state level on November 11.
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