High Fuel Prices Could Mean High Unemployment
Boston based economists warn that a surge in residual fuel prices could push unemployment higher in New England. London notes 75 percent of regional energy uses residual oil while other regions rely more on coal and natural gas. He cautions gradual impact, with some firms absorbing costs or relocating production.
MENTIONED IN THIS ARTICLE
Boston
New England
Paul A. London
New England Council
Washington
London
Mid Atlantic
Pacific
James Howell
First National Bank of Boston
Howell
Texas Instruments
Texas
George Goss
Arthur D. Little
Cambridge
Massachusetts
Venezuela moves toward oil nationalization amid congressional debate
Venezuela prepares to nationalize its oil industry within a decade as two bills urge immediate action. The 3.3 million barrel daily sector faces 1983 concession expirations while President Perez's government forms a committee to study plans. Foreign firms, mainly American, show willingness to discuss new terms. Production cuts of five percent start April 15 to save gas.
MENTIONED IN THIS ARTICLE
Caracas
Venezuela
United States
Social Christian Party
Polatl
People’s Electoral Movement
Carlos Andres Perez
New Democratic Action
Levitt land funds explored by Kennebunk board
Selectmen authorized Conservation Commission chairwoman Madelyn Marx to pursue federal funding and open space status for 9 acres off Summer Street now under Levitt and Sons option. A Bartlett inspection could lead to a 60 to 90 day federal aid process with an appraisal costing up to $1,000.
MENTIONED IN THIS ARTICLE
Kennebunk
Selectmen
Conservation Commission
Madelyn Marx
Summer Street
Levitt and Sons of
New England
State Department of Parks and Recreation
Fred Bartlett
Department of the Interior
Herman Cohen
Bartlett
Levitt and Son
Ae Sen
Planning Board
Snow Storm Shocks Maine Towns In April
Local residents faced one of the year's worst snow storms with six inches in Portland by 2 am and more flurries ahead. City crews rushed salt supplies while plows and sand were conserved. several accidents occurred despite a quiet night in some towns. The Farmer's Almanac warned of ongoing spring storms, while forecasts flipped to sun and mid 40s briefly.
MENTIONED IN THIS ARTICLE
New England
Maine
Portland
Lace
Richard Murray
Biddeford
A _ department
Berwick
Old Orchard Beach
Kennebunk
the Journal
Saco
Kennebunkport
Almanac
Components Move Planned For Biddeford Center Store
Components To Move Into Center Inc of Kennebunk plans to occupy the former W T Grant store in Biddeford Shopping Center. Plant manager William Sermania says assembly operations should start by mid June with 125 to 150 workers, most from Biddeford. After layoffs of about 106 at the Kennebunk plant, Sermania expects rehiring in mid summer as orders rebound, while negotiations with First National and center owners continue over zoning and use restrictions.
MENTIONED IN THIS ARTICLE
Kennebunk
Grant
Sermania
Biddeford
First National
Components
Planning Board
Economic Improvement Commission
Component
Nixon visits Michigan to back Sparling in 8th District race
President Nixon campaigns in Saginaw and northeastern Michigan for Republican James Sparling on a five hour visit. He denounces Congress as the bottleneck behind higher living costs and unemployment amid a district that has trended GOP for four years. Traxler argues Sparling is Nixon’s stand in and impeachment pressures loom on House Republicans.
MENTIONED IN THIS ARTICLE
Saginaw
Mich
Nixon
Congress
Michigan
James Sparling
Sparling
United States
Tri-City
GOP
J. Robert Traxler
Greek Oil Tanker Explodes In Philadelphia Harbor
A Greek tanker Elias exploded and burned at the Atlantic Richfield pier in South Philadelphia, killing one and injuring 26. Eight missing include five crewmen and a mother and her two children visitors. Fire raged over two hours as oil spilled and a 200 foot dock hole formed. Authorities await word on cause and crew complement while search for missing, with oil pollution response underway.
MENTIONED IN THIS ARTICLE
Coast Guard
Atlantic Richfield Co
Philadelphia
Frank Kelly
Elias
Ioannis Soteris
Willliam Gary
Meropa Baltas
Rock Festival Probe Ties IRS to Participation
IRS investigators probe rock festival participants amid tax inquiries. New England reports over a foot of snow disrupting travel and events. In a pet shop window a sign reads Mother's Whistler by Signovey and Canary.
MENTIONED IN THIS ARTICLE
IRS
New England
Signovey & Canary
Also Mentioned on This Page
Valentin Hernandez
Mines and Hydrocarbons
Funds For Levitt Land
Peter Kingsley
Susan Morrison
Staff
Wrnter
Dick Danforth
Components Kennebunk
Delaware
Inside the Journal
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