Benefits Of Oil Price Drop Would Spread Widely
New York AP reports a potential $5 per barrel fall in oil prices could boost American households by about $85 annually in extra spending. Economists foresee world prices dropping to $27-$30, with benefits to industrialized nations but caution on price-cut pressures and sectoral impacts.
MENTIONED IN THIS ARTICLE
New York
Organization of Petroleum Exporting Countries
U.S
Britain
OPEC
Nigeria
Egypt
Soviet Union
Morgan Guaranty Trust Co
United States
Data Resources Inc
Gulf oil nations press price cut to avert price war
Saudi Arabia and Gulf allies urged OPEC to match a cut of their $34 base price with potential reductions up to seven dollars per 42-gallon barrel. The move, aimed at avoiding an all-out price war, could lower gasoline by about 22 cents a gallon per each dollar drop. OPEC president Yahaya Dikko said talks continued with other oil ministers to set an emergency meeting in Vienna after Nigeria's earlier $5.50 cut.
MENTIONED IN THIS ARTICLE
Riyadh
Saudi Arabia
Persian Gulf
OPEC
Yahaya Dikko
Nigeria
Vienna
Byrne Concedes Chicago Defeat in Mayor Race
Incumbent Jane Byrne urged Democrats who backed her in the primary to rally behind Harold Washington after his shock win to become Chicago’s first black mayor. Washington spoke hoarsely at a post primary conference as exit polls showed steep black support and white split backing Byrne and Richard Daley.
MENTIONED IN THIS ARTICLE
Chicago
Jane M. Byrne
Harold Washington
South Side
Washington
Byrne
City Hall
Richard M. Daley
GOP
Bernard Epton
Reagan fires two top EPA officials amid purge
President Reagan announced the ouster of EPA Inspector General Matthew Novick and Assistant Administrator John P. Horton, part of a broader move to reshuffle EPA leadership including the earlier dismissal of Rita Lavelle. Rep. Scheuer framed Novick’s firing as removal for auditing failures. officials said the aim is to strengthen middle management in the superfund program. Horton said he was asked to resign by White House personnel chief Helene von Damm.
MENTIONED IN THIS ARTICLE
Washington
Reagan
Environmental Protection Agency
House
White House
Matthew Novick
John P. Horton
EPA
Rita M. Lavelle
James H. Sche
Novick
Ms. Lavelle
Congress
Anne M. Burford
Horton
Burford - Anne Gorsuch
Scheuer
Helene von Damm
Hospitals Charged Excessive Rates Across West Virginia
The West Virginia Health Department released a report criticizing 10 facilities for unreasonably high charges based on financial disclosures for 1980 81 and 82. The facilities include Thomas Memorial Charleston Area Medical Center and Frank E Pick Memorial Hospital in Kanawha County plus St Luke’s Bluefield St Jude’s Logan Greenbrier Valley Ronceverte Monongalia General Morgantown Princeton Raleigh General Beckley and Stevens Clinic Welch. The report urges lower rates to preserve financial stability.
MENTIONED IN THIS ARTICLE
Charleston
W.va
State Health Department
Thomas Memorial Hospital
Charleston Area Medical Center
Frank E. Pick Memorial Hospital
Kanawha County
St. Luke’s Hospital
Bluefield
St. Jude’s Clinic
Logan
Greenbrier Valley Hospital
Ronceverte
Monongalia General Hospital
Morgantown
Princeton Community Hospital
Raleigh General Hospital
Beckley
Steven’s Clinic
Welch
Health Department
Senate OKs Abortion Notice Bill in West Virginia
The West Virginia State Senate approved a bill requiring notice to parents before an abortion for a minor. The measure, debated intensely, extends to both male and female involved, stanza by Sen. Boettner and sponsor Sen. Ash. The bill moves to the House for consideration.
MENTIONED IN THIS ARTICLE
Charleston
W.va
Senate
House
Jay Rockefeller
Gerald Ash
D-Preston
Ash
John
Si’’ Boettner
D-Kanawha
Senate Judiciary Committee
Boettner
Thursday Weather Outlook With Light Rain And Snow
The forecast calls for increasing clouds on Thursday with a chance of light rain late. Highs reach mid to upper 40s, with light rain turning to light snow tonight and lows in the upper 20s to 30s. Precipitation ends Friday as highs stay in the 40s, some 30s at higher elevations, then fair conditions Friday night through Sunday with highs in the 40s to low 50s and lows in the 20s to low 30s.
MENTIONED IN THIS ARTICLE
National Weather Service
Social Security Rescue Bill Clears House Panel
A House subcommittee backed a $165 billion Social Security rescue bill by 7-4 along party lines, choosing benefit reductions and tax increases over raising the retirement age. The plan adds a Treasury borrowing fail-safe and moves to full committee consideration with a vote anticipated by March 8.
MENTIONED IN THIS ARTICLE
Washington
House
Ways and Means
Social Security
Treasury
Full
Beryl Anthony
D-Ark
Anthony
Anothy
National Commission On Social Security Reform
J.J. Pickle
Texas
Subcommittee
Claude Pepper
D-Fla
Virginia Legislature approves 19 age for beer drinking
In Richmond the House backed the Senate plan to raise Virginia’s beer drinking age to 19, beating back a push for 21. Gov elect Robb is expected to sign. The measure also ties on premise drinking to 19, adds a possible one year license suspension for underage purchases, and requires alcohol safety education for drivers under 19.
MENTIONED IN THIS ARTICLE
Richmond
House of Delegates
Senate
Virginia
Charles S. Robb
Del
Steven Agee
Roanoke
del. Clinton Miller
R-Shenandoah
Miller
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Data Resources
Associated Press-Wmaq TV
Daley
Cook County
Sen
Odell Huffman
Joe Spears
D-Randolph
Cam Mills
Turner
CBS
Rair
Thomas P. O’neill Jr
Pepper
D-Ind