17 Aug 1979
Page 1
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 17, 1979
Page
1
Variable cloudiness with scattered showers and thunderstorms developing tonight and ending Saturday morning. Lows tonight in the upper 60s. Highs Saturday in the upper 80s. Weather details on page 2A.
Eastern Iowa oil jobbers told a Congressional subcommittee at Kirkwood Community College that middle distillate stocks are 40 to 75 percent below year ago levels. They blamed refinery bottlenecks for falling supplies and higher costs, urging action before winter.
The Jets struggle to resolve their quarterback situation as options appear limited. The article notes ongoing uncertainty over leadership at the position and potential changes ahead.
Iowa moves to stay and appeal a federal ruling allowing 65-foot twin-trailer trucks on Interstate highways. U.S. District Judge William C. Stuart ruled the 60-foot limit unconstitutional on Interstates, ordering enforcement halted and 65-foot rigs allowed pending appeal. Governor Ray and IDOT officials react while preparations for a stay and appeal continue.
The Carter administration proposes expanding the Atoms for Peace program to store spent fuel from foreign electric reactors in the United States. Critics fear the plan could turn the U S into a dumping ground while officials estimate 2100 to 13600 metric tons could arrive before 2000, with first shipments in 3-4 years.
James Westendorf, 58, and his wife were aboard an Eastern Airlines jet from Guatemala. He helped subdue knife-wielding hijacker Allah Roland Kagan, 24, of Holyoke, Massachusetts, by applying a half nelson. Kagan faced air piracy charges. no one aboard was injured. Flight crew credited Westendorf with preventing further danger.
Washington analysts warn rising interest rates and falling housing starts indicate a slowing U.S. economy. The Federal Reserve boards signals a stance that could risk recession to curb inflation as unemployment trends loom.
Government data show housing starts down 7 percent last month and industrial output slipping 0.1 percent while auto production drops over 3 percent. Revised 1979 growth figures and corporate profits data are due, with the Fed rate hike likely to curb lending and slow growth. Economist Michael Sumichrast cites higher mortgage costs as home builders and buyers pull back.
Rock Island Railroad, strapped for cash, plans a preliminary reorganization filing by mid September to gain a federal loan of about 30 million dollars. Vice president Christopher Knapton said the FRA requires a slimmer core system with Iowa at its heart, retaining most Iowa trackage.
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