Plummeting oil prices seen at pump sparks Gulf talks
Gulf oil exporters warn of a price war without a deal and may cut base prices to 27 dollars a barrel if talks fail. U S gas prices slip 1.8 cents as retail prices reflect upstream declines. OPEC ministers convene for emergency talks in the Persian Gulf with ministers from Venezuela Kuwait Algeria and others.
MENTIONED IN THIS ARTICLE
U.S
Nicosia
Cyprus
Middle East
United Arab Emirates
Mana Saeed al Otaiba
ABC
David Brinkley
Saudi Arabia
Kuwait
Iraq
Qatar
Otaiba
Gulf
Dan Lundberg
Lundberg
Organization of Petroleum Exporting Countries
OPEC
Persian Gulf
Humberto Calderon Berti
Paris
Oil and debt outlook from Feldstein Volcker comments
Feldstein expects a higher rate of real growth than 3 percent but avoids a specific figure. He notes oil exporting nations such as Mexico Venezuela Nigeria and Indonesia must adjust debt schedules and will need time to recover. A lower oil price benefits oil importing nations like Brazil and Argentina. Volcker on Meet the Press says gradual oil price declines help but a sharp rebound could cause economic dislocations and he favors a moderate sustained decline.
MENTIONED IN THIS ARTICLE
Feldstein
Mexico
Venezuela
Nigeria
Indonesia
Brazil
Argentina
Volcker
NBC
Meet the Press
Record of Southeast Storms and Industrial Damage
Heavy rains fell across southern Florida with 4.07 inches in Hollywood and 3.65 inches in Fort Lauderdale as a coastal flood watch remained from Jacksonville to Boca Raton. The Gulf storm prompted gale warnings from Louisiana to Georgia while rivers in Louisiana and southern Mississippi rose to 4 feet above flood stage. Charger 1 oil rig began taking on water and sank southeast of Galveston after tow cable failure. A fisherman from Fort Myers was evacuated with broken ribs after rough seas. Roof collapses hit Mazda in Carson and Sepulveda Boulevard Kmart in Los Angeles, while Chemtainer West roof damage occurred in Paramount. Over 13,200 Southern California Edison customers lost power in Compton.
MENTIONED IN THIS ARTICLE
Hollywood
Broward County
Fort Lauderdale
Florida
Jacksonville
Boca Raton
Gulf of
Mexico
Louisiana
Georgia
Mississippi
Fort Myers
Fila
Los Angeles
Mazda Motor Corp. of America
Ter
Sepulveda Boulevard
Kmart Discount
Carson
Chemtainer West
Paramount
Southern California Edison Co
Compton
Collins outlines diverse MX missile basing options and sea launches
The analysis evaluates land, sea, and air basing. It argues land leasing is impractical and that mobile missiles offer better survivability. Mobile basing, seaborne Hydra canisters, and Sea-sitter amphibious aircraft are among options. It claims 220 possible triads totaling 12 launcher types could be fielded.
MENTIONED IN THIS ARTICLE
U.S
Collins
Congress
Maxwell Taylor
Joints Chiefs of Staff
Strategic Air Command
Pentagon
Moscow
Federal Express
President’s Commission
United States
Polygamist Potter Faces $500000 Suit and Mormon Roots
Roy Potter, describing himself as a Mormon, lives with two wives Denise and JoAnn and five children. He forecasts an appeal to get a polygamy ban overturned, citing religious freedom. Experts debate constitutionality of polygamy laws and the role of First Amendment protections in Utah history.
MENTIONED IN THIS ARTICLE
Denise
Potter
JoAnn
Roy
Joseph Smith
Church
Utah
Supreme Court
Robert Hansen
Hansen
Ford decries Castro as international outlaw at Cuban refugee ceremony
President Ford denounced Fidel Castro as an international outlaw during a 1976 naturalization ceremony for Cuban refugees in Miami. He cited Cuban intervention in Angola as the rationale for his harsh rebuke on the national stage.
MENTIONED IN THIS ARTICLE
Ford
Miami
Fidel Castro
Angola
Weather Outlook Partly Cloudy With Rain Chance
Extended forecast calling for partly cloudy skies into midweek with a chance of rain on Thursday and Friday. Daytime highs range from the upper 30s to upper 40s Wednesday and reach the mid 40s to 50s on Thursday and Friday.
National Weather Forecast Highlights With Varied Reach
The report notes record low 6 in Houston and high 76 in Key West and Yuma. California faces rain and mudslides while the north central Plains see clouds and fog. A broad outlook predicts ongoing rain and winds from Florida to the Carolinas and mild 40s to 70s across regions.
MENTIONED IN THIS ARTICLE
Houston
Maine
Key West
Fla
Yuma, Ariz
Florida
Georgia
Carolinas
Mississippi
Tennessee
California
Great Lakes
New England
mid-Atlantic
Mississippi Valley
Central Plains
Texas
Beiruti Talks Move Amid Israel Lebanon Tensions
Israeli officials report progress in negotiations with Lebanon toward Israeli withdrawals and security guarantees. Shafik Wazzan signals a new American position but Lebanon rejects Israeli manned surveillance stations. Soviet crews reportedly man four SAM 5 batteries in Syria, raising region military concerns. Arafat recalls threats to be shot if surrendering. Newsweek cites possible Kissinger Carter mediation. White House rejects a new Middle East envoy or Camp David summit.
MENTIONED IN THIS ARTICLE
Beirut
Shafik Wazzan
Wazzan
Lebanon
Israel
Syria
U.S. Mediterranean
Reagan
Henry Kissinger
Jimmy Carter
Newsweek
White House
Washington
Middle East
Carter
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Gazette Wire Services
Gazette
Jonathan Reed
Galveston
Coast Guard
Jimmy Monroe
Monticello
Jones County Fairgrounds
Church of Jesus Christ of Latter-day Saints
U.S. Supreme Court
Reynolds
Weather Report
C.R
Duluth
Phoenix
Honolulu
Seattle
Washgun
North Central Plains
Dakotas
Minnesota
Canadian Report
Calgary Fog
Edmonton
Cloudy
Montreal
Ottawa Cloudy
Regina
Toronto
Vancouver
Winnipeg Snow
Anchorage
L.A
Atlanta
Bismarck
Coralville Lake
Boston
Nashville
Chicago
N.orleans
Cedar River
Denver
New York
Waterloo
National Weather Service
Dallas
New Orleans
Habib
Yasser Arafat
Arafat
Menachem Begin
Ariel Sharon
Sharon
Congress of Sudanese Socialist Union
New Life Fitness
Westdale Mall
Iowa
Coldwecell Banker
Cedar Rapids
Zeto’s
Helene Curtis
Petersen's
Visa
MasterCard
Lindale Mall
Sycamore Mall
Petersen Harned von Maur
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