Reagan Ends Petroleum Price Controls Immediate Decontrol Lifts Oil Rules
President Reagan announced the immediate lifting of remaining price and allocation controls on petroleum including crude oil gasoline and propane. The move aims to spur production and energy conservation but could raise gasoline and heating oil prices by a few cents per gallon, with expected net federal revenues from windfall taxes and higher energy taxes.
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Washington
Reagan
U.S
Carter
Reagan to broadcast economy speech next week
President Reagan, amid tax cut talks and deficit reduction, will deliver a major television address on the economy late next week. White House sources say the speech will focus on problems, with details of an economic package anticipated in a mid February State of the Union.
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Judge refuses to reverse Garwood desertion ruling
A military judge at Camp Lejeune refused to overturn his earlier decision dismissing wartime desertion and two related charges against Marine Robert Garwood. The ruling keeps alive the key charge of collaboration with the enemy. Garwood spent 14 years behind enemy lines after disappearing near Da Nang in 1965. The prosecution sought a two week delay to appeal.
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General Strike Threatens Poland Over Free Saturdays
Nationwide work stoppages expand as Solidarity members in Gdansk threaten a noon to 1 pm February 3 general strike if the free Saturdays issue remains unresolved. Demand access to mass media, Rural Solidarity registration, and removal of local officials fuel the action amid widespread provincial strikes.
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Iran hostage buses pass to White House reception
An unidentified person aboard a freed hostage bus carries a sign as the fleet traverses Pennsylvania Avenue toward the White House for President Reagan’s reception. The event followed the release and return of hostages and their families.
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Weinberger urges rapid U S rearming to meet rising threats
Defense Secretary Caspar Weinberger told the Senate Armed Services Committee the United States must rearm quickly as the world worsens. He warned of a dangerous decade ahead, a gap between U S and Soviet power, and the need to boost readiness and balance between strategic nuclear forces.
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Reagan Seaga meet marks high US regard for Jamaica leader
President Reagan hosted Jamaican Prime Minister Edward Seaga as the first foreign head of government to visit the White House since Seaga’s election five days before Reagan’s victory. The meeting proceeded with minimal ceremony as officials highlighted strong U.S. Caribbean ties. Seaga is leader of the 50 year old Jamaican Labor Party.
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Loans halted on 15 alcohol plant guarantees investigation
Agriculture Secretary John Block halted processing of 15 federal loan guarantees totaling 341.7 million for alcohol fuel plants amid an investigation into approvals. Former Inspector General Thomas McBride reported improper year end spending and skimpy feasibility reviews, calling for stopping further action. The largest guarantee backed a 67 million bank loan to James Ozmont Jr. in Tennessee.
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Tampomas 2 Sinks in Java Sea Disaster Toll Rises
Indonesian coast guard confirms 21 killed with 443 missing as 672 survivors are brought to port by eight ships after Tampomas 2 sank in rough Java Sea conditions. The 2,420 ton passenger vessel burned during a Jakarta to Ujung Pandang voyage carrying over a thousand passengers and 82 crew.
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