Weather forecast: Partly cloudy and cooler through Thursday
Partly cloudy skies and less humid through Thursday with light north winds. Tonight’s lows mid 60s and Thursday’s highs mid 80s. Details continue on page 2A.
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 25, 1979
Page
1
Partly cloudy skies and less humid through Thursday with light north winds. Tonight’s lows mid 60s and Thursday’s highs mid 80s. Details continue on page 2A.
Petroleum industry officials discuss why four major oil companies may earn more than rivals. The piece surveys profits, pricing, and market position to explain potential competitive advantages.
A lighthearted quip notes gray hair might come from one’s children rather than aging alone. The joke frames parenthood as a source of inherited traits in a playful tone.
President Carter nominates Paul Volcker to chair the Federal Reserve Board replacing G William Miller. Volcker, 51, is chairman of the New York Fed and praised for his broad experience and anti inflation stance. Miller notes Volcker ensures policy continuity as Carter prioritizes dollar stability.
A Bangladesh Biman hijacker armed with a pistol and dagger seized a Fokker Friendship with 43 aboard near Jessore. He demanded 1 million dollars and a getaway plane, but released a passenger and later surrendered peacefully to police at Dum Dum Airport after extensive negotiations. No injuries reported.
PLO military chief Zaherir Mohsen, 43, leader of Saiqa and head of the PLO military department, was shot outside his Riviera apartment in Cannes as police pursued gunmen. He remained in critical condition after brain surgery in Nice.
House Democrats back Carter standby gas rationing 10 to 1 after pressure from long lines at pumps and public concern. ONeill cites headcount by the Democratic leadership office and urges quick House action on energy measures amid Senate delay on windfall profits tax and broader plan.
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