Wholesale price drop slows inflation relief in February
February wholesale prices fell 0.8 percent led by a 24.6 percent plunge in farm products and a 2.8 percent drop in prices for processed foods. Overall index at 171.4 shows continued cooling though prices remain 14.6 percent higher than a year earlier. Industrial commodities rose 0.5 percent as lumber, chemicals, and machinery gained.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Airlift to Phnom Penh Is Resumed
Amid heavy rocket fire, the United States resumed an emergency airlift of ammunition, fuel and food into Phnom Penh. Only eight missions flew as operations began late and grew dark, with Khmer Rouge shelling near the airport and Cambodian troops pushing an assault from three sectors.
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Phnom Penh
United States
U.S
Associated Press
Neil Ulevich
AUS
Saigon
Khmer Rouge
Rove Witt
Karmbol
Iowa Citians Die in Davenport Plane Crash
Three Iowa City residents returning from a birthday trip to Chicago were killed when a small plane crashed into a warehouse in southwest Davenport. Pilot Melvin Oliven, 32, a space physicist at the University of Iowa, died with Teal Wilson 11 and Kyle Wegman, 12, and the plane’s carburetor iced en route to Des Moines. Teal’s mother Eve Wilson, 35, was hospitalized in critical condition but improving. The wreck occurred near Rockingham road, the plane comping down short of both airports.
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Iowa City
Davenport
Taal Wilson
Kyle Wegman
Melvin Oliven
Chicago
Teal Wilson
Dar Rapids
Teal
Eve Wilson
Jows City
Priester Construction Co
Rockingham Road
Jend
Dave
National Hearing to Examine Cedar Rapids Bugging Case
Washington based National Commission on Wiretapping to study Cedar Rapids police bugging in hearings in late May or early June. The agency plans to report to Congress next January with recommended changes to wiretapping laws. A separate federal grand jury has long investigated possible illegal bugging and will reconvene in Cedar Rapids to hear witnesses.
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Washington
Cedar Rapids
Kenneth Hodson
National Commission For the
Ald
Congress
Hodson
Todson
Hudson
Linn County
William Faches
Inter
Laws Supreme Court
Demonstrators jeer Kissinger during Cardiff stop
Secretary of State Henry Kissinger faced a hostile demonstration in Cardiff Wales as about 400 protesters including Cypriots and Marxists jeered him outside a city hall ceremony honoring James Callaghan. Security kept the group away from the official party.
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Cardiff
Wales
Kissinger
Kissingers Warmonger
Cyprus
James Callaghar
Hull
Horna
U.S
Kiastiger
Callaghin
Chuckle Work Draft Ends With Office Victory Moment
A playful scene ends with a team member closing in on success at the office. Colleagues observe a mood shift as energy rises and relief spreads, with excitement nearly pushing him toward the elevator.
Israelis Flush Out Arab Raiding Unit
Israeli troops stormed the Savoy hotel on the Tel Aviv seafront after a six hour siege killing seven guerrillas and freeing hostages. An eighth attacker was captured after a brief exchange of gunfire as a mob of angry Israelis protested outside the ambulance. Kissinger condemned the raid as violence and urged progress toward Middle East peace.
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Tel Aviv
Siavoy
U.S
Vilchak Rabin
Allath
Yasir Arafat
al Fatah
State Kissinger
Middle East
Kissinger
London
Aulyad
Beirut
Lebanon
77 Emission Rules Delayed by EPA and Congress
Environmental Protection Administrator Russell Train delays tougher auto emission rules for one year citing sulfuric acid concerns from catalytic converters. Congress is not expected to act on a five-year pause until at least next year as Ford administration and lawmakers weigh options amid criticism from environmental groups and the oil industry.
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Washington
Congress
Senate
Environmental Protection
Russell Train
Ford
Senate Environment
EPA
Ford Administration
Alder
Sen
Muskie
Dmaine
Effer
Clem Air Goalitian
Train
Wlys
Oil Summit Bids For Price Stabilization Talks
At the ALGIERS meeting OPEC offered to negotiate conditions for oil price stabilization linked to costs of manufactured goods services and technology The three day summit ended with a solemn declaration urging long term producer consumer relations Chairman President Boumedienne called the summit a historic success The declaration notes inflation and currency depreciation have eroded real oil value while prices are below what would come from alternative energy sources It says OPEC is prepared to negotiate conditions to stabilize prices allowing consumer economies to adjust Earlier sources said leaders backed a five year freeze in real oil price if Western customers aid Third World development The declaration lists further aims but the document was truncated in the report
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Algiers
Honda
Organization of Petroleum Exporting Countries
Houari Boumedienne
OPEC
Bausnedienne
Praysas
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White House
Job Funils
Ron Nelsen
House Appropriations Committee
World Airways
Reds
Iowa
Enport Municipal Airport
Je Quad Cinles
Moline, TH
Nuc Dvorak
Dvorak
Darrell Doss
Kirkwood
Oliven
University of Iowa
Kirkwood Community College
U. of
James
Cal
Dorothy Williams
Jeer Kissinger
Mmijlar
Israel
Hoan
Savoy Hotel
Eas
Reeni Deatha
Finuneh
Marlon
Society