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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 10, 1979
Page
3
In Springfield Massachusetts 1500 demonstrators confront Iranian students marching to demand the shah’s return. Police escort the Iranians away by bus after loud chants and waving signs.
Congress approved a1 35 billion compromise heating aid package for the poor and elderly with a 250 maximum SSI payment and state distribution for others. The measure includes a 20 billion synthetic fuels and solar energy program and a windfall profits tax plan to fund energy initiatives. The bill now goes to President Carter for signature.
President Carter’s inflation adviser Alfred Kahn told a House subcommittee that a dramatic gasoline tax is being considered to cut fuel consumption and pressure Iran to keep its oil. He suggested 25 to 50 cents a gallon, while opposing oil price controls and noting limited wage price council staff to audit refiners. Dingell pressed on perceived price gouging as heating oil costs rise faster than crude.
Phillips Petroleum agrees to pay 200 million dollars in penalties under a consent order with the Energy Department. The settlement raises total federal refinery penalties to 570 million dollars. The order requires 3 million dollars in cash refunds to nine crude oil customers and a 22 million dollar boost in heating oil supply through imports, with 67.5 million dollars in deferred costs removed from gasoline prices.
The Nuclear Regulatory Commission levied a 450000 dollar fine on Consumers Power Co for a long standing Palisades plant safety violation. NRC chair Hendrie said past penalties were too lenient and stressed future enforcement. Victor Stella noted the violation could have let radioactivity escape the containment building in an accident.
Cincinnati AP reports Ohio's third largest district shutters 95 schools for three weeks after rejecting a $6 million state loan. The loan would have closed 10 schools, laid off 281 teaching aides, and cut programs. Classes resume Dec 3 with missed days made up later.
Philippine authorities ordered a Braniff 747 with 213 aboard to land at Manila Airport claiming air space violation. The flight later resumed its route after a three hour delay once permits were confirmed and clearance given.
UPI reports October retail sales dropped 1.7 percent to 75.5 billion as auto sales fell 8.2 percent and consumer demand slows after Fed credit tightening. The decline marks the sharpest drop in four years and follows September gains of 2.6 percent.
Pope John Paul II ordered a public Vatican disclosure after a five day Cardinals congress showing a deficit of about 17 billion lire or 20.24 million dollars for the year. The Holy See says rising costs and inflation threaten future finances and cites Peter's Pence donations as key funding.
Israeli authorities moved to expel Nablus mayor Basaam Shakaa over alleged statements praising Palestinian attackers who killed 34 Israelis last year. Defense Minister Weizman ordered the attorney general to lift a Supreme Court injunction blocking the deportation.
Treasury Secretary G. William Miller said inflation may fall below 10 percent by spring, diverging from Alfred Kahn and Robert Russell who expect 1980 to stay in double digits. He warned of a sawtooth recession into early next year and noted rates may not fall sharply, with Fed actions affecting housing more than anticipated.
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