Senate opens clash over windfall oil tax policy
The Carter administration and the oil industry clash in the Senate as debate begins on a windfall profits tax tied to a $1.1 trillion rise in U.S. crude prices through 1990. Carter seeks a stiff levy to fund energy programs, while industry warns it would curb production and investment. The House already approved $277 billion and the Senate Finance Committee's draft sits at $138 billion with exemptions. The outcome will shape how revenues fund energy aid for the poor and alternatives, amid broader moves to reduce foreign oil dependence.
MENTIONED IN THIS ARTICLE
Washington
Carter
Senate
U.S
Senate Finance Committee
House
Finance Committee
United States
Organization of Petroleum Exporting Countries
Treasury Department
Congress
Universe Half as Old If Hubble Constant Revision Holds
Cambridge astronomers say Hubble Constant may be almost double previous estimates, yielding a universe age near 9 billion years and a far greater cosmos distance scale. The finding challenges 15 to 18 billion year models and upends current theories of cosmic evolution.
MENTIONED IN THIS ARTICLE
Cambridge, Mass
Hubble
Harvard
Arizona
John Huchra
Harvard-Smithsonian Center For Astrophysics
Field
Hudra
U.S. Plans Airlift for Indochina Refugees and MLK Holiday Vote
The Carter administration moves to airlift food to Indochina refugees amid private fundraising efforts. A House vote falls short of a King holiday, with potential future reconsideration. In Oakland, Michael Dellums is convicted of second degree murder in a marijuana dispute case.
MENTIONED IN THIS ARTICLE
Washington
Carter
Thailand
Indochina
Matthew Nimetz
U.S
Rosalynn Carter
Oakland
Calif
Michael Dellums
Ronald Dellums
D-Calif
Dellums
Gregory Davis
Davis
Explosives End Threat In Molino Florida Derailment
Demolition experts said danger appeared over after blasting nine derailed tank cars near Molino. Federal officials must decide when 500 evacuated residents may return home. Wayne Rutledge led the team that placed 360 pounds of explosives around the cars, producing a mushroom fireball seen for miles.
MENTIONED IN THIS ARTICLE
Molino
Fla
Wayne Rutledge
Louisville & Nashville Railroad
Rutledge
Watson Leaves Moscow for Gall Bladder Surgery Evaluation
The new U S ambassador to the Soviet Union Thomas Watson departed Moscow for the United States for evaluation of possible gall bladder surgery after an acute attack. He arrived Oct 17 and may be treated at the Mayo Clinic in Rochester Minnesota.
MENTIONED IN THIS ARTICLE
Moscow
U.S
Soviet Union
Thomas Watson
United States
Watson
Mayo Clinic
Rochester
Minn
Derailment Evacuation Continues in Mississauga
About 150000 people were allowed to go home while 75000 were told to stay away for a third night due to ongoing gas explosion danger from a derailment that sparked Canada's largest evacuation. Health hazards prompted continued safety warnings and measures.
MENTIONED IN THIS ARTICLE
Mississauga
Ontario
Israel to expel Nablus Mayor Shakaa
A Cabinet committee in Jerusalem decided to expel Nablus Mayor Bassam Shakaa from the West Bank. The move risks triggering protests and unrest across the occupied territories amid Begin's government deliberations.
Unknown group claims ambush harms Israel envoy in Lisbon
An unidentified anti Zionist group claimed responsibility for a grenade and submachine gun attack in Lisbon that wounded Israel's ambassador, killed his bodyguard, and injured three others. Portuguese radio quoted the caller as opposing capitalism and imperialism and warning of further attacks.
MENTIONED IN THIS ARTICLE
Lisbon
Portugal
Israel
International Militant Workers
Gunman killed after wounding 3 policemen
In San Antonio a gunman killed Patrolman Michael Young and wounded three officers during a three hour confrontation on a quiet street near Wheatly High School. Javier Sanchez was shot by a SWAT team as the siege ended with tear gas, with two youths involved in the incident and the gunman dead.
MENTIONED IN THIS ARTICLE
Javier Sanchez
San Antonio
Texas
Sanchez
SWAT
Coy Boone
Oscar Gallo
Young
Wheatly High School
Wheatly
Marion Talbert
Kmol-Tv
Boone
Talbert
Ed Shadrock
Also Mentioned on This Page
George Field
Astrophysics Center
House of Representatives
Martin Luther King Jr
Atlanta
Martin Luther King Center For Social Change
Roy McMurty
Canadian Pacific
Toronto
Egypt
Shakaa
Jesus
Cedar Valley Bible Church
Cottage Grove Ave
Pica
Meg OF the Bazarene
Edar Rapids
The
Medicine Chest
Thurs
Medicine Chest Pharmacy
American Diabetes Association
Iowa Affiliate
Inc
Medicine Chest Pharmacies
Edgewood Road
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