Oil ministers delay price move in broad energy draft
In Vienna, OPEC ministers postponed a decision on proposals to raise oil costs for Americans if the dollar weakens. Iran's Jamshid Amouzegar noted ADRs could link prices to IMF SDRs, with a June report from OPEC economic staff. Saudi and UAE delegates signaled possible production cuts later, while Kuwait urged caution amid a dollar slide and rising inflation.
MENTIONED IN THIS ARTICLE
Vienna
Austria
Organization of Petroleum — Exporting Countries
OPEC
Jamshid Amouzegar
Iran
Amouzegar
International Monetary Fund
Saudi Arabia
Ofl
Sheik Ahmed Zaki Yamani
S Economic Commission
Mana Saeed al Otaiba
United Arab Emirates
Kuwait
United States
U.S. Policy Opposes Arab and Secondary Boycott
Saunders told a House subcommittee that U.S. policy has long opposed both the Arab boycott of Israel and the related secondary boycott of foreign firms tied to Israel. He said the State Department has avoided publishing a blacklist to avoid official recognition, and that progress has been made in dealings with Saudi Arabia. Col. William Durham testified that Jewish Army Corps personnel are not assigned to Saudi projects under State Department approved agreements. The dollar fell to record lows in Brussels Oslo and Zurich as markets gauged future trade role, with OPEC discussing a currency mix to base oil trade, potentially raising U.S. import costs if the dollar weakens further.
MENTIONED IN THIS ARTICLE
Saunders
U.S
Israel
State Department
William Durham
Army Corps of Engineers
Saudi Arabia
U.S. Army Engineers
Brussels
Oslo
Zurich
Frankurt
OPEC
Mali
Senate Clears Roadblock Approves Rail Measure
The Senate voted 62 to 30 to approve a 347 million dollar bill for Penn Central and other Northeast rail lines, sending the measure to the White House for President Ford's signature after limiting debate on filibuster rules. It also approved 128 million for other railroads, with funds to repair tracks along the Boston Washington corridor and support reorganization into a quasi government system.
MENTIONED IN THIS ARTICLE
Senate
White House
Washington
Penn-Central
Northeast
Penn Central
House
Ford
House Commerce Committee
Erie
Detente Policy Debate on NATO Warsaw Pact Accord
Warnin continues discussion on detente favoring a mutual balanced force-cut accord between NATO and the Warsaw Pact. Davison argues against pressuring West Germany to increase its NATO commitment as U S force reductions would strain German defense roles and domestic opinion.
MENTIONED IN THIS ARTICLE
North Atlantic Treaty Organization
Warsaw Pact
Davison
United States
West Germany
NATO
Cambodia Crisis Shapes US Aid Debate
U S Ambassador John Gunther Dean called Cambodia’s military situation grim but not desperate while Ford administration aid was under review. A US financed 12 day airlift delivered 45 tons of ammunition via three DC eight cargo jets in up to 16 flights daily, at a cost of 2 million dollars, buying time for regular contractor C 130 ammo flights into the besieged capital.
MENTIONED IN THIS ARTICLE
U.S
John Gunther Dean
Ford Administration
Henry Ford Fined On Drunk Driving Charge
Henry Ford II was fined 375 dollars after pleading no contest to drunken driving in Santa Barbara. He received a suspended 35 day jail term and two years probation, posting bond that funded the fine. Ford, 57, was stopped after weaving on a Goleta main street and was released after a blood test. He returned to Detroit.
MENTIONED IN THIS ARTICLE
Santa Barbara
Gailif
Henry Ford II
Ford
Ford Motor Co
Arnold Gowans
David Milner
California
H.G. Hunt
Goleta
Detroit
Ford Schlesinger plead for aid to Cambodia survival hinges on Congress
President Ford and Defense Secretary Schlesinger said Cambodia’s Lon Nol government could survive with more military aid but would collapse within weeks without it. They warned Congress that supplies and a lifted aid ceiling are critical as Cambodia faces depleted ammunition and possible fall by end of March. Mansfield urged rejecting further funding, arguing against indefinite involvement.
MENTIONED IN THIS ARTICLE
Washington
Ford
James R. Schlesinger
Lon Nol
Hollywood
Fla
Cambodia
Lon
Schlesinger
House Defense Appropriations Subcommittee
Congress
Phnom Penh
House Appropriations Committee
George H. Mahon
D-Tex
Senate
Joseph P. Addabbo
D-Ny
Mahon
U.S
Democratic
Mike Mansfield
Vietnam
Mansfield
India cancels minister trip to U S in protest
New Delhi India AP report says Foreign Minister Y B Chavan will not travel to Washington March 13 14 as a sign of displeasure over Washingtons decision to end a 10 year arms embargo on Pakistan Prime Minister Indira Gandhi also accused the Ford administration of specious arguments to justify ending the embargo She noted India wishes to welcome the new American ambassador William B Saxbe despite deteriorating ties
MENTIONED IN THIS ARTICLE
New Delhi
India
Y.B. Chavan
Washington
U.S
Pakistan
Indira Gandhi
Ford Administration
Foreign Ministry
William B. Saxbe
Bangkok
Chavan
Henry A. Kissinger
Gandhi
Ford presses Congress on tax cut and energy plans
Ford told reporters the economy dominates questions at the news conference and urged faster action on his tax cut and energy proposals. He lamented Congress’ slow pace, saying he intends to keep pressure on and that action may not finish before June. He warned the parliamentary process has slowed and the country has lost.
MENTIONED IN THIS ARTICLE
Ford
Congress
Fire collapses buildings trapping two firefighters
A fire tore through a row of three buildings including a record store a coin and stamp shop and a photo studio. A wall of the larger structure collapsed onto the roof of the smaller building trapping two firefighters. A second wall collapsed minutes later as the fire department from Lynchburg and nearby areas fought the blaze for about two hours.
MENTIONED IN THIS ARTICLE
Lynchburg
British House approves raise in royal funds
The House of Commons approved a 1 million dollar hike in Queen Elizabeth II's expense allowance after a three hour debate. The 427 to 90 vote saw most Conservative MPs back the measure while Labour rebels opposed. The queen and Prince Philip were in Mexico during the vote. the present appropriation is 2.36 million annually, funding Buckingham Palace Windsor Castle and 463 royal staff.
MENTIONED IN THIS ARTICLE
London
House of Commons
Labor Party
Britain
House of Cominions
William Hamilton
Queen
Prince Philip
Mexico
Queen Elizabeth
Buckingham Palace
Windsor Castle
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Broad Energy
Moss
Walter Mondale
D-Minn
Harry Byrd
L-Va
JJ Pearson
R-Kan
James Allen
USDA
Consolidated Rail Corp
Reading
Lehigh Valley
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Ann Arbor
Lehigh
Hudson River
Pigures Shaw
Pacific Northwest
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Catalinas
Nea
Henry Ford
Daink
Luci Johnson Nugent
Nicole
Lyndon B. Johnson
Executive Mansion
Betty Ford
Ford, Schlesinger
Alaska
William J. Green
Dpa
Envicus
Rules Committee
Democrats
Charles Wilson
Green
U. S
King Wa Sea Memorial Drive
Big George
Virgil Partch
British House
Clent Anderson Furniture CO
GIVE
Danville
Danville Life Saving Crew
Hart Omeg
P.O
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