Hostage crisis thaw as Iran assets readied for quick release
President Carter directs release of 2.2 billion in Iranian assets to escrow and transfers 16 million ounces of gold and related securities. White House signals optimism hostages could be freed before Inauguration Day, contingent on Iran’s response. Powell says no final agreement yet and notes potential U.S. travel if freed.
MENTIONED IN THIS ARTICLE
E. Michael Myers
Washington
UPI
Carter
Iran
United States
Tehran
Jody Powell
Powell
White House
West Germany
Wiesbaden
London
New York
United Kingdom
Treasury
Federal Reserve Bank
Carter Sees Sound State of Union Amid Persistent Problems
President Carter told Congress the state of the union is sound yet faces serious issues solvable by past proposals. He cited high inflation and unemployment, a tight world oil market, and 52 American hostages in Iran, while asserting progress over four years has made the nation stronger and freer.
MENTIONED IN THIS ARTICLE
Srom
Washington
Carter
Congress
Iran
Belfast couple shot in assassination attempt shocks peace process
Bernadette Devlin McAliskey and her husband Michael McAliskey were seriously wounded in an attack at their farmhouse. Authorities described both as in very serious but not dangerous condition. Republican groups blamed Protestant militants. reprisals included a police officer killed and a Belfast restaurant firebombed. In Israel, minister indicted for kickbacks, while Begin seeks early elections. Garwood defense rests in court martial at Camp Lejeune after years in enemy lines.
MENTIONED IN THIS ARTICLE
Belfast
Northern Ireland
Bernadette Tose
House of Commons
Miss Devlin
Irish Republican Army
Michael McAliskey
McAliskey
Jerusalem
Israel
Friday
Menachem Begin
Likud Bloc
Begin
Likud- Ted
Aharon Abu-Hatzeira
Garwood
Camp Lejeune
N.C
Pfc
Robert Garwood
Reagan Gets Urgent Briefings On Economic Crisis
President elect Ronald Reagan faced tangled issues as he prepared to take office Tuesday. Cabinet nominees and economic advisers met at Blair House and the New Executive Office Building amid extended security briefings on the hostage crisis. Budget Director pick Stockman blasted Carter's 1982 budget as political and in need of top to bottom revisions. Reagan sought a balance between tax cuts, spending limits, and defense while receiving updates on frozen assets tied to hostage releases. The administration hoped to transfer about $8 billion in frozen assets for the hostages. He stayed optimistic and said the US position on the crisis made sense.
MENTIONED IN THIS ARTICLE
Washington
UPI
Ronald Reagan
Reagan
Blair House
Carter
David Stockman
Families cling to fragile hope over Iran hostages
United Press International reports families of 52 Americans held in Iran refuse to overhope yet show cautious optimism. Ernest Cook, father of Donald Cook, warns against false hope if a deal does not come soon. Bonnie Graves urges restraint as they await possible release. Other relatives express hopeful but guarded reactions amid tense negotiations.
MENTIONED IN THIS ARTICLE
United Press International
Iran
Ernest Cook
Memphis State University
Donald Cook
Bonnie Graves
Reston
John Graves
Richard
Kevin Hermening
Oak Creek
Wis
Moorhead Kennedy Sr
Moorehead Kennedy
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Algiers
State Department
Department
John Trattner
Devlin
Bernadette Devlin
UPI Photo
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