Price Controls Lifted on Some Steel Products
The Cost of Living Council ended price controls on about 18 percent of steel industry production and approved a price increase of under half a percent for steel firms, potentially pulling in $65 million annually. The move, third this year, raises total allowed steel price hikes to 4.54 percent and $756 million, while most blast furnaces and mills stay under controls. The action aims to spur production of goods for petroleum mining construction and agriculture, though some products like pipe and tube may see pass-through to consumers.
MENTIONED IN THIS ARTICLE
R. Gregory Nokes
Associated Press
Washington (Ap
Cost of Living Council
Edgar B. Speer
U.S. Steel
The
Council
John T. Dunlop
Ford Motor Lays Off 64 000 Auto Workers
Ford Motor Co. announced layoffs lifting total furloughed workers to just over 64,000 as sales decline hits the auto industry. Production cutbacks will idle 13,000 workers over two weeks and 4,000 indefinitely, with 23,000 cars trimmed from the schedule. Washington officials formed an energy layoffs task force including regional and state labor departments from Michigan Ohio Illinois and Indiana.
MENTIONED IN THIS ARTICLE
Jonathan Wolman
Associated Press
Detroit
Ford Motor Co
Ford
Washington, D.C
Peter J. ‘Brennan
Brennan
Chicago
Labor Department
Michigan
Ohio
Illinois
Indiana
Auto firms seek licenses to sell cars to Cuba from Argentina
Ford Chrysler and General Motors have formally asked the U.S. Treasury for licenses to waive embargo rules and allow their Argentine subsidiaries to sell thousands of cars to Cuba. The move could be worth about 150 million dollars and hinges on Washington approval. GM Ford and Chrysler cite Cuban credit lines and bids already placed. no decision yet from the government.
MENTIONED IN THIS ARTICLE
Tom Raum
Associated Press
Washington
U.S
Cuba
Treasury Department
Treasury
Ford
Chrysler
General Motors
Detroit
GM Argentina
Fidel Castro
Arab oil split over embargo policy pits Iran against Saudi line
Arab ministers meet in Tripoli on February 14 to decide whether to relax the U S embargo. Abu Dhabi favors easing to gain oil revenue while Saudi Arabia and Kuwait insist on a timetable and continued pressure. Libya, Iraq, and Algeria oppose any softening, and Egypt’s Sadat is not yet for lifting the ban.
MENTIONED IN THIS ARTICLE
Holger Jensen
Associated Press
Beirut, Lebanon
United States
Organization of Petroleum Exporting Countries
Tripoli
Libya
Abu Dhabi
Persian Gulf
Faisal
Saudi Arabia
Anwar Sadat
Ahmed Suweidi
United Arab Emirates
Sadat
Suez Canal
Iraq
Algeria
Artificial Eye Tests Show Promising Sight Breakthrough
Two totally blind men report specks of light during brain stimulation trials for an artificial eye. Researchers from the University of Utah and Western Ontario describe the work, noting simple shapes were recognizable and letters could be drawn. Costs are projected at about 5000 dollars per eye with 2000 for surgery, amid ongoing engineering and safety challenges.
MENTIONED IN THIS ARTICLE
David Briscoe
Associated Press
Salt Lake City
Doug
Utah
Western Ontario
Journal ‘Science
Electronics
William H. Dobelle
France Bids For Oil With Arms Trade Drive
Paris sources say France is expanding arms sales to oil producing states to pay for oil imports. Defense Minister Galley notes 1.6 billion in arms exports last year, 17 percent of total. Deals with Abu Dhabi and Saudi Arabia boosted jets and tanks. oil volumes tied to arms deals. Nigeria Kuwait Algeria and Iraq courted as Paris seeks broader offers.
MENTIONED IN THIS ARTICLE
Elias Antar
Associated Press
Paris
France
Organization of Petroleum Exporting Countries
Roger Galley
Abu Dhabi
Saudi Arabia
King Faisal
King Kaisal
Nigeria
Kuwait
Algeria
Iraq
Soviet Union
Turkish jet crash kills 61 in Izmir on takeoff
A Turkish twin engine Fokker 28 carrying 68 passengers and crew of five crashed after takeoff from Izmir military airport. Sixty one were killed, 13 survived, 12 in critical condition. Four foreigners among the dead include three Americans. Cause under investigation with engine problems suspected. The disaster is the worst in Turkish civil aviation history.
MENTIONED IN THIS ARTICLE
Izmir
Turkey
Istanbul
Aegean
Turkish Airlines
Airlines
Jury Selection Continues In Trial Of AIM Leaders
The AIM leaders Dennis Banks and Russell Means face 10 counts each tied to the Wounded Knee siege. Jury selection extends into a fourth week with 34 jurors tentatively approved of 38, then will be narrowed to 12 plus six alternates. Banks hopes for Lutherans and Catholics on the panel as testimony unfolds.
MENTIONED IN THIS ARTICLE
AIM
Gale Tollin
Associated Press
ST. Paul, Minn
American Indian Movement
Wounded Knee
8.D
Dennis Banks
Minnesota
Fred Nichol
Sioux Falls
AIM Thursday
Banks
Paul Roe
American Lutheran Church
Sacred Heart Catholic Church
Paul Manheart
Judge asks Nixon to explain why he withholds tapes in Watergate
Federal Judge Gerhard Gesell orders Nixon to publicly state why he opposes turning over five subpoenaed Watergate tapes and why disclosure would not harm the public interest. He also trims a broad documents subpoena to White House aides, noting it is vague and not enforceable.
MENTIONED IN THIS ARTICLE
Jeffrey Mills
Associated Press
Washington
Nixon
Senate
U.S
Gerhard A. Gesell
Gesell
White House
Samuel Dash
Watergate Committee
Dash
Watergate
Justice Department
Also Mentioned on This Page
Ford Motor
Dodge
Falcon
State Department
Henry A. Kissinger
Sheik Zayed bin Sultan
U.S. Middle East
Sabah Et Ahmed
Israel
Holy Places
Jerusalem
Kissinger
Syria
Dave
Airport State Hospital
Russell Means
Marlon Brando
Sph
Richard Hurd
South Dakota
Ralph Nader
Nader
Sam J
Ervin Jr
D-N.c
Robert A. Maheu
Richard G. Danner
NBC
ABC
CBS
Maheu
Howard R. Hughes
Nevada
Hughes
C.G
Bebe” Rebozo
Danner
Hughes’ Sands
Las Vegas
Rebozo
Ervin
Gerhard
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