Panel Questions Government Role With Oil Firms
Senate subcommittee to probe if U S policy enabled price and supply maneuvers by major oil companies with Persian Gulf states. Senator Church says three year lag on action and testimony from State Dept oil expert Akins raise questions about the government role. Hearings will review U S tax provisions to see if firms profit unduly from higher imported crude prices.
MENTIONED IN THIS ARTICLE
George Gedda
Associated Press
Washington
Senate
Mideast
U.S
Frank Church
D-Idaho
Church
Senate Foreign Relations Committee
State Department
James Akins
Saudi Arabia
Department
John J. McCloy
Ment
Akins
McCloy
High Point Public Housing figures and tax comparisons 1974
Don Hubbard outlines High Point public housing statistics for 1974 noting 952 rental units and 150 Turnkey IL units housing about 3,533 people, with a future total near 4,000 after new development. He cites pre-1970 figures, tax shifts from a $20,000 home, and that average public housing rent equals or exceeds real property taxes when valued at 100 percent, plus federal subsidies totaling about $900,000 annually.
MENTIONED IN THIS ARTICLE
High Point
Don Hubbard
Public Housing Authority
Rationing By Spring Possible
Washington lawmakers warned gasoline rationing could be needed by spring unless Arab oil shipments resume. Federal Energy Office ordered utilities cut power use five percent below normal next month and issued residual fuel allocations to cover 95 percent of February needs with a 12 day oil inventory by March 1. William E. Simon said allocations affect 148 utilities in 49 states, noted energy crisis hearings led by Sen. Henry M. Jackson.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
United States
Henry M. Jackson
Federal Energy Office
FEC
Jackson
Washington Democrat
CBS
William E. Simon
FEO
NEC
Frank N. Ikard
Pet
Suez City Siege Lifted as Israelis Withdraw From Egypt
Israeli invasion forces ended the 97 day siege of Suez City and handed control to the U.N. Emergency Force. About 300 square miles of Egyptian territory were surrendered and 15,000 civilians left the area. The pullout began amid celebrations as troops sang and waved captured Egyptian banners. UN troops moved in to separate the forces east of the canal and monitor the ceasefire.
MENTIONED IN THIS ARTICLE
David Lancashire
Associated Press
Suez
Egypt
Israel
Suez City
United Nations
Canal Bridges
Suez Canal
U.N
Reino Raitasaari
Adahiya
Saudi oil minister presses bilateral deal with Japan
In Tokyo Saudi oil minister Ahmed Zaki Yamani urges Japan to trade technology and industrial equipment for Saudi oil, warning the Nixon oil conference could block such deals. He says oil pricing will be in technology, not dollars, and favors direct cooperation over confrontation. He criticizes funding SDRs via IMF as impractical to ease oil import costs.
MENTIONED IN THIS ARTICLE
John Roderick
Associated Press
Tokyo
Saudi Arabia
Japan
Nixon
Ahmed Zaki Yamani
Yamani
Nixon proposes pension boosts for veterans and GI education aid
President Nixon unveils a $13.6 billion veterans package including automatic cost of living raises for 2.4 million pensioners and an eight percent boost in GI education benefits. He urges Congress to restore Veterans Day on November 11 and outlines Hospital construction, more medical staff, and reorganized pension needs to match welfare levels.
MENTIONED IN THIS ARTICLE
Gaylord Shaw
Associated Press
Washington
Nixon
Congress
Capitol Hill
State of the Union
Oil Price Adjustment Indicated by Saudi Minister
Saudi oil minister Ahmed Zaki Yamani said King Faisal may order a temporary price cut due to the impact of steep increases on rich and poor nations. He argued current prices undervalue oil given supply and demand and that the government aims for a fair price as Yamani and Belaid Abdessa lam tour to explain policy and seek barter deals bypassing Western marketers.
MENTIONED IN THIS ARTICLE
Saudi Arabia
Faisal
Yamani
Porter pleads guilty to lying to FBI in Watergate case
Herbert L. Porter former Nixon reelection scheduling director pleaded guilty to making false statements to a federal agency about a Watergate related matter. He admitted discussing a $100000 plan with Jeb Stuart Magruder that did not exist. Porter cooperates with prosecutors and faces up to five years in prison and a $10000 fine. Magruder had pleaded guilty previously and cooperates as well. The case follows broader Watergate fallout and impeachment discussions amid remarks by Atty. Gen. Saxbe.
MENTIONED IN THIS ARTICLE
Donald M. Rothberg
Associated Press
Washington
Nixon
FBI
Herbert L. Porter
Laguna Niguel
Calif
Richard Ben Veniste
Porter
Jeb Stuart Magruder
Ben Veniste
Magruder
Campaign Committee
Senate Watergate Committee
Watergate
G. Gordon Liddy
Grand Jury
Atty
William B. Saxbe
Saxbe
Congress
Jerry Ford
Herbert
Building Igloo Snow Avalanche Buries Two Girls
An avalanche up to 25 feet deep buried two girls while a rescue party faced a second slide near Source Lake 50 miles east of Seattle. Jean Kisman and Linda Angell were among a snowshoeing party building an igloo when the slide hit Chair Peak. A police spokesman said the first slide 500 by 300 feet trapped the group as rescuers paused the search awaiting an avalanche control team.
MENTIONED IN THIS ARTICLE
Hyak
Wash
King County
Jean D. Kisman
Seattle
Linda D. Angell
Renton
Source Lake
Cascade Mountain Alpental
Also Mentioned on This Page
Persian Gulf
S. B. A. Joh Ward
High Point College
Ward
Anon. A
Internal Revenue Service
U. S
Greensboro
Federal Place
By Randolph E. Schmid
Africa
Henry A. Kissinger
West Bank
Beach Head
Takeo Fukuda
International Monetary Fund
IMF
House
The
Veterans Administration
America
Cessevecereanee
AA Financial
Belaid Abdessalam
Algeria
Herbert Porter
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