01 Nov 1977
Page 1
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Nov 01, 1977
Page
1
Pentagon officials say US cruise missile advances have outpaced Soviet air defenses and could penetrate even a large defense network. Carter backs rapid cruise missile development over the B 1 bomber as Washington predicts a lengthy Soviet effort to catch up.
The policy details overdraft fees around six dollars with possible waivers if covered the same banking day. Banks may notify by mail or phone, with flexibility based on customer history, and some offer cash reserve services to cover overdrafts automatically. The second item advises contacting the North Carolina Department of Revenue at 202 Boulevard, High Point, for unreceived tax refunds of 295 dollars.
The Associated Press finds coffee prices easing in March 1978, with a pound of ground coffee at about 3.50 or less in most areas. Overall grocery bills show small changes month to month as October and September results vary across 13 cities, with slight declines on average.
A study for the American Enterprise Institute argues oil industry profits have been higher relative to risk than often claimed. Shyam Sunder of the University of Chicago remeasures 1960s to 1975 profits, noting volatility and past losses, suggesting current profits may not signal a trend and challenging deregulation arguments.
The Tu-144 started scheduled passenger work with a two hour Moscow to Alma Ata flight, 1,992 miles east, marking 21 months behind Concorde. Aeroflot will run weekly Moscow Alma Ata trips, with reporters aboard. A ramp delay at Domodedovo briefly postponed takeoff.
Five costumed children toured the White House and DC embassies on Halloween. Guards offered nothing at the White House. Kissinger and Jackie Kennedy's relatives were away. Ethel Kennedy handed out dimes. a maid at Katharine Graham's Georgetown home offered chocolates. Woodward and other notable residents surprised trick or treaters with varied offerings.
In Oakland three men who pled guilty to kidnapping a Chowchilla bus driver and 26 children face trial over bodily harm charges. Ed Ray leads witnesses as victims recounts of the July 1976 abduction and 16 hours buried in a gravel quarry. The defense argues the children were unharmed and the case centers on a motive tied to a ransom note and movie plot fantasies.
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