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Newspaper
Hope Star
Location
Hope, Arkansas, United States of America
Date
Dec 31, 1977
Page
2
Amid record harvests and vast grain stocks, farmers face limited 1978 improvements. Wheat and corn reserves weigh on prices, prompting set aside programs and production shifts. Despite weather boosts and government supports, net farm income remains fragile as costs rise and exports falter.
Houston AP reports the oil industry recalls 1977 as a year of achievement amid continued uncertainties. Despite policy deadlock on tax and control proposals, executives expect more challenges, with open Trans Alaska pipeline and Prudhoe Bay output lifting domestic production. Prudhoe Bay crude raised overall output. oil and gas drilling reached an 18 year high.
Controversies over sex riddle the religious world in 1877 and the turmoil continues. Debates from church studies re examining rules to women clergy in the Episcopal Church spark uproar. The era sees clashes over abortion homosexuality and gay rights in church and society.
The 1977 auto industry posted gains across sales profits and imports, led by GM and Ford, with a record 14.9 million total industry sales and GM posting a $1 billion quarterly profit. Imports rose 38 percent while domestic makers rose 7 percent, as recalls and legal issues surfaced and forecasts for 1978 varied among executives.
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