Oil Decontrol Deadlock Hovers Over Ford Plan
Administration sources see a 45 day target for a compromise decontrol plan while senators press for action. Ford may veto a six month extension amid Democratic push and Republican pressure from Dole and Curtis. If controls return, import fees of $2 per barrel on crude and 60 cents on refined products could stay until gradual decontrol begins.
MENTIONED IN THIS ARTICLE
Mansfield
Ford
Robert Dole
Kansas
Carl T. Curtis
Nebraska
Henry M. Jackson
D-Wash
Ford sets 5 per limit on federal pay hikes
President Ford caps pay raises at 5 percent for Congress judges cabinet officers the Vice President and about 5 million federal workers rejecting the 8.66 percent Civil Service Commission proposal. Meany denounces the move as unfair a Labor Day burden while prices rise.
MENTIONED IN THIS ARTICLE
Ford
Washington
UPI
Congress
Nelson A. Rockefeller
Civil Service Commission
Portugal's Azevedo tipped to lead new government
After days of talks among Portugal's military leaders and political figures, Azevedo emerged as the leading candidate to replace Goncalves. The announcement noted he was willing to take the premiership if objections were withdrawn, signaling possible shifts in backing from Communist and non Communist parties.
MENTIONED IN THIS ARTICLE
Portugal
Azevedo
Communist Party
Gorcalves
Socialist Party
Mario Soares
Gon
Goncalves
Carlos Fabiao
Niagara Gorge raft disaster leaves several dead or missing
A Niagara Falls raft promotional trip on the Niagara River near the whirlpool ended in catastrophe as a 37-foot craft overturned in rapids. Reporters and businessmen aboard saw five float to the Canadian shore, two were pulled from the water but failed to revive, and others were treated for injuries. Police noted rescue boats impeded by rapids and helicopters used from Buffalo.
MENTIONED IN THIS ARTICLE
David Kewley
Niagara Falls
Ont
Kenley
Frank L. Bilotta
Whirlpool Park
Bilotta
Niagara Helicopter, Inc
Buffalo
Niagara Falls Memorial Medical Center
Mt. St. Mary's Hospital
N.Y
Snake River
Colorado
Niagara River
Niagara
U.S
John Silva
Butterfield and Robinson Travel Agency
Toronto
Venezuela Nationalizes Oil Industry In Major Takeover
Venezuela announced the nationalization of its 2.5 million barrel per day oil business and plans to compensate foreign firms by December 31. The move affects about 20 oil companies including Exxon Shell Gulf and Mobil after nearly five billion barrels of oil were pumped from the fields over six decades. The government estimates compensation at roughly 1.2 billion dollars based on unamortized fixed assets.
MENTIONED IN THIS ARTICLE
Caracas
Venezuela
UPI
U.S
Exxon
Shell
Gulf
Mobil
Autopsy Planned in Hydrophobia Death of Lawndale Boy
An autopsy is scheduled today for a two year old Lawndale boy who reportedly stopped breathing because of his fear of water later described as hydrophobia in the report.
MENTIONED IN THIS ARTICLE
Lawndale
California bill bans asking about unconvicted traffic arrests
Gov Gavin Brown signed a measure by Assemblyman Walter Ingalls prohibiting auto insurance firms from questioning applicants about traffic arrests for which they have not been convicted. The law takes effect January 1. A separate incident reports a boy Aurelio Martinez died after fear and near drowning following an attempted face wash, with family contact in Lawndale and Gardena hospital details.
MENTIONED IN THIS ARTICLE
Sacramento
Guv Brown
Walter Ingalls
U S says Japan must play stronger defense role
Secretary of Defense James Schlesinger told reporters in Tokyo that Japan has been too passive and urged an active role while reaffirming Japan as an indispensable Pacific ally. He called for improved maritime anti submarine capacity air power and logistics within a self defense frame. A new defense consultative mechanism was agreed with Premier Takeo Miki and State Minister Michita Sakata.
MENTIONED IN THIS ARTICLE
New York Times
Tokyo
James Schlesinger
Schlesinger
United States
Japan
Pacific
Takeo Miki
Defense
Michita Sakata
Interest hiked on FHA VA home loans
The government raised the maximum interest rate on FHA and VA insured loans by 0.5 point to 9 percent, boosting monthly payments for a $40 000 loan over 30 years by about 14 dollars while reducing seller points. The change reflects ongoing rate pressure affecting housing recovery.
MENTIONED IN THIS ARTICLE
Washington
Federal Housing Administration
Veterans Administration
Federal National Mortgage Association
Gas stations open for Labor Day weekend with higher prices
The American Automobile Association reports 92 percent of 18 states service stations would be open today and 85 percent for Sunday and Monday. Average regular gas costs 61.1 cents, unleaded 63 cents, and premium 65 cents per gallon. Some stations stay open after 10 p.m. and a minority offer around the clock service.
MENTIONED IN THIS ARTICLE
Washington
American Automobile Association
AAA
Also Mentioned on This Page
Peru
Lima
Francisco Morales Bermudez
Juan Velasco
Afl-Cio
George Meany
Meany
Sorgia Martinez
Freeman Ave
Sheriff's Deputies
Aurelio
Lennox
Aurelio Martinez, Sr
Gardena Memorial Hospital
Redding
Robert Paul Sander
California
Carla A. Hills
Barr
Dooley
Dooley’s Presents
Dooley’s
Dooley’s Hardware Mart
Long Beach Blvd
NO. Long Beach
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