15 Dec 1977
Page 1
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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Dec 15, 1977
Page
1
Senate negotiators drop college tuition tax credit demand and back a sweeping Social Security bill boosting employer and employee taxes by 227 billion through 1987. The plan raises the rate to 6.5 percent and the wage base to 17,700, with higher benefits and future tax steps to shore up trust funds.
The Cairo conference opens amid hopes for a Middle East settlement as Egypt and Israel meet to set groundwork for peace. Begin meets Carter in the United States after discussions with delegates in Cairo and New York.
A fog bank rolled into coastal areas Wednesday night easing Long Beach Airport operations. At L A International, runways remained in normal use with visibility 10 to 12 miles at 9 30 p m. Weathermen forecast morning coastal fog then afternoon sun and increasing low clouds Friday.
A national farmers strike began with tractors blocking grocery warehouses in Texas and grain belts in the Midwest and South. Picketing and barricades disrupted stockyards in Oklahoma City, rail lines in Georgia, and shipments from Texas stores, while Iowa and Illinois cited weather and prices as factors.
A single engine two seater Cessna 150 crashed about 18 miles from Laguna Beach sinking 240 feet in offshore waters at 11 35 a m. Five possible co owners were listed while Harbor Patrol investigated. Witnesses saw aerobatic maneuvers before the crash.
Heavy rains lash the Northwest and spur rising rivers toward flood levels. The Pacific storm stretches from British Columbia to Northern California, with additional rain forecast into the San Joaquin Valley and heavy Sierra snow. Authorities note high river levels but no current floods. Smith River near flood stage and Klamath River rising as precipitation soaks north coast towns. Shel ter Cove and Crescent City report heavy totals with Kentfield seeing extreme rainfall.
Sohio asked the Air Quality Management District to approve six potential emission trade offs for its proposed Long Beach oil tanker terminal. A key option would convert waste heat from industrial plants into steam to generate electricity to cut smog in the South Coast Basin. The board took no action, leaving unresolved how much the company must transfer to meet rules.
A business poll projects a fifty percent chance of a recession within the next two years. The survey cites concerns over inflation rates, interest costs, and global demand.
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