Price rises seen getting bit less in coming years
Washington AP report notes inflation may ease this year with 8.5% first-half rates, then 4.5–6.5% next year. Rivlin, head of the CBO, says ending gas price controls could cost about $16 billion annually until 1965, while food prices moderate and other costs stay stable. Inflation likely to linger, and big spending cuts could trigger job losses. unemployment may fall below 3% only with a large investment surge.
MENTIONED IN THIS ARTICLE
Washington
Congressional Budget
Alice Rivlin
Senate Budget Committee
Rivlin
Congress
Carter
Senate Committee
Oil leak worse than reported in Alaska pipeline incident
In Alaska an oil leak from the Alyeska Pipeline spilled about 1H barrels, far exceeding earlier estimates. Officials cited the spill into two small lakes with no viable aquatic life, and noted the line’s third shutdown in 16 days with restart eight hours later. Environmental damage remains undetermined. fines under a new law take effect next year.
MENTIONED IN THIS ARTICLE
Anchorage
Alaska
Alyeska Pipeline Service Co
Cy Price
Alyeska
Interior Department
Price
Carter cites looting causes and urban reforms
Carter says looting in blackout New York was driven by unemployment, especially among young people in minority groups. He urges targeted changes in housing health education and job programs to restore public confidence and improve urban areas and police-community relations.
MENTIONED IN THIS ARTICLE
New York
Carer
Carter
Carter adds Mintz as FBI director candidate
President Carter named FBI general counsel John A. Mintz as a candidate for director of the FBI joining the five originals from a selection panel. The panel sought successors to Clarence M Kelley who plans retirement at year’s end. The five others include John J. Irwin Jr., William Lucas, John K. Van de Kamp, Neil J. Welch, and Harrington Wood Jr.
MENTIONED IN THIS ARTICLE
Washington
Carter
FBI
John A. Mintz
Bureau
White House
Mintz
Clarence M Kelley
John J. Irwin Jr
Massachusetts Superior Court
William Lucas
Wayne County
Michganl
Los Angeles County
Dist
Atty
John K. van de Kamp
Neil J. Welch
Philadelphia
U.S. Circuit Court
Harrington Wood Jr
Chicago
Fail-safe added to blackout woes in New York
New York City and Westchester faced a prolonged power blackout as a fail-safe Con Edison system, designed to auto-cut load, released too much power and threw the grid out of balance. Arthur Hauspurg, president of Consolidated Edison, said the relays contributed to the outage, knocking Waterside and Ravenswood stations offline and leaving the system unable to recover from outside supply losses.
MENTIONED IN THIS ARTICLE
New York
Nyt
New York City
Westchester County
Arthur Hauspurg
Consolidated Edison Co
New Jersey
Hauspurg
Waterside
Ravenswood 3
Also Mentioned on This Page
Independent Dent
Press-Telegram
Lona Osmai
Congressional Budget Office
Owen Cooper
Yazoo City
Miss
President Carter
Sean
BankAmeric
Isle Insil
Carte Blanche
Amit
Gordonis Jewelers
Cerritos
Gordon’s
Los Cerritos Shonpina Center
Freeway
South St
California
Northridge
Westminster
City of Industry
Ontario
Culver City
Hawthorne
Bakersfield
Gordon's
Aruang Wit Sano Cham Uubht
Reguler
Wen
AAA
Venture
Reguity
Fianta
Long Beach
Long Leach Blvd
Ninth
Garden Grove
Chapman
Brookhurst
Thanet Ria
Coast Guard
Sfinking Eagubar
Spneaer
Fateh
Pans Tuo
Ela
Bret
Iria
Diz
Garcia
Akewood ‘Cakewood
Costa Mesa
Harbor Blvd
Harbor Center
Fullerton
W. Oramgethorpe
Marbor Blvd
Torrance 1
Hawthorne Blvd
Downey
Firestone
Stonewold den
Golden T
Coiner
Long Beach Tire
E.ath
David Goren
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