Energy package centers on oil price decontrol and excess profits tax
President Carter’s plan reportedly uses phased decontrol of crude oil prices through 1981 with all controls ending by September 1981. An excess profits tax on oil companies is expected to be coupled with deregulation, while specifics remain to be worked out by Congress. Distinguished officials and senators discussed gradual price lifting, plus potential ethanol gasoline blends and tech investments to curb long term oil cost surges.
MENTIONED IN THIS ARTICLE
Washington
Carter
Kentucky
Wendell Ford
D-Ky
Congress
Ford
Administration
White House
Organization of Petroleum Exporting Countries
American Petroleum Institute
Treasury
W. Michael Blumenthal
James R. Schlesinger
James McIntyre
Stuart Eizenstat
John Durkin
D-N.h
Robert C. Byrd
West Virginia
Russell Long
D-La
Dale Bumpers
D-Ark
Lloyd Bentsen
Texas
Frank Church
Idaho
Schlesinger
Transportation
Brock Adams
Iran offers limited autonomy to Kurdish rebels amid Sanandaj standoff
In Sanandaj Kurdish rebels received a proposal for limited autonomy as Ayatollah Taleghani and Khomeini envoy spokesmen urged surrender of the radio station and airport. Meanwhile 16 of the youngest detainees were freed, leaving 97 held at an army barracks while the crowd waited for further releases.
MENTIONED IN THIS ARTICLE
Sanandaj
Iran
Ayatollah
Ruhollah Khomeini
Seyyed Javadi
Khomeini
Ayatollah Mahamoud Taleghani
Kurdistan
Taleghani
Tehran
Mad Reza Pahalvi
Elvis Leaves Estate of 7.6 Million in Royalties
Elvis Presley estate valued at 7.6 million with nearly 3 million in royalties. Judge approves accounting covering Aug 16 1977 to July 31 1978. Net estate down from nearly 15 million. Lisa Marie, Vernon Presley, and Minnie Mae inherit portions. Priscilla not named in will.
MENTIONED IN THIS ARTICLE
Memphis, Tenn
Elvis Presley
Joseph W. Evans
Presley
Lisa Marie
Vernon
Elvis
Minnie Mae
Vernon Presley
Priscilla Presley
Bloom Reappointed to Utility Panel by Thornburgh
Robert Bloom the sole GOP Public Utility Commission member has been reappointed by Governor Thornburgh. Details on page 3 outline the implications for the agency and local oversight.
Cantilever for arthritic feet at Kim's Shoes
Diamond's opens Sunday 10 6 for a sale as Cantilever footwear featured for arthritic feet. Open bowling at Indiana Elks Sunday 1 5 highlights community events and shopping hours.
MENTIONED IN THIS ARTICLE
Kim
Indiana Elks
Critics say voluntary controls fail as inflation climbs high
Washington critics of Carter's voluntary wage and price guidelines cite February 1.2 percent price rise and an annual rate near 15 percent as proof the program does not curb inflation. AFL CIO leader George Meany calls for full controls, while White House officials defend the guidelines amid rising costs in food, fuel, and housing.
MENTIONED IN THIS ARTICLE
Washington
Carter
America
Aflcio
George Meany
Meany
Lyle E. Gramley
President's Council of Economic Advisers
White House
Jody Powell
Powell
Rainy Weather Brings Colder Outlook and Snow Flurries
Chief Tommy Hawk welcomed light rain to reduce brush fire danger as temperatures dip. Wet conditions shift to snow flurries overnight with lows 30 to 35, then a cold Sunday 35 to 40. Extended outlook shows continued cold into Monday and Tuesday with 15 to 25 lows and mid 30s to mid 40s highs, warming to mid 40s to 50s by midweek.
MENTIONED IN THIS ARTICLE
Tommy Hawk
Desertion case could lift Garwood to firing squad
Marine Pfc. Robert R. Garwood faces possible execution for desertion and collaboration with the enemy after Vietnam captivity. Pentagon officials say he could be the first American executed for desertion since World War II, with possible lesser penalties including prison or dishonorable discharge.
MENTIONED IN THIS ARTICLE
Naha
Okinawa
Robert R. Garwood
Pentagon
Army
Eddie Slovik
Belgium
Bob Bowen
Garwood
Marine Corps
Greensburg
Ind
Bowen
U.S. Naval
Vietnam
Bennett named Bancorporation chair as stock stake grows
Edward B. Bennett Jr of Indiana and Santa Fe acquires over 46 percent of Bancorporation of New Mexico, becomes chairman after buying 160120 shares at 42.75. Competing bids at 44 a share target 180000 to 200000 and 90000 shares. Bennett notes Bancorporation controls Fidelity National Bank Albuquerque First National Bank Santa Fe and First State Bank Taos.
MENTIONED IN THIS ARTICLE
Edward B. Bennett Jr
Indiana
Santa Fe
New Mexico
Bancorporation of
New Mexico Bancorporation, Inc
George Maloof
Albuquerque
First National Bank of
David Bolger
Hackensack
N.J
Bennett
The
National Bank of the Commonwealth
Bancorporation
Sunbelt
Fidelity National Bank
First National Bank of Santa Fe
First State Bank of Taos
Area A P Escapes Closings
The Associated Press reports more than 170 A P stores will close nationwide, including 43 in the Pittsburgh area. Altoona Division stores in Indiana and Jefferson Counties stay open, per Ralph Krueger, VP GM. Closings begin this weekend affect Cleveland, Pittsburgh, Milwaukee divisions and reduce operations in Chicago Boston and northeastern New York.
MENTIONED IN THIS ARTICLE
A&p
Pittsburgh
Altoona
Indiana
Jefferson Counties
Ralph Krueger
A&P’s
Altoona Divison
Cleveland
Milwaukee
Chicago
Boston
New York State
Carter Family Peanut Business Probe Broadens Powers
Attorney General Bell expanded the Curran probe granting indicting power without DOJ approval and keeping immunity decisions reserved to the attorney general. The inquiry targets nearly 7 million in National Bank of Georgia loans to the Carter peanut warehouse in 1976 77 and links to Bert Lance. Billy Carter runs operations. Carter’s interest sits in a blind trust managed by Charles Kirbo.
MENTIONED IN THIS ARTICLE
Washington
Griffin B. Bell
Carter
Bell
Paul J. Curran
Nixon
New York
Justice Department
Curran
Attoney
Congress
National Bank of Georgia
House Judiciary Committee
Dan Lungren
R-Calif
House
Senate
James Sensenbrenner
R-Wis
Watergate
Georgia Bank
Bert Lance
Lance
Billy
Charles Kirbo
Also Mentioned on This Page
Robert Reightneour
Gulf Oil Co
Amity Township
Pottstown
Allen, Clair
Brown
John P
Punxsutawney RD
Carnabuci
Mary
Avonmore
Haney
Vincent Keith II
Gazetai
Harrisburg
Frank Fitzsimmons
Teamsters Union
Alfred Kahn
Teamsters
Kahn
U.S. Marine
Cong
Bangkok
Thailand
Ho Chi Minh City
Saigon
U.S
United States
NBC News
Hanoi
N.M. Bank
Don Mann
Associated Press
Robert Dole
Kan
Dole
Robert McClory
Ill
Thomas N. Kindness
Robio
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