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Newspaper
Lawton Constitution
Location
Lawton, Oklahoma, United States of America
Date
Jun 21, 1976
Page
11
The midyear picture shows progress in the economy with indicators improving but uneven. Alan Greenspan raises real growth forecast to 7 percent for the year, topping earlier estimates, while Wharton projects 6.6 percent GDP in 1976 amid high interest inflation and unemployment.
The U.S. government completed closing its final two military bases in Thailand on Sunday, ending a decades old presence. Officials said the move marks a strategic drawdown in Southeast Asia as soldiers depart and facilities are shut down.
An Army soldier suspected of drugging 24 fellow GIs with LSD escaped punishment after discharge because investigators linked him too late. The incident occurred Feb 26, 1975 at a West Germany communications center during an NATO exercise. Hoffmann said the CID will refer the final report to the Justice Department for action.
South Africa officials blame black political agitators for last week’s Johannesburg area riots while critics point to a Soweto student protest over Afrikaans language instruction. An official commission will probe causes amid calls for homeland independence and renewed tensions between white minority rule and black majority.
Egypt President Anwar Sadat arrived in Riyadh for discussions with King Khaled and Prince Fahd on the Arab-Israeli conflict and the Lebanese crisis. Yasir Arafat also joined, aiming to unite Arab efforts and end Lebanon’s bloodshed while pursuing Palestinian rights.
Iran will buy 6.25 million shares of Occidental Petroleum preferred stock for 125 million dollars, gaining a board seat and warrants. The deal includes joint Caspian Sea oil exploration with Iran and Occidental, plus Iran processing and marketing of some oil and cross investment in cattle breeding and real estate. Agreement signed by Hushang Ansari and Armand Hammer awaits approvals from both governments and Occidental board.
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