Zarb warns of new oil embargo and gas lines risk
Federal Energy Administrator Frank Zarb says a fresh oil embargo could worsen shortages beyond long gas lines, risking no gasoline or power in some areas. He urges a four point plan to 1985 including conservation, boosting domestic production, coal growth, and nuclear power to achieve energy independence.
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Automakers fear rubber strike may stall surge
Detroit reports say the United Rubber Workers strike could slow auto sales later this year. GM Ford and Chrysler executives warned of possible shutdowns if the strike lasts a month, while analysts note near record spring sales and pending shortages in mid and luxury models.
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IRS reports higher accuracy in tax support
The IRS shows improved taxpayer help with an 8 percent error rate on 125 test calls by the Ways and Means subcommittee, down from 25 percent a year earlier. IRS tests also show answer quality rising through March from 14.6 to 9.2 percent error as the season progressed.
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Wise Men Crystal Ball Forecasts Prove Cloudy in 1957 Report
The Gaither Commission 1957 forecast predicted a Soviet missile gap by 1959 60 and urged massive defense spending and fallout shelters. It warned of US lag in ICBM capability, later shown false, with nuclear arms talks and stability concerns outlined as declassification and hearings loom.
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