Worst trade deficit in history hits January records
The United States incurred its largest monthly trade gap on record in January with imports at 11.3 billion and exports 9.6 billion. Severe winter weather disrupted production and shipping, contributing to the deficit while officials noted prior deficits since May 1976 and the normal pattern of imports supporting trading partners.
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Washington
UPI
United States
Commerce Department
Department
U.S
United Press International
California-Oregon
Crescent City
California
Southland
Burbank
Oregon Coast
Sierra
Court to probe supertanker ban at Puget Sound
The Supreme Court agreed to hear Washington State's challenge to a lower court ruling striking down its supertanker ban in Puget Sound. The case tests state power versus federal regulation as Alaska crude oil flows to the lower 48 and ten states join the push to review the ruling next fall.
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UPI
Supreme Court
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Puget Sound
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Atlantic Richfield
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High Bench
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U.S. Appeals Court
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Pacific Maritime Association
Federal Maritime Commission
Five Realtors Lose Licenses Over Desert Land Pitch
In Sacramento five Investors Research International brokers had licenses revoked for high pressure sales claiming Antelope Valley desert land would grow like Cape Kennedy. They allegedly sold a parcel for 50 000 above appraisal and pushed ten year exclusive selling rights without proper public reports or disclosure as required by law.
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UPI
Antelope Valley
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IRI
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San Jose
David H. Fox
Tax relief bill to be heard in state legislature
Lawmakers opened full hearings on property tax relief with two days of sessions on bills to freeze assessed home values and cap local government spending. The Senate panel prepares for a death penalty vote with competing rival measures, while governors seek reforms.
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UPI
Assembly
Revenue and Taxation Committee
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Assembly Revenue and Taxation Committee
Willie L. Brown Jr
San Francisco
Brown
Robert Cline
Northridge
Senate Judiciary Committee
George Deukmejian
Long Beach
Informer claims FBI paid him for burglary
An imprisoned FBI informer says he was paid 4100 by two Denver agents for hush money about the FBI’s role in a Socialist Workers Party office burglary in Denver. He also claims he burglarized Rep Patricia Schroeder’s Denver home on FBI orders. The Justice Department is reviewing the allegations.
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UPI
Justice Department
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Socialist Workers Party
Denver
Washington Post
Timothy J. Redfearn
U.S
Redfearn
Patricia Schroeder
Post
Colorado Democrat
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