Reagan State of the State draws mixed reactions
Sacramento Republicans gave cautious support to Governor Reagan's annual State of the State address while Democrats blasted it as weak. Reagan touted progress and energy measures, urged voluntary conservation, and proposed a constitutional balance budget requirement amid anticipated legislative resistance.
MENTIONED IN THIS ARTICLE
Sacramento
UPI
Ronald Reagan
Reagan
John Burton
San Francisco
Senate
Fred Marler Jr
Redding
William T. Bagley
Willie L. Brown Jr
Ways and Means Committee
Interlocking oil and bank boards raise competition worries
A Washington study by Stanley H. Ruttenberg & Associates for MEBA finds extensive interlocking directorships between major oil companies and top banks and insurers. The network ties 14 banks to 18 oil firms, enabling coordinated actions and reduced competition per the report.
MENTIONED IN THIS ARTICLE
Washington
UPI
Stanley H. Ruttenberg
Ruttenberg
Bank of America
Standard of California
Union Oil
Getty Oil
Bankers Trust
Mobil
Continental Oil
Chase Manhattan Bank
Standard Oil of Indiana
Atlantic Richfield
Diamond Shamrock
Exxon
Cities Service
Security Pacific Bank
Kerr-McGhee
Western Bancorporation
Standard Oil of
California
More SBA field offices Under Investigation
UPI reports investigators expanded probe into four or five SBA field offices joining 22 already under scrutiny by the House Small Business Subcommittee. Tips from SBA employees borrowers and others prompted visits, with one call leading to an on site review. Investigators say most tips held validity though several were crank leads.
MENTIONED IN THIS ARTICLE
Washington
House Banking Committee
SBA
House
Richmond
Mass railroad walkouts halt London area trains
London commuters faced mass rail stoppages as engineers walked off after a driver was sent home under the no work, no pay rule. Union leaders warned of a possible wider strike as coal miners and rail workers press for action amid a three day work week and rising unemployment.
MENTIONED IN THIS ARTICLE
London
UPI
Britain
British Rail
Scotland Yard
Ace
Joe Gormley
Mike McGahey
Mineworkers Union
Skylab astronauts earn relaxed day on 56th mission day
Flight director Phili Shaffer says Gerald Carr Edward Gibson and William Pogue earned a rare day off after two days of unprecedented research totaling over 30 hours. The 56th day of an 84 day mission featured an open flight plan with few scheduled tasks and off duty time limited to showers meals and self selected activities.
MENTIONED IN THIS ARTICLE
Houston
UPI
Phili Shaffer
Skylab
Gerald P. Carr
Edward G. Gibson
William R. Pogue
Shaffer
Gibson
Carr
Bread price threat sparks home baking push
United Press International reports a rise in flour costs pushes homemakers to bake bread at home while industry leaders warn a 24 ounce loaf could reach $1 by late spring without export curbs. Officials hedge that wheat prices may not rise substantially and see no need for controls.
MENTIONED IN THIS ARTICLE
United Press International
Barbara Williams
Falls Church
Bill O. Mead
American Bakers Association
Washington
U.S
Mead
Carroll G. Brunthauer
Agriculture
Oil firms blamed for crisis as Congress eyes tough measures
Capitol Hill lawmakers consider punitive actions against oil majors amid shortages. Proposals include forcing disclosure of supply data, excess profit taxes, and possibly turning the industry into a public utility. Senators Jackson and Church push staff findings on withholding and supply gaps.
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