Simon says U S will act if oil price hikes occur
Treasury Secretary William Simon hints at economic responses if OPEC raises oil prices. He notes short term nations can impose higher costs but sees no active counter measures yet. The CBO warns a $2.25 rise could slow recovery and lift unemployment while Ford moves to remove domestic price controls. Susan Ford to go professional with Topeka Capital-Journal photography staff.
MENTIONED IN THIS ARTICLE
Washington
UPI
Treasury
William Simon
United States
Simon Saiduesday
Organization of Petroleum Exporting Nations
Congressional Budget Office
Ford
Topeka, Kan
Susan Ford
Susan
Topeka Capital- Journal
PUC approves PG&E rate hike to cover fuel costs
The California Public Utilities Commission approved a 36.4 million increase for Pacific Gas & Electric to offset higher state fuel costs. Residential bills rise 44 cents until mid September, then shift to commercial users as the rate change mirrors a prior month action.
MENTIONED IN THIS ARTICLE
San Francisco
UPI
California Public Utilities Commission
Pacific Gas & Electric
Commission
PUC
Pg&e
California
Air Force approves cost cuts for B1 bomber design
The Air Force will save up to 250 million dollars by using fixed instead of controllable inlets on the B1 prototype, slowing high altitude speed. Gen Russell Dougherty announced the changes at Edwards Air Force Base while defending the program against claims of excessive cost.
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Los Angeles
UPI
Air Force
Russell Dougherty
Strategic Air Command
Edwards Air Force Base
Calif
Congress
Dougherty
Callaghan to meet Amin over Uganda dialogue
British Foreign Secretary James Callaghan agreed to enter discussions on Britain Uganda relations after Ugandan President Idi Amin pledged to pardon lecturer Dennis Hills who was condemned to death for calling Amin a tyrant. Hills fate remains unclear while Mobutu criticizes U S actions and hosts the talks in Zaire.
MENTIONED IN THIS ARTICLE
United Press International
James Callaghan
Idi Amin
Foreign Office
London
Callaghan
Britain
Uganda
Dennis Hills
Amin
Mobutu
Nsele
Zaire
Kinshasa
Hills
Organization of African Unity
Kam- Pala
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Mark Downs
CT CT Ee
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Reg
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J.C. Penney’s
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State Street
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Sears and
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North H St
Tecracke
Meyd Satin Eno
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Cayten Carex
China
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