Israel Faces Need for Something New on Peace Proposals
A senior official aboard Henry Kissinger's plane predicted Israel must craft a new approach in response to concrete Egyptian interim peace ideas. Kissinger flew from Aswan to brief President Sadat's latest troop withdrawal proposals to Prime Minister Rabin and the cabinet, which will discuss them Sunday.
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UPI
Henry Kissinger
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Middle East
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Humphrey to repay taxes on donated papers
Senator Hubert Humphrey accepted an IRS ruling disallowing deductions for donations of his vice presidential papers to the Minnesota Historical Society. He will pay taxes on 1969 to 1972 deductions plus 6 percent interest, with no bill yet issued.
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UPI
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California Senate OKs renter tax credits up to 45 dollars
The California Senate approved urgent legislation AB932 to ensure renter income tax credits of 25 to 45 dollars, transferring 60 million dollars between state accounts after budgeted funds proved insufficient. Gov Brown awaits the bill after a 33 to 2 vote, with Republicans Richardson and Whetmore dissenting.
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Edmund R. Brown Jr
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Oil Firms Set for Billions in Profit Amid Tax Break Debate
UPI reports major U.S. oil companies could earn at least 4 billion in profits this year from price hikes, with 2.4 billion from depletion allowances. Senators Kennedy Hollings and Magnuson push to end the 22 percent depletion deduction as House backs ending it.
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Portugal Banks Nationalized by Left Wing Regime
In Lisbon the Supreme Revolutionary Council took control of Portugal's commercial banks and pledged no impact on foreign branches. The move followed unrest rumors and tank and air force activity. Union leaders urged vigilance as workers formed barricades overnight.
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Shotgun Fatality Ties Deputy to Store Homicide
Mono County sheriff's deputy Tom Stoneburner, son of a county official, fired a shotgun blast that killed Kathleen M. Delhay 19 during a grocery store robbery. The deputy has been relieved of duty. two bandits Michael D. Busby 23 and Gene B. Waters 30 were captured and charged with murder burglary attempted robbery and conspiracy.
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UPI
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Mono County
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Burns says Fed overstates economy control
Federal Reserve Chair Arthur F Burns testified before Congress that the Fed does not control the money supply and that banks and the private economy determine it. New Yorks weekly report shows the money supply dipping 0.1 percent to 284.4 billion.
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Bus turns over injuring two elderly tourists in Tulelake
A charter bus carrying 37 elderly passengers fishtailed on a snowy icy highway in California and rolled onto its side. Two persons suffered serious injuries. The crash occurred on State Highway 139, about 80 miles southeast of the December 1965 Greyhound disaster. The Vancouver-Portland Bus Lines vehicle was following another charter returning from Reno to Oregon, when a car braked ahead and forced the second bus to swerve and overcorrect.
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UPI
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Mike Kotek
Portland
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Auto sales dip to 14 year low amid rebate end
Early March new car sales slid to a 14 year low with 139,616 units sold, down 3.4 percent from last year. GM posted a 23 percent year over year rise, while Ford and Chrysler posted declines and AMC reduced hourly employees.
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