Iraq Nationalizes IPC and Halts Oil Exports
Iraq's government seizes the Iraqi Petroleum Co. IPC and suspends Mediterranean oil exports from Banias and Tripoli as Syria nationalizes the pipeline. President Bakr pledges compensation and a new company to run assets while Baghdad seeks Moscow and Paris for marketing and support. OPEC holds Beirut meeting as oil supply tensions rise across the Middle East.
MENTIONED IN THIS ARTICLE
Beirut
Mediterranean
Moscow
Iraq Petroleum Co
Ahmed Hassan al Bakr
Middle East
IPC
Baghdad
Iraq
Banias
Syria
Tripoli
Tirag
Bakr
Pel
Organization of Petroleum Exporting Countries
OPEC
Abu Dhabi
Algeria
Indonesia
Iran
Kuwait
Libya
Nigeria
Qatar
Saudi Arabia
Vene Zulela
Nixon Sees New U S Soviet Ties After Moscow Summit
President Nixon urged Congress to approve the Moscow pacts and a two part treaty to limit both offensive and defensive missiles. He hailed a new U S Soviet relationship and outlined space, medical, and trade accords while noting Vietnam talks remain delicate.
MENTIONED IN THIS ARTICLE
Washington
Moscow
Nixon
Congress
Andrews Air Force Base
Henry M. Jackson
John M. Ashbrook
Robert P. Griffin
Michigan
Senate
GOP
White House
Florida
House
Capitol Hill
Peking
Joint Commercial Commission
United States
U.S.S.R
Soviet Union
Soviets
Warsaw
Austria
Iran
Leonid Brezhnev
Treasury Study Urges End to Deductions and Capital Gains Tax Reform
A confidential Treasury memorandum by Undersecretary Edwin S. Cohen argues for eliminating all personal deductions and taxing capital gains at the same rate as ordinary income to simplify the tax code. The 1-year-old memo, released by Ralph Nader’s Tax Reform Group, notes these as the best routes to simplification, though Cohen opposed other proposed ideas.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
Treasury
Edwin S. Cohen
Cohen
White House
Nixon
Congress
Tax Reform Research Group
Ralph Nader
Weekend Warmth Across Kentucky Forecast
Mostly clear and mild tonight with lows in the upper 50s. Saturday stays sunny and warm with highs in the mid 80s. Rain chances rise slightly to about 10 percent through tomorrow as a warming trend continues. East Kentucky will see lows in the 50s while the west warms more. tomorrow's highs reach the 80s.
MENTIONED IN THIS ARTICLE
Kentucky
EPA adopts best practicable yardstick for water pollution
The EPA says all industries must use technology broadly usable to control water pollution, replacing the old judgment approach. The policy sets a nationwide bare minimum based on demonstrated reliability and generally affordable cost, with regional discharge limits to be clarified for major industry categories.
MENTIONED IN THIS ARTICLE
Washington
Environmental Protection Agency
John R. Quarles Jr
EPA
Quarles
Associated Press
Price Commission refunds total $1.85 million to date
The Price Commission reports $1.85 million in direct and indirect refunds ordered for 42 firms. Officials expect larger rollbacks as staff review price reports, with Ford seen as a recent pioneer in voluntary cuts. Major firms may face further price limits and broader rollbacks.
MENTIONED IN THIS ARTICLE
Washington
The
Price Commission
Commission
C. Jackson Grayson Jr
York
Busineses
Ford Motor Co
Grocery Prices Up In May As Farm Costs Rise
Washington AP reports a May surge in food prices lifting wholesale costs. Farm products climbed 1.4 percent after two months of decline while overall wholesale prices rose 0.6 percent. Unemployment remained at 5.9 percent with no improvement in job seekers.
MENTIONED IN THIS ARTICLE
Washington
Bureau of Labor Statistics
Phanotm jets attack Hanoi power plant and bridge
U S Phantom jets bomb Bao Giang power plant 25 miles northeast of Hanoi destroying the center spans of a northeast rail bridge to China. The 12 000 kilowatt facility powers war plants and surrounding support buildings suffered fire and smoke, while a second strike hit the Ceo Nun railroad bridge near the Hanoi China border.
MENTIONED IN THIS ARTICLE
Saigon
Hanoi
China
U.S
Bao Giang
North Vietnam
Air Force
Song Hoa
Also Mentioned on This Page
Mideast
Lebanon
London
Standard Oil of
New Jersey
Mobil
British Petroleum
Royal Dutch Shell
Compagnie Francaise Des Petroles
Gulbenkian Foun
Dation
France
Rumelia
Aster
America
United States of America
Indochina
Edmund S. Muskie
Maine
Henry A. Kissinger
Marist College
Lake Onondaga
Syracuse
N.Y
Ann Landers
Aeer Gardens
Seenes Heloise
Valley News
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