Oil price surge shocks U S economy and markets
United States faces higher energy costs after a 14.5 percent oil price rise as OPEC raises prices and Mexico matches increases. The dollar weakens, stock averages fall, and inflation fears grow. Officials warn of recession risk. Gulf Oil and Schlesinger forecast higher gasoline prices. wage and price controls agencies foresee added inflation.
MENTIONED IN THIS ARTICLE
United Press International
United States
Organization of Petroleum
OPEC
Abu Dhabi
Federal Reserve
G. William Miller
Bonn
Paris
Tokyo
Mexico
Jorge Diaz Serrano
Petroleos Mexicanos
Mexico City
Sheikh Ali Khalifa
Sabah
Washington
State Department
Tom Reston
Council On
Gulf Oil Corp
Pittsburgh
Energy
James Schlesinger
Chamber of Commerce
Reston
Iran
Venezuela
Saudi Arabia
Carter to lead trip to China on trade prospects
President Carter directs Treasury Secretary Blumenthal and Commerce Secretary Kreps to visit China in February to explore trade and investment opportunities. He also orders aides to draft legal changes to open broader economic engagement with Beijing.
MENTIONED IN THIS ARTICLE
Carter Monday
Treasury
W. Michael Blumenthal
Commerce
Juanita Kreps
China
Editorial warns dangers to world peace from Carter policy
The piece describes President Carter pursuing a crash program on trade agriculture and business underpinned by strong public support. It notes China aims for modernization and economic power by century's end, seeks Washington Beijing ties and a broad set of U S transactions including weapons sales while stressing current law limits mutual defense with non diplomatic nations.
MENTIONED IN THIS ARTICLE
Carter
Washington-Peking
China
Homeless man gets big break for Christmas
Amory Mississippi. Chester Scott a homeless man claiming to be born in 1874 was jailed for a week after starting a restroom fire at an Amory ballfield. A Monroe County nursing home offered to take him in for Christmas and possibly permanently, with officials noting his years of scavenging.
MENTIONED IN THIS ARTICLE
Amopy
Miss
UPI
Chester Scott
Monroe County
Scott
Amory
Sheriff's Office
Mike Malski
Malski
Mississippi
Shenango district faces hearing in fish kill case
The Shenango Area School District paid a $100 fine to the Department of Environmental Resources for a July water pollution incident at its Old Pittsburgh Road bus garage. The Pennsylvania Fish Commission seeks $161 restitution for killed minnows, potentially via a hearing after year’s start, though the district prefers settlement.
MENTIONED IN THIS ARTICLE
Shenango Area
Department of Environmental Resources
Pennsylvania Fish Commission
Fish Commission
Wayne E. Shaffer
Joseph Houk
Old
Pittsburgh Road
Houk
DEA
Death Record Weather Update for Morain e State Park
A brief weather death record notes cloudy conditions, light snow possible tonight with a low near 30, and cloudy breezy rain Wednesday with highs in the low to mid 40s. Chance of precipitation 40 percent tonight and 60 percent Wednesday. At Morain e State Park 11 am temperature 27 degrees, calm winds, no precipitation, attendance Monday 951.
MENTIONED IN THIS ARTICLE
Pennsylvania
Moraine State Park
Christmas tree tops in Hawaii prices soar for scarce stock
In Honolulu Hawaii the new holiday symbol is a costly Christmas tree with four to six foot trees selling for 19 to 59 dollars as shoppers wait in long supermarket lines. About 26 000 fewer trees were imported this year creating a seller s market for merchants like Tobias Seaman who may air ship more trees before December 25. The shortage followed October cancellations by Matson Navigation Co diverting 110 refrigerated containers to trees amid a court battle.
MENTIONED IN THIS ARTICLE
Tobias Seaman
Hawaii
Seaman
Matson Navigation Co
Matson
Trucker in Wampum Injured Amid Pennsylvania Steel Hauler Strike
A Wampum driver, William L. Byers, was wounded by five rifle shots as violence flared during the independent steel haulers strike. Shots shattered one truck cab near New Brighton while another incident in Arnold left Harry Miller Jr. beaten and hospitalized. Across Pennsylvania 14 violent episodes were reported in a 24 hour period.
MENTIONED IN THIS ARTICLE
United Press International
Wampum
Pennsylvania
Independent Steel-Haulers
William L. Byers
New Brighton
Byers
Armco Steel Co
Ambridge
Elkhart
Ind
Somerset County
Pittsburgh
Arnold
Westmoreland County
Harry Miller Jr
National Material Corp
Chicago
Miller
Ohio Fast Freight
Warren
Ohio
Citizens General Hospital
New Kensington
Fraternal Association of Steel Haulers
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Santa
Baltimore
Mom
U.S
Soviet Union
Jody Powell
Congress
Nursing Home
Shenango
Houck
News Index
Cane
Noti Sports
Catherine Pisano Gillest
Pearson
Francis H. Porter
Portersville RD
Helen Skypek
N. Mercer St
Elizabeth Betts
Emsworth, Pa
Shenango River
Honolulu
Toyland
South Side
U.S. Marine Corps Reserve
Sandy Paglialong
Eleanor Deep
Angela Cragle
New Castle News
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