Risky tax talk as Congress weighs new revenue plan
Senate Finance Committee drafts a bill to raise at least 100 billion dollars over three years while Ways and Means schedules similar markups. Political risk looms ahead of elections as lawmakers debate tax hikes, past deficits blamed on slow growth and high spending, and calls grow to slow government growth while preserving incentives from the Economic Recovery Tax Act.
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Congress
Senate Finance Committee
House
Ways and Means Committee
CIA Ties Surface In Wilson Case Across Europe
The Washington Merry go round reports on Ed Wilson a former CIA operative turned labor officer who describes covert work for the CIA while employed by the Seafarers International Union in Europe He recounts security for the U 2 project then using union work to monitor anti communist activity and influence governments in Europe His testimony could complicate legal actions after his capture in the Dominican Republic and return to the United States The piece notes connections to Hubert Humphrey and a broader press focus on ex CIA agents training assassination squads.
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Washington
Ed Wilson
CIA
Justice Department
Wilson
Libya
CLA
Naval Intelligence
Tripoli
Richard Bast
California
England
Germany
Turkey
Francis Gary Powers
International Organizations
Seafarers International Union
New York
Union
Europe
Cuba
South America
George Meany
Witcon
Gn 1
Far East
Hubert Humphrey
Congress
Frank Terpil
Edwin Wilson
Muammar Qaddafi
New York Times
National Committee
Reagan
White House
Elizabeth Dole
Multifeature Frederick Event Highlights Bar Mitzvah Graduation
Yesterday Items From Files of the News Post summarizes a Baltimore celebration at Sharrei Tefilob Hall for the Peregoff family with three milestones Bar Mitzvah graduation and golden wedding anniversary. Also noted are drunk driving fines in county courts a Walkersville playground opening Chesapeake and Potomac Telephone approval of 91600 for Frederick County lines and a Ford ditch crash near Frederick High School with a hospitalized wife and 1961 model. Record numbers 72 demonstrations planned at West Frederick Junior High for Demonstration Day across ages.
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Snd
Michael Peregoff
Frederick
Baltimore
Petegon
Frederick High School
Frederick Memorial Hospital
West Frederick Junior High School
Wall of Protectionism Is Not the Answer, Air Products Chief Says
Dexter F. Baker of Air Products & Chemicals urges against building a Great Wall to shield the U.S. from foreign investment. He argues open, free flow of capital supports growth, jobs, and technology, noting U.S. outflows of $20–30 billion abroad versus $10–12 billion inbound. He urges bipartisan support for fair trade and mutual respect in a global economy.
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Dexter F. Baker
Air Products & Chemicals Inc
Commercial Development Association
New York
United States
U.S. Chamber of Commerce
Earth
China
U.S
America
Reagan
Free World
OPEC unity questioned as oil prices struggle to rebound
Oil analyst Dan Lundberg says OPEC's Quito meeting showed decorum and apparent unity while underlying disarray remains. He notes the group kept a $34 per barrel benchmark and 17.5 million barrels daily ceiling, but warns the cartel may fail to restrain production and could not curb price drops. The outcome hinges on post meeting moves and spot market behavior.
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Los Angeles
Dan Lundberg
Organization of Petroleum Exporting Countries
Quito
Ecuador
OPEC
Lundberg
Latin America
Middle East
Trilby Lundberg
Lundberg Letter
Oil glut debate fuels OPEC power and US energy policy
Energy analyst Lundberg warns OPEC overproduction drives oil surplus and weak prices, blunting demand for alternate fuels while Saudi Arabia and Yamani defend self interest. He cites Exxon shale pullout and synfuel debate as proof of Saudi influence and policy inertia, with wider U.S. spend battles over energy independence.
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Colorado
Lundberg
American West
Yamani
Chacin
Copley News Service
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News-Post
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Walkersville
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Frederick County
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Family Feod Brewing
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Saudi Oi
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Ome Stookey
Hore Improvement
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West Seventh Street