Call for $100 Billion Budget Cuts Faces Skepticism
Washington AP three longtime economic advisers urge Congress to trim about $100 billion from the federal deficit. Feldstein warns of lower rates, Greenspan argues halving deficits by 1988 could boost outlook, and Schultze cautions about long term threats. Hatfield notes skepticism and time pressure to act by summer.
MENTIONED IN THIS ARTICLE
Washington
Congress
Senate Finance Committee
Martin Feldstein
Reagan
Council of Economic Advisers
Feldstein
Alan Greenspan
Ford
Corps of Economic Advisers
Charles L. Schultze
Carter
Shultze
Cickens
Schultze
Mark O. Hatfield
Ore
Oil prices tumble to 66.20 cents a gallon in mid 1979 lows
Oil costs slide to 66.20 cents per gallon the lowest since mid 1979 as traders note limited OPEC progress. Analysts from Prudential Bache say industry disappointment weighs on prices while a stronger dollar climbs and gold drops to a 22 year low, easing inflation pressure.
MENTIONED IN THIS ARTICLE
OPEC
Edward Dellamonte
New York
Prudential Bache Securities Inc
OPEC Meeting Ends Without Plan to Enforce Oil Prices
In Geneva last week OPEC discussed hiring outside auditors to track member output and prices and to restore credibility in world markets. Nigeria and Algeria refused to back the plan, leaving doubts about OPEC's ability to control prices amid falling oil revenue in Britain from North Sea holdings.
MENTIONED IN THIS ARTICLE
Tion
Britain
North Sea
Geneva
Switzerland
OPEC
Nigeria
Algeria
Crash in Bolivia vanishes after plane missing with Americans
A Boeing 727 carrying Americans including Marian Davis and William Kelly disappeared Tuesday night. Bolivian and U S air force units led a search, wreckage sighted Wednesday, with Red Cross aiding by four wheeled drives to Urana Mine near Illimani Mountain.
MENTIONED IN THIS ARTICLE
U.S
Marian Davis
Paraguay
Arthur H. Davis
William Kelly
Peace Corps
Red Cross
Urana
Illimani Mountain
la Paz
U.S. Federal Aviation Administration
Airline official surveys high altitude crash site
Richard McGraw of Eastern Airlines stated attempts to locate a high altitude helicopter able to reach the mountain crash site on a 45 degree incline. Ricardo Albert, an Argentine engineer, predicts 10-12 hours by airless ascent, while local TV crews sighted a 9 foot wing section and tail hardware, suggesting a Boeing 727.
MENTIONED IN THIS ARTICLE
Richard McGraw
Eastern Airlines
Miami
McGraw
Ricardo Albert
Ulimani
Albert
Lawsuit Filed Against Union Carbide Over Unspecified Claims
Union Carbide officials were not available for comment Wednesday afternoon. The suit was assigned to 60th District Judge Gary Sanderson. Musslewhite said he also asked that Sanderson certify the case as a class action, meaning his legal team automatically would represent the interests of any others.
MENTIONED IN THIS ARTICLE
Union Carbide
60Th District
Gary Sanderson
Musslewhite
Sanderson
Attorneys file parallel suit over Bhopal leak harms
Three Pennsylvania lawyers with Musslewhite filed a suit in Bridgeport Connecticut near Union Carbide HQ. Musslewhite expects Beaumont court to accept jurisdiction.
MENTIONED IN THIS ARTICLE
Pennsylvania
Musslewhite
Bridgeport
Conn
Union Carbide
Beaumont Court
Sand spreads to improve traction on icy San Antonio roads
A city truck applied a sand layer to create friction for motorists as icy highways grind to a halt after a severe winter storm brought freezing rain sleet and snow. Local authorities reported major routes closed and travel discouraged amid hazardous conditions.
MENTIONED IN THIS ARTICLE
San Antonio
Winter Storm Paralyzes Texas and Drops Snow in San Antonio
The icy system sweeps south from the Panhandle to the Rio Grande, bringing snow to San Antonio and Del Rio, with up to three inches in the city and light flurries elsewhere. Icy roads trigger closures, 450 plus minor accidents, and travel advisories as temperatures dip into the 20s tonight. The National Weather Service forecasts fair but cold tonight with low mid-20s and northwest winds, then a warmer day tomorrow with highs mid-50s and west winds.
MENTIONED IN THIS ARTICLE
National Weather Service
San Antonio
Austin
del Rio
Rio Grande Valley
San
South Texas
Weather Service
KABC Heads Reject McMartin Report Airing Tonight
Los Angeles station KABC-TV will not air the McMartin Pre School child abuse report on 20-20. Instead a one hour documentary Video From Russia will run as management cites potential pretrial prejudice and area impact. ABC News counters that the McMartin segment will air with scrambled voices for child protection.
MENTIONED IN THIS ARTICLE
Los Angeles
Kabc-Tv
McMartin
KABC
Abc-Tv
Russia
Gaylynn Monroe
Craig Haffner
Tom van Amburg
Monroe
van Amburg
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