Farmland Reports Higher Sales and Dividends Amid Uncertainties
Farmland Industries posted $3.8 billion in sales and $109 million in savings for the year, with dividends up, while president John Anderson warned of energy and agricultural challenges. He cited fuel shortages, fueling a push for self sufficiency and direct oil purchases, and noted new oil and gas finds in Williston Basin, west Texas and southern Louisiana. Trade talks with China were described as tantalizing as Farmland eyes energy, transportation, and marketing priorities for the 1980s.
MENTIONED IN THIS ARTICLE
Kansas City, Mo
Farmland Industries Today
John Anderson
Anderson
Williston Basin
North Dakota
Texas
Louisiana
Farmland
Far-Mar-Co
Puerto Rico Statehood Push Turns Violent
In San Juan an ambush on a U.S. Navy bus killed two sailors and wounded ten, signaling a shift by Puerto Rico independence groups toward more violent tactics as they seek to end rival status quests. Authorities tie the actions to a split between statehood advocates and pro independence factions.
MENTIONED IN THIS ARTICLE
San Juan
Puerto Rico
U.S. Navy
Commonwealth
FBI
Cuba
U S Auto Sales Hit Five Year Low
U S automakers report a 21.3 percent November drop amid holidays, with 606,204 new deliveries and a daily rate of 24,248. GM, Ford and Chrysler post steep declines, while AMC and Volkswagen show gains. GM announces over 11,000 layoffs. Industry analysts link weak demand to broader economic conditions.
MENTIONED IN THIS ARTICLE
General Motors Corp
Ford Motor Co
Chrysler Corp
American Motors Corp
Volkswagen of America
AMC
Volkswagen
Pennsylvania
Gordon B. Mackenzie
Ford
Chrysler
Carter Campaign Starts Without The Candidate
President Carter launches reelection efforts with Rosalynn Carter Mondale and surrogates as he remains at the White House due to Iran crisis. A somber East Room announcement noted he will campaign in name only to meet ballot requirements while hostages situation drives his focus.
MENTIONED IN THIS ARTICLE
Washington
Carter
Iran
White House
Rosalynn Carter
Walter Mondale
East Room
Rosalynn
Mondale
Jody Powell
U.S
Tehran
Abraham
Lincoln
CBS
Edward M. Kennedy
Kennedy
Plumbers Union
Quake predicted for Alaska coast within six years
Two Columbia University scientists based a forecast on a new seismic pattern, predicting a large quake along the sparsely populated Yakataga gap near Valdez within six years. They caution the forecast, noting time cannot be precisely predicted, but expect increased attention to short term indicators.
MENTIONED IN THIS ARTICLE
San Francisco
Columbia University
Alaska
Omar Perez
Columbia
Lamont-Doherty Geological Observatory
American Geophysical Union
Valdez
Yash Aggarwal
Perez
Alaskan
Concert Fans Mourn as Inquiry Begins in Cincinnati
In Cincinnati Riverfront Coliseum mourners remember 11 youths crushed in a crowd surge at a Who concert. City officials form committees to study crowd safety and future protections include reserved seating, more doors, and stricter crowd control. Two upcoming concerts were postponed. The Who faced mixed responses elsewhere as security tightened.
MENTIONED IN THIS ARTICLE
Cincinnati
Riverfront Coliseum
Who
John Kenneth Blackwell
Coliseum
Buffalo
N.Y
Roger Daltrey
Providence
R.L
Boston
Pontiac
Mich
Silverdome
Richard Castellini
Castellini
Electric Factory Concerts Inc
Philadelphia
USDA Forecasts Farm Income Drop In 1980
The Agriculture Department holds its forecast that farm income may fall up to 20 percent in 1980 from this year’s near record level, with food prices rising 7 to 11 percent and 8 percent most likely. Demand for agricultural commodities remains strong through mid-1980, with world supply influenced by harvests in the Southern Hemisphere and exports.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Department
USDA
Kennedy
Equator
Stephan Abandons Lone Star Appeal in Amtrak Case
Kansas Attorney General Robert T. Stephan said he would not seek U.S. Supreme Court review of a 10th Circuit ruling allowing Amtrak to end the Lone Star passenger train serving Kansas, citing an almost nonexistent chance of winning and costs of an appeal.
MENTIONED IN THIS ARTICLE
Topeka
Kan
Robert T. Stephan
U.S. 10Th Circuit Court of Appeals
Amtrak
Lone Star
Kansas
Stephan
U.S. Supreme Court
Minnesota
Chicago
Houston
Nashville
Tenn
Congress
President Carter
Appeals
10Th Circuit Court of Appeals
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Volunteers For the
Puerto Rican People’s Army
The
Macheteros
FALN
Armed Forces of National Liberation
Detroit
Jon Mietchen
Andy’s Siding CO
Ottawa, Kansas
Iowa
Bob Bergland
S. Main
Ottawa
Coats
AC Delco
R&d
Lge
Claude and
Harold Myers
Clerks
Wanda Kirkland
Elaine Roberts