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Newspaper
Pecos Enterprise
Location
Pecos, Texas, United States of America
Date
Aug 23, 1978
Page
3
The US announced an increase in monthly gold sales from 300000 to 750000 ounces, sending the dollar higher on European markets and pulling gold below 200 per ounce. Saudi Arabia’s crown prince Fahd called the dollar the world’s most important currency for oil trade.
Three Sandinista guerrillas seized the National Palace in Managua and took more than 100 hostages including relatives of President Anastasio Somoza. The attackers demanded release of political prisoners, safe conduct, and $10 million. Soldiers and guards battled, four soldiers killed, dozens injured reported.
AP reports from Vatican City that experts expect a new pope to be chosen by Monday after the start of balloting. Monseigneur George Leonard and others say a peaceful, swift process is likely, with four votes daily and no clear favorite emerging among the 11 conclaves of this era.
A twin engine Department of Public Safety plane crash landed seven miles west of Temple. Pilot Billy McCoy of Midland and four passengers were rushed to Scott and White Hospital in Temple. one passenger Sgt. A H Hancock treated and released. Names: Lt. Denton Rose of Abilene, Sgt. Richard Campbell of Sweetwater, architect Don Hampton of Sweetwater. Plane developed mechanical problems after takeoff. crash occurred near Moffatt ranch.
Vietnamese officials told visiting U S congressmen they seek full relations with America and will return remains of 11 more U S servicemen. They deny being tools of Moscow or Peking and say China pushes others to follow its line while Vietnam remains wary of Soviet and Cuban advisers.
President Carter starts day two of a three day private river trip down Idaho's Salmon River Middle Fork. The Carters and family travel in a line of rafts with Secret Service escort and White House aides including secretary to the president, a military aide, and raft company staff.
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