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Newspaper
Pecos Enterprise
Location
Pecos, Texas, United States of America
Date
Aug 30, 1978
Page
3
From Cairo the Al Ahram paper notes a goat born in Egypt has two heads each with two eyes a nose and a mouth and that it feeds through both mouths. The unusual animal prompts curiosity amid regional reports and press coverage.
The large U S July trade deficit prompted a sharp dollar decline in Tokyo trading. The currency slipped nearly six yen at the open, then closed 2.4 percent lower at 189725 per dollar, amid worldwide market reactions after the $2.99 billion July deficit, roughly double June. The dollar also weakened against the West German mark the Swiss franc and the French franc.
A Texas jury has recommended the death penalty for Mary Lou Anderson, 35, who was found guilty of capital murder for hiring a gunman to kill her father to collect a $5,000 life insurance payout. Sentencing set for Sept. 8. accomplice Fary Granger to stand trial later.
Air force planes bombed Matagalpa 100 miles north of Managua as civilians clashed with Somoza soldiers in other towns. The general strike to oust the Somoza dynasty gained new support from Nicaragua's largest business group, with widespread business shutdowns and calls for archbishop mediation.
In Anderson Indiana a rapid downtown fire destroyed at least four buildings near the Madison County government complex after striking firefighters refused pleas to fight the blaze. Chief Ed Ballinger led eight probationary officers with volunteer help but no injuries were reported yet the incident intensified a pay dispute. Police and fire crews faced a tense standoff as the safety board prepared legal action while a 12 percent raise was sought by both unions against a 6 percent city offer.
Chase Manhattan Bank raised its prime lending rate from 9 percent to 9 percent, its highest in more than three years, a move analysts expect to trigger similar increases across the banking industry. The rise follows the Federal Reserve's rate hikes aimed at bolstering the dollar, affecting funding costs for banks.
A Polish LOT Tupolev 134 jet was hijacked to Tempelhof Airport in West Berlin with 50 to 85 aboard. Passengers sought asylum as guards cordoned the plane and held it two hours after landing, while details on the hijack remained unclear.
Federal investigators pursue a vast corruption inquiry linked to the General Services Administration. A source says big money moved to Swiss banks via a network of U.S. accounts used to conceal payoffs from contractors. DOJ and FBI officials declined comment. Unnamed sources in media report a web of accounts handling millions.
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