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Newspaper
Pecos Enterprise
Location
Pecos, Texas, United States of America
Date
Aug 31, 1978
Page
3
Vatican sources report Pope John Paul I will have a thin white wool band placed on his shoulders and will avoid the traditional beehive tiara and portable throne during his inauguration. The move signals a simple, devout reign amid ceremonies in Vatican City.
Across Nicaragua the nationwide strike aimed at ousting President Somoza appears to weaken with only partial shutdowns in Managua. In Matagalpa heavy fighting between national guard troops and armed civilians continues, leaving a high death toll and testimonies of brutal sniper fire as Archbishop Obando y Bravo seeks a ceasefire.
Italy’s II Mondo charges the Vatican bank with capital transfers through unhealthy markets and evading currency controls. Open letter to Pope John Paul I questions financial autonomy and calls for morality, naming Bishop Paul Marcinkus on a lay bank board abroad. The report cites $2 billion held by the Vatican’s Institute for Religious Works and alleges abroad transfers by major Italian industrialists.
Boeing Co. secured a 680 million deal with Eastern Airlines and British Airways for 40 Boeing 757 aircraft, 180 seats each. British Airways will take 19 planes, Eastern 21, boosting Boeing amid Airbus competition and aiding Rolls Royce engine development for the new 535 RB211.
AP reports in Successful Business that average business letters cost about five dollars to produce. Secretarial salaries have surged and over 100 firms market advanced typing systems to cut labor.
The 35-year-old son of Mexico's ambassador to the United States Hugo Margain Charles was found dead after a kidnapping by four men and a woman. A ransom of $2 million was demanded for the struggle of the proletariat. An autopsy cited a leg wound and bleeding to death.
About 150000 U S students faced disrupted classes as eight Indiana teachers were jailed for contempt after refusing to return to work. Strikes hit New Orleans Michigan Illinois and Indiana with bus drivers and maintenance staff seeking wage increases while school boards offered smaller raises.
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