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Newspaper
Pecos Enterprise
Location
Pecos, Texas, United States of America
Date
Mar 01, 1978
Page
3
The Easter gala at Radio City Music Hall in New York will end April 12 after 45 years of live shows and family films as the arena has suffered about 14 million in losses since 1968. The Rockettes and nightly entertainment are highlighted in the promotional run before closure.
In Managua, anti-Somoza foes call for a 24 hour general strike to protest National Guard brutality. Labor says 1,200 construction workers walked out at a government housing project, with 800 more expected to stay home. At least 138 killed nationwide amid riots after President Somoza refused to resign.
William Miller, head of Textron Inc., faces Senate confirmation as Federal Reserve chair after investigators found no evidence of improper conduct in Textron’s helicopter sale to Iran. Miller told the Banking Committee he did nothing illegal and resisted calls to withdraw. The deal, routed through Bell Helicopter, involved $1.5 billion in value with Textron subsidiary involvement.
Sen. Thomas J. McIntyre of New Hampshire said he will vote to ratify the Panama Canal treaties, criticizing conservative opponents as using coarse tactics to annihilate enemies. The tally shows 46 pro treaty votes with 25 opposed and 29 undecided. He suggested an amendment to avoid U.S. payment if canal surplus funds fall short. The Senate weighs two treaties transferring control by 2000 and retaining U.S. use rights thereafter.
A Soviet vessel delivered 25 federally funded buses to Houston from West Germany. Rep. John Murphy vows to push US-flag ships to carry the remaining about 400 buses to 11 public transit authorities. He warns this could cut or prevent a $2 million balance of payments deficit.
The dollar fell under 2 West German marks for the first time in interbank trading on the Frankfurt market as gold rose to $184 an ounce in London. The pound traded at $1.9443 while observers questioned underlying causes as Kuwait warned of an OPEC meeting if weakness persists.
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