26 Aug 1977
Page 1
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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Aug 26, 1977
Page
1
Washington AP report says prices for lumber and insulation surged in weeks, boosting the average new house by 700 to 1500 dollars. Housing Secretary Patricia Harris announced the rise, noting lumber up 12 to 28 percent and insulation up 5 to 15 percent, with potential construction delays and higher consumer prices.
A long stalled 28 million 642 room luxury hotel project near Long Beach Convention Center moves forward as developers request a 7.7 acre tidelands lease. The Sheraton led group with Perini Land and Development and Paine Webber Jackson and Curtis arranges financing with Crocker National Bank. The 8 story hotel will overlook the ocean and include an ice rink, tennis and racquetball courts, 95000 square feet of banquet space, retail space, and multiple dining lounges. A three level 740 car parking garage is planned with funds via revenue bonds or tax increment financing. An environmental impact report will be released for public review within 45 days.
President Carter called the Equal Rights Amendment crucial for the nation and urged rapid ratification. He spoke before about 3,000 women marching down Pennsylvania Avenue advocating equal rights, many wearing white with suffrage colors as they faced a different reception than in earlier protests.
President Carter hosted more than 160 attendees in a Rose Garden signing ceremony celebrating Women’s Equality Day and urged action on the ERA. He noted 35 states have approved the amendment and warned 38 ratifications are still needed by early 1979, while three seek to rescind. Virginia Allen urged Carter to push ERA with state legislators and visit unratified states to explain its necessity.
Tonight and Saturday forecast shows mostly fair in LB area with a low of 65 and high of 82. Mountains expect fair weather with a low of 4 and high of 65. Deserts stay fair and windy with a low of 3 and high of 101.
Long Beach police credited with arresting three men sought in the execution style slaying of Victor A. Sam, a corrections officer at the California Rehabilitation Center. Officer Joe Richardson spotted the suspect car during a theft probe in an alley off Walnut Avenue, triggering a nationwide APB. The body was found near Riverside. the vehicle is a yellow 1974 Fiat.
A Long Beach police officer was killed by negligence in the shooting death of a fleeing burglary suspect five years ago as an appeals court weighs the case. Other items note rebates costing taxpayers 12 million annually, rising divorce rates among long-married couples, and state efforts to fundraise for an injury victim on life support.
In Pasadena AP reports Voyager 2’s on board computer abruptly canceled an order to eject a dust cover from an instrument platform at the end of the boom. Jet Propulsion Laboratory spokesmen offered no reason for the unexplained action, risking further delay to Voyager 1’s launch schedule now set for September 3.
Washington AP reports Bert Lance pledged stock dividends as collateral for a 2,625,000 loan from Manufacturers Hanover Trust Co and then pledges the same stock dividends again as collateral for a loan from another bank. A Lance spokesman said he violated a loan clause signed June 30, 1975, but banks did not call in the loan. The Senate committee will broaden its probe to include Lance’s loan transactions. White House spokesman Powell said he saw no ethics violation but criticized pledging the same stocks to two banks. he could not assess the intent involved.
A Federal Power Commission administrative law judge approved abandoning an El Paso Natural Gas Co pipeline to ship Alaskan oil from Long Beach to Midland Texas. The ruling requires full commission confirmation and briefs in opposition are due by Sept 15. State officials fear reduced gas deliveries to California though environmental studies supported the move.
The Securities and Exchange Commission charges New York City Mayor Abraham Beame with deceiving investors about the city’s fiscal crisis to issue a record 1974 75 bond sale. The SEC cites deceptive accounting and concealed risks by banks to lure short term buyers as the 19 month probe ends ahead of the Sept. 8 mayoral primary.
Four men in a single engine Mooney plane died after a left turn emergency landing attempt at Torrance Municipal Airport. Witnesses heard the engine sputter before the craft cartwheeled into a bean field by Pacific Coast Highway and Douglas Way, catching fire. The victims, all in their early 20s, were unidentified pending dental chart confirmation. The aircraft, registered to James D. McKenzie of Las Vegas, had no flight plan filed.
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