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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Jul 14, 1977
Page
4
New York AP report details Harlem stores raided on 125th Street as looters smashed fronts stole food shoes clothing and electronics. Fire engines battled a blaze near an accountant’s office while about 2000 arrests statewide include many in Harlem.
WASHINGTON AP Congress grants Carter authority to develop neutron warheads but preserves Senate veto power over production. After nine hours of debate the Senate rejected 38 to 8 a bid led by Hatfield to cut funds. The bill moves to a conference committee to decide if Congress can reverse a presidential production decision for NATO use. Vice President Mondale attended in case of a tie.
Combined News Services Washington officials say members of the Senate Governmental Affairs Committee plan to press Budget Director Bert Lance for assurances he will refrain from banking policy involvement while he negotiates selling his 190,000 shares of Kanal Bank of Georgia. They note concerns over his prior urging a housing bill provision and emphasize the need to honor his January pledge. Lance says he will not resign and hopes for a White House release from the pledge, while acknowledging stock losses and borrowing to acquire the shares.
First National Bank of Chicago defended its 83.4 million loan to Bert Lance on Wednesday saying the loan is fully collateralized. A bank official stated no renegotiation or extra collateral is required and the loan is backed by real estate and other assets despite Georgia bank stock losses.
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