Gas price ceilings face court approval and rollbacks
The government sets new price ceilings for gasoline and diesel, prompting dealers to cut prices as ceilings take effect. Consumers may file complaints with the IRS if they suspect overcharges or incorrect octane ratings. Exxon and Atlantic Richfield raised wholesale gasoline by one cent, a cost retailers must absorb. The council guarantees retailers a minimum markup over August 1 wholesale costs, with higher markups for those with larger margins, while rollbacks could shave 1 to 3 cents off many prices.
MENTIONED IN THIS ARTICLE
Interval Revenue Service
Exxon
Atlante Richfield Co
Council
Kid If
Cailing
Palestinians Free Hostages Flight From Paris to Middle East
Palestinian gunmen who seized the Baudi embassy in Paris and held 15 captives left for the Middle East aboard a Syrian Airlines jet after demanding Abu Daoud's release. Jordan and Saudi officials pursued a negotiated outcome as foreign ministers conferred at Algiers. The group, reportedly led by a Jordanian doctor, faced denials of connection from major guerrilla factions and earlier attacks at the Khartoum embassy.
MENTIONED IN THIS ARTICLE
Yuinen
Sheikh Saad
Jassem Marcouk
Abdul Mahman Salem Atiki
Kuwait
Riyadh
Ri H
Paris
Abu Daoud
Kuwait Airlines
Toussein
Jordan
Baudi
Algiers
Tookinger
Abu Yaoud
Syhem
Athough Abu Daoud
al Fatah
Middle East
Saudi Arabia
Syria
Iraq
Abdul Hamid Sharaf
Khartoum
Sirhan Sirhan
Sen Robert
F. Kennedy
U.S
Assembly OKs death penalty in California debate
Lawmakers debated SB 450 and Prop 17 after a party line vote on death penalty policy. Representatives argued about deterrence, minority rights, and the morality of execution while noting varied opinions from Assembly members and citizens.
MENTIONED IN THIS ARTICLE
Leon Ralph
Los Angeles
Tralph
Joe Gonsalves
D-La Mirada
Alan Sieroty
Beverly Hills
Ken Meade
Oakland
Bank Bandit Caught After Encore Attempt at NYC Branch
FBI and New York police identify a suspect, John Curry Hyman, 37, who allegedly passed a $12,000 note at Chemical Bank on East 42nd Street and was later spotted in line by an agent. Hyman claimed the $12,000 demand followed a prior holdup that yielded about $4,000. He traveled from South Carolina to New York two weeks earlier, citing cash shortages.
MENTIONED IN THIS ARTICLE
New York
Louise Zoccalillo
FBI
Chemical Bank
East 42Nd Street
John Curry Hyman
Hyman
South Carolina
Inflation Near Peak Level With Phase 4 Looming
The report notes a large August rise in wholesale prices after the price freeze ended, with declines in farm prices reflecting improved supply and demand outlook. Corn, hogs, soybeans, steers, eggs, and chickens show notable reductions, yet retail food prices are rising and expected to follow wholesale trends upward. Treasury and CEA officials forecast an ongoing inflationary spiral and price increases across foods.
MENTIONED IN THIS ARTICLE
Herbert Stein
Council of Economic Advisers
U S rejects shipment of aid to drought nations
The U S government refused to transport 100 tons of food donated for six drought stricken African nations Mali Senegal Upper Volta Niger Mauritania and Chad. Jesse Jackson said the drive raised food in 20 American cities and called on Henry Kissinger to authorize shipment.
MENTIONED IN THIS ARTICLE
Chicago
UPD
U.S
Jesse L. Jackson
Jackson
People United To Save Humanity
Henry Kissinger
Kissinger
Mali
Senegal
Upper Volta
Niger
Mauretania
Chad
Fishing Boat Runs Aground Near Coronado Island
Twenty nine people were rescued from a 65 foot sportsfishing boat grounded on rocks off South Coronado Island in Mexican waters. Coast Guard cutter Point Stuart ferried them to another fishing boat and helped refloat the stranded vessel Nova. Bruce Barnes of San Diego, owner, was aboard the other boat with friends. No injuries were reported. The incident occurred about 20 miles southwest of San Diego.
MENTIONED IN THIS ARTICLE
San Diego
Coronado Island
Coast Guard
Point Stuart
Nova
Bruce Barnes
Also Mentioned on This Page
Sharaf
Cairo
France
Turkey
Egypt
Amascus
Saudi
Ikuwan
Arabia
Assembly Oks
Leroy Green
D-Sacraiment
California
Meade
Ray Johnson
R-Chico
Johnson
Larry Kapiloff
John J. Miller
D-Berkeley
John Soi
Jesus
Miller
Beverly
State
Supreme Cent
U.S. Supreme Court
Yevietin
Trenton
Nod
UPI
Wammonton
State Department of Wealth
Ohs
Shultz
Advaance
Africa
Nanfood
Labor Department
Midland
Mich
Bernard McLain
McLain
New Delhi
Lidia
Delh University
Atkins
Los Cerritos Center
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