Stock Prices Sag Across NYSE Amid Energy Crisis Pressures
New York stocks fell for the first time this week as energy crisis fears and President Carter’s economic plan weighed on investors. The Dow Jones industrial average slid to 947.14, with the NYSE composite slipping and the S&P index also down, while volume rose as concerns spread about inflation and higher interest rates. Federal Reserve Chairman Arthur Burns testified that Carter’s program could boost rates to fund government borrowing, though adviser Charles Schultze argued the recovery remained self sustaining. Congress will weigh further steps, with debate over tax credits and spending restrained by budget committee plans.
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UPI
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Standocil & Poor
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Hulse
France and West Germany weigh safeguards on nuclear exports
Paris and Bonn signaled readiness to consult with the United States on tighter safeguards for nuclear power plant exports but oppose President Carter's demand to halt multibillion dollar nuclear sales to Pakistan and Britain. Diplomats say Berlin and Paris intend to resist canceling contracts for nuclear fuel reprocessing plants, warning plutonium byproducts could fuel weapons. The joint statement stresses a common wish to curb nuclear weapons proliferation while acknowledging energy needs in developing nations.
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UPI
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Carter
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Strangers Started Career Writing Team Clicked With Show
Mary, after a Dick Van Dyke project, joined Grant at Fox and met Jim Brooks and Allen Burns. Brooks urged Burns to join and they began collaborating in 1968, shaping the CBS commitment and creating a distinct writing partnership. Grant noted their different styles, and observers compared their looks, commenting on the duo’s unlikely chemistry.
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Chris Bryars
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Mary
Dick van Dyke
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Twentieth Century
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Allan
Burns
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USA
Brooks
CBS
Ian
Atlon
Lucy
Mary Richards
Mary Tediia
Nalsen
Creating The MTM Shore Part 7 Mary Richards Divorce Pivot
CBS executives opposed the Mary Richards divorce backstory in early MTM Enterprises planning. Grant Brooks and Tinker resisted pressure, kept Mary single, then faced network insistence on trimming past details. The team argued a past mattered but CBS demanded a simpler start, shaping the show’s eventual runtime and audience growth.
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Wim'tv
Channed 12
Newsroom
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Ph Jay Slaughter
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Allan
Jimo
Michael Dean
CBS
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New York
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Grant
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Burn
Brooks
Tinker
Nat Dana
Decriminalize Marijuana for Home Use Favored by Du Pont
Washington UPI reports Dr. Robert DuPont, head of the National Institute on Drug Abuse, urged removing criminal penalties for growing marijuana at home for personal use. He noted only civil fines and warned against legalization, stressing decriminalization is mainly a state issue and calling for a broader national policy shift away from tobacco and alcohol. He cited Oregon and seven other states already moving toward decriminalization, while stressing no state has legalized home cultivation.
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UPI
Iery
Robert DuPont
Nation Instituteon Drug Abuse
Lina
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DuPont
Congress
Urban Teens Seek $2 Billion Job Plan From Carter
Black officials urged President Carter to spend 2 billion dollars to create jobs for urban black teenagers. Carter commented and listed potential appointments while a Black group pressed for evaluation of job programs and a broader effort to boost employment among youth. Powell noted weather and gas issues tempering unemployment figures and stressed ongoing talks with black leaders.
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Washington
UPI
Carter
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Ind
White House
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Arary
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Garter
Porten J. Mighell
Ray Marshall
Hatcher
Martha Mitchell
Stuart Eisenstade
Wille
Jody Pawel
Larlel
Paul Walnike
Senate
Powell
Tax Exemption Deadline Set for Disabled Veterans
County officials announce the tax exemption deadline for disabled veterans seeking property tax relief. About 11,000 qualifying veterans in the county received exemptions on up to 3000 assessed value of homesteads last year, with renewal forms being prepared by the tax assessor office.
MENTIONED IN THIS ARTICLE
Apeit
Surprise Israeli Meet Held in Geneva
Israeli Premier Yitzhak Rabin flew to Geneva for a surprise meeting with Ivory Coast President Felix Houphouet Boigny. They discussed Middle East peace efforts and the Palestine Liberation Organization, agreeing dialogue is the best path to regional peace.
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Geneva
Switzerland
UPI
Yitzhak Rabin
Palestine Liberation Organization
Rabin
Labur Pany
Felix Houphovet-Boigny
Ivory Coast
Middle East
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