Carter Hua Visit Talks Set for Next Year
Vice President Mondale said Hua Guofeng will visit the United States next year and Carter will travel to China. Dates not set. Mondale announced a Canton Consulate to open with seven or eight staff led by Richard Williams, the first in China in over 30 years. China will open consulates in Houston and San Francisco. Cultural exchange and hydelectric power cooperation pacts were signed.
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Peking
Walter Mondale
Hua Guofeng
China
Communist Party
United States
Carter
Mondale
Hua
Hua’s
U.S
Canton
South China
Richard Williams
Houston
San Francisco
Wages lag as farm income seen up only modestly
Government figures show wages failing to keep pace with inflation while farm income is projected to rise only modestly. Hourly compensation rose 7.9 percent annualized in Q2, but inflation eroded real buying power with a 5 percent annual decline after adjustments. Productivity fell across sectors, with manufacturing up slightly and nonfarm/business output down. Agriculture notes prices for cattle and hogs mean a smaller farm income gain, with net farm income possibly near 30 billion dollars for 1979.
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Washington
U.S
Labor Department
Federal Reserve Board
Henry C. Wallich
Wallich
New York Society of Security
Department
Agriculture Department
USDA charges beef prices manipulated investigation urged
The Agriculture Department probes claims that meatpacking firms manipulated wholesale beef prices this month, prompting talk of dramatic hamburger price increases. Rep. Rosenthal cites possible fixed sale schemes and futures trading as drivers, while CME officials deny anomalous price patterns.
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Agriculture Department
Chicago Mercantile Exchange
Benjamin S. Rosenthal
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Rosenthal
Chicago Exchange
Scientists find evidence for gluon glue uniting matter
Scientists at Fermi Lab report preliminary results suggesting the gluon, a tiny particle believed to hold quarks together, exists. If confirmed, this supports a grand unification of the four fundamental forces and could spark a new technological revolution beyond quantum mechanics.
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Chicago
Hamburg
Germany
Nash
Albert Einstein
Dollar and gold gain as markets await US trade figures
Gold jumped to record highs in London and Zurich as it rose past $316 an ounce for the first time, with the dollar gaining against most currencies except the pound. Dealers said quiet markets awaited July US trade data, with Zurich quotes at $316.625 and Monday’s close at $314.125, $2 above last Friday’s peak.
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London
Zurich
Reagan aide Nofziger resigns after 13 years of service
The Washington Post reports Reagan campaign dissension leading to Lyn Nofziger’s resignation accepted by Reagan. Spokesman Jim Lake would not explain the departure, and Nofziger had no comment. The note follows years of close involvement with Ronald Reagan’s political rise.
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Ronald Reagan
Reagan
Washington Post
Lyn Nofziger
Jim Lake
Lake
Nofziger
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