Media and Senate find press accuracy rivaled CIA in 1973 oil embargo
A Senate intelligence subcommittee reports several newspapers and magazines matched or exceeded U S intelligence in predicting and assessing Saudi Arabia's 1973 oil embargo. The probe faulted high level analysts for ignoring specific information, while oil prices surged 400 percent and OPEC met to set 1978 prices. Ambassador Carlucci eyed for CIA deputy director post amid CIA turnover. Saudi Arabia supplied about 600 000 barrels daily of the United States 1 1 million barrel import need.
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Adlai Stevenson
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Frank C. Carlucci
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Mideast
St. Louis Again Leads Nation in Welfare Dependence
St Louis tops the nation with the highest welfare rate for the second year, 16.4 percent of its population receiving welfare, a slight drop from nearly 17 percent a year earlier. Baltimore ranks second at about 16 percent.
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St. Louis
Baltimore
Mystery booms shake New Jersey coast again
Atlantic City AP report details a new round of mysterious atmospheric booms felt along the New Jersey coast from Bayville to Long Beach Island and Surf City. Officials note tremors and explosion sounds near 7 p.m. on Wednesday while Columbia University scientists cite sonic events in early December.
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Tuckerton
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William Donn
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Dollar rises on Carter plan as pound slides in European markets
In London and other European centers the dollar strengthened amid Carter’s pledge to stabilize the currency. The pound fell from about $1.883 to $1.858 in London as traders awaited concrete measures, while gains in Frankfurt and Zurich were muted by the holiday lull.
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Europe
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Frankfurt
Zurich
Bakalis grants 7 percent raise to staff
Illinois Comptroller Michael J. Bakalis announces a 7 percent pay hike for 365 employees under his office citing increased productivity. The raise lifts a clerical worker from 7950 to about 8510 annually, with June bonuses and step increases affecting other state employees.
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Illinois
Michael J. Bakalis
James R. Thompson
American Federation of State
Gunmen rob church during children’s pageant in Tennessee
Three masked gunmen entered a Collegedale church where more than 100 people watched a children's Christmas pageant. They forced the audience to stand one row at a time and emptied wallets and purses into a grocery sack in the back, according to Hamilton County police.
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Collegedale
Coal talks recessed for holiday
The nationwide miners strike pauses as coal talks resume after Christmas holidays. In its third week, violence has cooled with no major incidents. In Washington, a new slate of United Mine Workers officers will be sworn in, including President Arnold Miller and new vice president Sam Church.
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United Mine Workers Union
Kentucky
Alabama
Washington
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Arnold Miller
Sam Church
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Fire Rips Fort Bragg Home As Hurricane Claims Man
Mrs. Nick Lackey escaped with her two young sons as fire destroyed their Fort Bragg residence after a hurricane storm. Three dogs perished. authorities linked the blaze to violent winds. Coast Guard units searched Humboldt Bay for Lackey and partner Ernest Lopez, missing since Tuesday. Nine deaths were reported from wind caused incidents statewide.
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Nick Lackey
Fort Bragg
Fred Baroni
Baroni
California
Coast Guard
Humboldt Bay
Lackey
Ernest Lopez
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