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Southern Illinoisan in Carbondale, Illinois

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This newspaper page contains 6 articles. Subscribers can read the full text of each article.

Newspaper

Southern Illinoisan

Location

Carbondale, Illinois, United States of America

Date

Jul 14, 1981

Page

9

Reagan Opposes Oil Import Cut as Core Policy

The Reagan administration argues that reducing foreign oil imports should not be the base of national energy policy. It projects imports dropping to 4–5 million barrels daily by 1990 while stressing market forces and private sector response over government subsidies, and notes continued Strategic Petroleum Reserve use.

Washington Reagan America U.S Associated Press Carter Richard M. Nixon United States Amercan Congress U S. Oe Strategic Petroleum Reserve

Reagan Says U S Rates Will Stay High, Six to Twelve Months

President Reagan plans to push the message at the Ottawa economic summit that near record U S rates are temporary and will persist six to 12 months as a price to fight inflation. Treasury Secretary Regan said high rates are not permanent and will ease as inflation is tamed. European leaders worry that U S policy raises borrowing costs and hampers growth and employment.

Washington U.S Reagan Canada United States Treasury Donald T. Regan Regan Ottawa Europe

Senate narrows gap to end busing filibuster

The Senate moves closer to ending a busing filibuster over desegregation, but a vote may not occur until after Labor Day. A cloture vote failed by six, as Johnston seeks to prohibit court orders for busing beyond five miles, amid broader tax and judiciary actions. Donna Pope of Parma, Ohio, confirmed as director of the U.S. Mint.

Washington Senate Bennett Johnston D-La Reagan Congress Johnston Justice Department Lowell Weicker R-Conn Sandra Day O’connor House Interior James Watt Senate Judiciary Subcommittee Europe Poland United States Judiciary Committee Humane Society of the Fund For Animals House Merchant Marine Subcommittee On Fisheries and Wildlife Donna Pope Parma Ohio U.S. Mint

Mobil Bids for Conoco Mounted by $5 Billion Lean

Mobil seeks to borrow about 5 billion to bid for Conoco as Texaco and Standard Oil of California weigh offers. Conoco has told shareholders it is for sale and its board seeks to narrow the gap between intrinsic value and market price. Du Pont and Seagram also vie for Conoco control amid antitrust scrutiny and pending hearings.

New York Times New York Conoco Inc Mobil Corp Mobil Conoco Wall Street Texaco Inc Standard Oil Co California Texaco Eee Standard Rawleigh Warner Jr Exxon Warner Mobil-Conoco New York Stock Exchange E.I. du Pont de Nemours & Co du Pont Seagram U.S Seagram Co Canada

Corn prices expected to rise on strong demand

The Agriculture Department projects rising corn prices due to high U.S. and domestic demand for feed grains. Oct 1 1982 reserves may dip to the lowest since 1974, potentially lifting corn by about 10 cents. Russia may need to import 13 million tons in 1982 to sustain meat supplies.

New York Times Washington World Agriculture Department Department William G. Lesher Lesher Soviet Union United States

Polish grain deal endorsed by State Department amid broader support

The State Department endorses selling 400000 tons of U S corn to Poland as Rep Edward Derwinski pushes the accord. Polish Ambassador Spasowski seeks an $80 million credit extension to secure grain, while Agriculture Secretary Block and sales chief Alan Tracey note Poland can buy more feed grains under a 1980 credit plan, though new Polish requests remain unsettled.

Washington State Department U.S Poland Edward Derwinski R-Ill House Foreign Affairs Committee Romuald Spasowski United States

Also Mentioned on This Page

Pg! Ge Supreme Court Arizona Wall St. Church of Christ N. Wall - Carbondale Melvin Hampton Milan Tennessee Department of Justice Federal Trade Commission Strom Thurmond R-S.c Senate Judiciary Committee Ralph Bailey Edward Jefferson Edgar Bronfman Seagram Chairman Rawleigh Warner Carbondale Hearing Aid Center Mardale Polish Grain Deal John R. Block Alan Tracey Sinois Our Religion Our Living Department Southern Eteoala Haake Cari Sat Sun
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