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Syracuse Herald Journal in Syracuse, New York

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

Syracuse Herald Journal

Location

Syracuse, New York, United States of America

Date

Aug 02, 1979

Page

6

OPEC May Raise Oil Prices as Dollar Slump Sparks Hike

Oil prices, up 42 percent this year, could rise again as foreign producers react to the dollar's slide and OPEC's June price increase. A September emergency meeting is possible, with a new price lift likely, though not as large as earlier jumps.

New York Organization of Petroleum Exporting Countries OPEC Caracas Vene Renteeesah Ali Khalifa Al-Sabah Kuwait Bank of England Saudi Arabia

Smith Bagley acquitted in stock fraud case at Richmond

A federal court jury cleared Smith Bagley and four co defendants of conspiring to inflate the stock price of the Washington Group, a Bank loans scheme for employees, and related pension fund fraud charges. Bagley expressed elation and planned a Winston Salem news conference.

Richmond Smith Bagley R.J. Reynolds Washington Carter Winston-Salem N.C Washington Group Bagley James R. Gilley Gilley Dewey C. Chapple Jr The Northwestern Bank William Thomas Shirley Grubb

Marivan Peace Pact Moves Toward Local Council Election

Iran reports Kurds and government seal peace after clashes in Marivan 300 miles from Tehran. Some 36,000 residents return home while thousands march toward the city to support stability and a local town council election in a calm security environment.

Tehran Iran Marivan Pars Kurdistan Kurdish Revolutionary Council Revolutionary Islamic Court Mohammad Reza Shakiba Mehdi Bazargan

GOP seeks tax cut plan to offset recession impact

Washington lawmakers report House Republicans introduced a $28 billion personal income tax cut proposal backed by 132 of 159 Republicans. The plan would cut rates by about 10 percent and take effect in October to offset the looming recession.

Washington House Congress Ono

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