Lance defends $3.4 million loan tied to Atlanta bank stake
Budget director Bert Lance told the Senate committee the loan from First National Bank of Chicago funded his purchase of 200,000 Atlanta bank shares he once led. He said he plans to sell the stock soon and denied any quid pro quo with the National Bank of Georgia or impropriety in its handling of the Teamsters pension fund trust account.
MENTIONED IN THIS ARTICLE
Washington
Bert Lance
Atlanta
Lance
Senate
National Bank of Georgia
Office of Management and Budget
First National Bank of Chicago
Bank
Manufacturers Hanover Bank of
New York
Chicago
Percy
Charles H. Percy
K-Ill
Teamster Union
Central States Pension Fund
Teamsters
Lancé
Pension Fund
Fair Skies Forecast Tonight Through Tomorrow
The weatherman at Hancock Airport reports fair skies tonight with temperatures dropping to 55 degrees and a return to normal seasonal highs in the mid 70s. Tomorrow should be sunny and warm, with little chance of rain and a high near 75.
MENTIONED IN THIS ARTICLE
Hancock Airport
Nuclear arms talks aim to slow global atomic spread
After decades of disarmament debates the United States and the Soviet Union begin tentative steps toward curbing atom weapon growth. A multilateral path includes six interlocking accords with Britain and others, aiming to halt the arms race and improve nuclear safety and export controls.
MENTIONED IN THIS ARTICLE
Arthur L. Gavshon
Washington
United States
Soviet Union
Britain
Geneva
Carter
Carter commits to Korea defense amid troop withdrawal talks
President Carter pledges undiminished U S defense of South Korea as Harold Brown and Suh Jyong chul outline talks. They create a joint U S South Korean command within about a year with Lt Gen Vessey as commander and a Korean general as deputy. Brown notes troop withdrawals aim to avoid political risk and ensure security.
MENTIONED IN THIS ARTICLE
Seoul
South Korea
Carter
America
Harold Brown
Brown
Suh Jyong-chul
Korea
John W. Vessey Jr
Suh
U.S
United States
North Korea
Albania and China Face Strain Over Adviser Withdrawal
Belgrade sources say Albania asked China to pull its technical advisers endangering a 16 year alliance that gave China its European foothold. Estimates place 700 to 2,000 Chinese experts in Albania amid fading aid and cautious Hoxha leadership.
MENTIONED IN THIS ARTICLE
Belgrade
Yugoslavia
Albania
China
Europe
Tirana
Balkan
Maine
Soviet Union
Enver Hoxha
Hua Kuo-feng
NM to push rate hike bid
Niagara Mohawk Power Corp plans an accelerated filing for another rate increase with the Public Service Commission. President John G. Haehl Jr. said details will be released with the new filing and noted earnings lag behind PSC expectations. Net income rose to 121.374 million for the year ended June 30 1977, while earnings per share fell to 1.74 from 1.95. Public hearings will precede any changes with an 11 month wait likely before bill impacts.
MENTIONED IN THIS ARTICLE
Niagara Mohawk Power Corp
Public Service Commission
John G. Haehl Jr
Haehl
PSC
Niagara Mohawk
Hahel
Carter defends welfare plan and jobs push
President Carter urged no apologies for his domestic program during a speech to the National Urban League, pledging real money and programs to aid the poor. He touted expanding jobs, antidiscrimination efforts, a welfare revision sent to Congress, and a 10 percent minority contract carveout in a $4 billion public works bill. Vernon Jordan urged an August strategy meeting of black leaders, saying many feel betrayed.
MENTIONED IN THIS ARTICLE
Vernon Jordan
Carter
National Urban League
Washington
League
Rosalynn
Vernon
Jimmy
Jordan
Congress
Jor
Johnstown Glass Plant Blast Hurts 12 In Flood City
An explosion at the Royal Plate Glass Co. in downtown Johnstown Pa injures at least 12 workers. Initial death report proved false as one man is now said to be in critical condition. The blast may be gas related amid flood devastation. the plant had just resumed operations after last week’s flooding.
MENTIONED IN THIS ARTICLE
Johnstown
Royal Plate Glass Co
Egypt Libya reach ceasefire amid border fighting
Arafat spokesman says Egypt and Libya accepted a ceasefire after six days of clashes. The plan reportedly includes three points, details undisclosed. Boumedienne helped broker talks with Arafat and Khadafy, then met Sadat who ordered Egyptian forces to halt hostilities in the Libyan border area. Independent confirmation was not immediate.
MENTIONED IN THIS ARTICLE
Cairo
Egypt
Libya
Yasir Arafat
Arafat
Houari Boumedienne
Muammar Khadafy
Boumedienne
Alexandria
Anwar Sadat
Sadat
Proxmire Targets Postal Service Spending on Ads
Sen. William Proxmire awards his Golden Fleece to the U S Postal Service for spending 3 4756 million on a Madison Avenue advertising drive to urge more letter writing. He questions use of public funds for a PR push and notes tests costing 774 5 thousand with possible further 1 million in 1978.
MENTIONED IN THIS ARTICLE
Washington
William Proxmire
U.S. Postal Service
Madison Avenue
Wisconsin Democrat
Proxmire
New York
Young and Rubicam
Needham
Harper and Steers
Postal Service
Also Mentioned on This Page
Waterhold
Soviets
Harry S. Truman
Jimmy Carter
Moscow
Hoxha
Turkey
Joseph A. Porcello
Porter
Sylvi Radio
Wilson
Earl
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