Gas price rise forecast tied to Ford energy policy
Washington energy chief Frank G. Zarb said Ford administration measures will lift gasoline costs about 14 to 15 cents per gallon over two years, boosting the national average to around 70 cents. He cited decontrol of old oil and a $2 per barrel tariff as key factors and noted possible further rises without conservation measures.
MENTIONED IN THIS ARTICLE
Washington
Frank G. Zarb
Federal Energy
Ford Administration
Zarb
United States
House
Ways and Means Committee
Ford
Rockefeller says CIA broke law not major wrongdoing
Vice President Nelson Rockefeller summarized the Rockefeller Commission findings stating the CIA violated statutes in places but not on a large scale. He noted the eight member panel was nearly unanimous, with some objections to specific recommendations, and that a 350 page report would be sent to President Ford.
MENTIONED IN THIS ARTICLE
Washington
UPL
Nelson A. Rockefeller
Central Intelligence Agency
Rockefeller Commission
CIA
Ford
Rockefeller
Ford Sadat talks in Austria seek peace plan soon
President Ford wrapped intensive summit talks with Egypt's Anwar Sadat in Salzburg and said a Middle East peace seeking formula would be unveiled within a month. He announced plans to extend bilateral economic aid to Egypt, while Sadat praised Ford and planned a Cairo visit. Rabin announced Israel was reducing forces along the Suez Canal as the talks continued.
MENTIONED IN THIS ARTICLE
Frank Cormier
Salzburg
Austria
Ford
Egypt
Anwar Sadat
Middle East
United States
U.S
Soviet Union
Sadat
Cairo
White House
Henry A. Kissinger
Yitzhak Rabin
Jerusalem
Israel
Suez Canal
NM customers to get refunds of 14 million dollars
The Public Service Commission orders Niagara Mohawk Power Corp to pass on 14 million dollars in federal income tax refunds to about 1.3 million electric and 400,000 natural gas customers across 37 upstate counties. The utility has until June 19 to show cause for alternate handling and parties have 10 days to respond.
MENTIONED IN THIS ARTICLE
Albany, N.Y
UPI
Public Service Commission
Niagara Mohawk Power Corp
PSC
Internal Revenue Service
Niagara Mohawk
Upstate
Inventories fall as orders rise signaling economic rebound
The Commerce Department reports inventories dropped 0.8 percent in April to 150.04 billion, the steepest decline since May 1958, while April orders climbed 6.4 percent to 76.59 billion. Durable goods led gains with a 9.7 percent jump, the largest since 1967, and shipments rose 4 percent to 80.14 billion, the first increase since 1979. Backlog fell for the seventh straight month as the market reacts to improving conditions. The Dow gained 11.97 points as rates eased, fueling market optimism about a stronger economy and potential cuts to the bank prime rate.
MENTIONED IN THIS ARTICLE
Washington
UPI
Commerce Department
Real test of slowdown by NYC doctors begins
The nationwide protest over malpractice insurance costs spreads to New York City where St John and Flushing Hospitals in Queens and Brooklyn Hospital report sharp drops in surgery and a smaller dip in inpatient care. Manhattan hospitals Israel and Columbus see no impact yet while Flushing Hospital refuses some new cases due to staffing gaps.
MENTIONED IN THIS ARTICLE
Nyc
New York
St. John
Flushing
Queens
Brooklyn
Israel
Columbus
Manhattan
Stephen Folkson
Columbus Hospital
Long Island
Flushing Hospital
Don Rodda
John L.S. Holloman
City Health and Hospitals Corp
Pennsylvania
Texas
Rhode Island
Sato Dies at 74 Former Japanese Prime Minister
Eisaku Sato, Nobel Peace Prize winner and Japan's former prime minister, died in Tokyo at 74. During eight years in office he helped Japan become an economic giant and pursued close ties with the United States, a policy that weakened him and led to his resignation in June 1972 after a long postwar tenure.
MENTIONED IN THIS ARTICLE
Tokyo
Eisaku Sato
Japan
Sato
Asia
United States
Rioters killed as Rhodesia police fire on crowd in Salisbury
In Salisbury on Sunday police shot into rioting black crowds, killing 13 and wounding 25 as clashes erupted near ANC leaders meeting over Prime Minister Ian Smith’s black white conference plan. Protests by ZAPU and ZANU supporters spread, with cars burned and shops looted. two ZANU executives involved in the initial melee.
MENTIONED IN THIS ARTICLE
Salisbury
Rhodesia
African National Council
ANC
Ian Smith
Zimbabwe African People's Union
ZAPU
Zimbabwe African National Union
ZANU
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