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The Chronicle Telegram in Elyria, Ohio

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

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Dec 16, 1978

Page

2

Stubborn Saudis split on oil price hike at OPEC talks

In Doha Saudi oil minister Yamani resisted calls for large gains, sticking to a 5 percent cap in a conference shadowed by UAE pressure and Iran disruption. Other members pressed for two to three times that rise amid tight markets and stockpiling.

Ahmed Yamani Yamiani Saudi Arabia OPEC Yamani United Arab Emirates Emirates Qatar Iran West

Miller warns inflation may stay above eight percent

Federal Reserve Chairman G William Miller told a congressional panel that inflation could run at least 8 percent next year, higher than the administration's 7 percent target. He said Carter's anti inflation program might trim at most one point from this year's above 9 percent rate and warned recession could worsen inflation. He praised the program but noted it will take years to reach desired levels.

Washington Federal Reserve Board G. William Miller Miller Carter Joint Economic Committee

White House urged to seal N and W strike settlement

The Carter board proposes a settlement to end the Norfolk and Western Railway dispute with its clerks union. The White House has until January 14 to win agreement. if not, the union may resume a strike that halted about two thirds of the national rail network in September. The three member board submitted its proposal to the White House.

Folk and Western Railway Carter National Railway Labor Act White House N&w The Brotherhood of Railway, Airline and Steamship Clerks Fred Kroll

Beagle Channel tensions push Argentina Chile toward brink

United Press International reports U S intelligence warns Argentina may seize Beagle Channel islands this weekend prompting Chilean concern. Carter sends letter to Gen. Pinochet and Videla amid full troop alert and naval moves near Picton Lennox and Nueva islands weighing economic gains from fish and seabed resources.

United Press International U.S Argentina South America Chile Carter Augusto Pinochet Jorge Videla Beagle Channel Beagle Islands Picton, Lennox Nueva

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