West Germany revalues mark amid weaker dollar shock
West Germany boosted the mark by 5.5 percent in a move that helps European currencies but hurts the dollar. Finance Minister Helmut Schmidt announced the revaluation, noting the surge in the mark stems from stronger German exports and weaker rivals. The decision impacts American soldiers, pensioners, and travelers in Europe by reducing dollar value when exchanged. The dollar has fallen about 25 percent in West Germany this year.
MENTIONED IN THIS ARTICLE
BOM
UPI
West Germany
Helmut Schmidt
Switzerland
Belgium
Sweden
Schmidt
U.S
Brussels
Karl Klasen
Central Bank
United States
Klasen
Europe
Orange County Publications ad rates notice
Published every morning Monday through Saturday by Orange County Publications Division of Ottawa way Newspapers Inc. Rates: home delivery by carrier one week one dollar five cents. At newsstands single daily copy thirty cents. Second class postage paid at Middletown New York.
MENTIONED IN THIS ARTICLE
Orange County Publications Division
Ottaway Newspapers, Inc
Mulberry St
Middletown
N.Y
Civil rights rules relaxed to fund desegregation
HEW Secretary Caspar Weinberger ordered a rewrite of civil rights guidelines to let five big city systems Baltimore Chicago Detroit Los Angeles and Oklahoma City qualify for about 25 million in emergency desegregation aid by mid August. The changes shift from strict faculty ratio rules to supporting proven desegregation programs and aim to fund more districts by the next school year.
MENTIONED IN THIS ARTICLE
Washington
UPI
HEW
Caspar W. Weinberger
Baltimore
Chicago
Detroit
Los Angeles
Oklahoma City
Weinberger
U.S. Office of Education
Department of Health, Education and Welfare
Treasury
Office of Education
Sidney P. Marland Jr
Industrial espionage case targets IBM interests in California
Seven people arrested nationwide in a multi million dollar plot to steal IBM Merlin storage device secrets. Warrants issued for four more as searches sweep five computer firms' plants in California and Arizona. Santa Clara District Attorney Louis Bergna and San Jose Police Chief Robert Murphy announced the four month probe traced to the late 1960s. The Merlin tech formed the storage backbone of many IBM systems. Arrest warrants covered K and K Manufacturing Campbell Sigma Technology Co Phoenix Computer Disc Mastertape Torrance Ferro Precision Woodland Hills and International Management Systems Irvine.
MENTIONED IN THIS ARTICLE
San Jose
Calif
UPI
IBM Corp
Santa Clara
United States
IBM
K and K Manufacturing, Inc
Campbell, Calif
Sigma Technology Co
Phoenix
Ariz
Computer Disc Mastertape
Torrance
Ferro Precision, Inc
Woodland Hills
International Management Systems
Irvine, Calif
U.S. Warplanes Back Cambodian Convoys Amid Refugee Hurdles
American planes escorted a 216-vehicle convoy of rice and fish to Phnom Penh from Kompong Som and returned empty ships on the Mekong. Refugee crowds hindered attacks on rebel forces north of Phnom Penh as Prayock Khmer urged Congress to permit continued raids.
MENTIONED IN THIS ARTICLE
Phnom Penh
UPI
Cambodia
Prayock Khmer
U.S. Congress
Kompong Som
Mekong
South Vietnam
Syria seeks N Viet military advisors in Hanoi
A Syrian military delegation arrived in Hanoi to request North Vietnamese advisers for guerrilla warfare and Soviet surface to air missile use. The group, led by Defense Minister Maj. Gen. Mustafa Flas, earlier met Soviet Defense Minister Marshal Andrei Grechko in Moscow.
MENTIONED IN THIS ARTICLE
Beirut
Lebanon
NVT
Hanoi
Damascus
Syria
Mustafa Flas
Moscow
Flas
Andrei Grechko
Libya Egypt merger talks stall under Qaddafi and Sadat
Cairo reports Col Muammar El Qaddafi publicly says basic differences remain with Anwar Sadat over a planned union of Libya and Egypt. Governments aim for a complete union by September 1 after votes, but Qaddafi notes no decision and committees have not reached conclusions.
MENTIONED IN THIS ARTICLE
Cairo
Nyt
Muammar El-Qaddafi
Libya
Anwar el- Sadat
Egypt
Qaddafi
Sadat
OPEC to Tie Oil Exports to Industrial Investments
The 11 nation OPEC group here resolved to link future oil and gas supplies to access by oil exporters for their industrial production. Middle Eastern producers along with Nigeria Indonesia and Venezuela seek installation of petrochemical plants steel mills and aluminum facilities in their countries, shifting energy heavy industry to developing nations.
MENTIONED IN THIS ARTICLE
Vienna
NYT
Organization of Petroleum Exporting Countries
Nigeria
Indonesia
Venezuela
Europe
United States
Japan
Thieu Escape Fends Off Artillery Near Kontum Refugee Camp
In Kontum area, a refugee camp at Ngok Long and nearby Tan Dien village were shelled by Communist artillery an hour after President Thieu visited the settlement. Sixty minutes earlier Thieu toured the camp, with 17 civilians wounded by 31 shells fired, including from Soviet 130mm guns.
MENTIONED IN THIS ARTICLE
Saigon
UPI
Kontum
Nguyen van Thieu
Ngok Long
Tan Dien
Thieu
Also Mentioned on This Page
John Flynn
Perera Foreign Money Exchange
New York
Amusement
Anderson
Family
Art Farm
Bridge
Landers
Buckley
Church
Smith
Cressword
de Santis
Thestesen
Dunagin
Volunteers
the Times Meraid
Net
Around the
N.viet
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