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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Jun 12, 1975
Page
1
OPEC ministers ended a three day conference announcing an upcoming fuel price increase and a shift to sever oil's link to the dollar with a decision due at a September 24 Vienna meeting. They debated a possible 10 to 30 percent rise, arguing Western inflation eroded oil income while Western economies worry about stagflation. Oil prices had surged about 400 percent in 18 months and were frozen in January.
Oberholtzer notes a doubled layoff estimate with a reduced operating fund of 5.6 million after fringe benefits. The 617 employees could be paid for only 487 positions, as budget gaps widen. County crime rose 41.5 percent from 1973 to 1974, with FBI projections up 25.6 percent in 1975.
Washington reports that half a million veterans and 3 million Social Security recipients will receive overdue benefits once President Ford signs a $15 billion funds bill. The measure includes $256.4 million for veterans compensation $844 million for food stamps and $5 billion to boost unemployment compensation programs. A Nimbus F weather satellite was launched from Lompoc California for global coverage. First class postage is expected to rise to 12 cents despite administrative opposition.
In Bombay a Boeing 747 with 392 aboard caught fire while another 747 carrying 395 refugees from Portuguese Africa diverted to Rhodesia after a 600 mile limp on three engines. Four injuries were reported in Bombay, while the Rhodesia landing saw a newborn seven pound baby born aboard as the pilot prepared to land.
The Federal Trade Commission charged the three largest rent-a-car firms with conspiring since 1968 to monopolize airport auto rentals nationwide. Hertz Avis and National allegedly fixed prices filed common bid specs and struck deals with Ford Chrysler and General Motors to secure subsidies. The complaint seeks a formal proceeding with a public hearing and responses due in 30 days.
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