Oil Price Hike Boosts Recession Risk, Miller Warns
Federal Reserve Chair G William Miller warned the 14.5 percent OPEC oil price rise could raise U S recession risk next year while inflation remains high. He said inflation may fall only to about 8 percent in 1979, with growth near 2 3 percent.
MENTIONED IN THIS ARTICLE
Washington
G. William Miller
Federal Reserve Board
Miller
Organization of Petroleum Exporting Countries
United States
Carter
Tive
OPEC
Dow Jones
Treasury
W. Michael Blumenthal
Mid-east
Gandhi Deprives Indira Gandhi Of New Seat In Parliament
The Indian lower house voted 279 to 138 to jail Indira Gandhi briefly and strip her of her seat won in a special election. Prime Minister Morarji Desai argued the move enforces accountability, while Gandhi and supporters decried it as politically motivated amid post emergency tensions.
MENTIONED IN THIS ARTICLE
New Delhi
India
Indira Gandhi
Morarji Desai
Desai
Janata Party
Janata
Mrs. Gandhi
Ethics Committee to Probe Sen Herman Talmadge Financial Allegations
The Senate Ethics Committee will open a formal inquiry into accusations of financial improprieties by Senator Herman Talmadge, amid a parallel federal grand jury review. The probe centers on a secret Riggs Bank account opened in 1973 containing unreported campaign funds and reimbursements, with Talmadge denying knowledge and noting aid from an embezzlement-focused former aide. He has repaid $37,125 in improper reimbursements after an audit.
MENTIONED IN THIS ARTICLE
Washington
Senate Ethics Committee
Herman Talmadge
Senate
Georgia
Talmadge
Riggs National Bank of Washington
Daniel Minchew
Minchew
London
Europe
International Oil Cartel
Zurich
Tokyo
U.S.-China Cooperation Faces Gradual Access Changes
U.S. officials say recognition of communist China could ease exchanges for Americans but not immediately. Direct flights require a treaty, and China limits foreign entries, with tourist groups costing over $2000 for two weeks. Trade runs about $1 billion annually, mainly agricultural goods.
MENTIONED IN THIS ARTICLE
Washington
China
State Department
Europe
Mayor's Brother Robs Bank Amid Cleveland Austerity Plan
Cleveland faces drastic cuts as 2,000 city workers, including police and fire crews, are laid off starting Jan 2. The plan halts many services, with garbage pickup reduced to twice monthly. Mayor Kucinich’s brother Perry was arrested for robbing Central National Bank, tied to the same banking crisis.
MENTIONED IN THIS ARTICLE
Cleveland
Dennis Kucinich
Detroit
Paul Wells
Kucinich
Bill Gallagher
Cleveland Trust Co
Perry
Central National Bank
Christmas Day Divides This Town With Varied Plans
Area News highlights residents who spend Christmas Day in unconventional ways. Shoplifting concerns grow as new laws intensify penalties. Wayside Theatre presents A Christmas Carol with local actors joining Equity performers at Middletown venue.
MENTIONED IN THIS ARTICLE
Area News
Actor's Equity
Wayside Theatre
Middletown Theatre
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Rel
L.K. Daley
Santa Claus
Carolyn Dawn Hott
Den
Zil Hott
Ft. Ashby
W. Va
Jackelyn Renee Whitacre
Jack Whitacre
Hunting Ridge Road
Frederick County
Sen. Talmadge
Stephan Jones
Peoples Temple
Jim Jones
Charles Berkman
U.s.-China
Kremer Oil Corporation
Peking
Richard Holbrooke
U.S
Inside Today
Our Town
Index Area News
Abby
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