Inflation Outlook Bleak as Carter Warns on Oil Prices
President Carter warned inflation could worsen for years if high oil prices feed the underlying price structure. He and advisers urged workers to absorb higher fuel costs without demanding full wage offsets, arguing wage growth must slow to curb rising costs.
MENTIONED IN THIS ARTICLE
Washington
Carter
United States
Snow expected in Shenandoah Valley up to eight inches
Winchester woke to teens and gray skies as a winter storm loomed. The National Weather Service forecast a two to eight inch snow cover in the Shenandoah Valley tonight, with tomorrow bringing heavier accumulation and school disruptions. Winds near 20 mph will limit drifting.
MENTIONED IN THIS ARTICLE
Star
Winchester
National Weather Service
Shenandoah Valley
Clarence Burke
Colorado
Burke
Kentucky
Hostages Face Harsher Treatment After Rescue
Iran denounces Canada over the rescue of six U S Embassy staff in Tehran and warns harsher actions may befall the remaining hostages. Ghotbzadeh blames Canada for passport forgery and sovereignty violation while linking it to Iran’s response. At the same time, reports cite U S inflation forecasts, energy prices, and President Carter’s economic agenda.
MENTIONED IN THIS ARTICLE
Associated Press
U.S
Tehran
Sadegh Ghotbzadeh
Canada
Ghotbzadeh
Iran
Joe Clark
la Presse
Washington
Jean Pelletier
Warren Memorial Hospital Seeks Solutions for Shortages
The Star reports Warren Memorial Hospital faces both nursing and patient shortages and is seeking solutions. Zoning debates in Frederick County continue as Stonewall District residents protest down zoning plans. The issue appears in Area News with related notes on living sections and community meetings.
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Warren Memorial Hospital
Area
Frederick County
Stonewall
Congress Warned on Spending in 1981 Budget Push
The Carter administration urged Congress to resist expanding the 616 billion 1981 budget citing inflation. Treasury Secretary Miller Budget Director McIntyre and CEA Chair Schultze warned a bloated plan would signal tolerance for double digit inflation and hinder price stability. They projected deficits and noted potential recession risks but pledged corrective actions if inflation worsens.
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Washington
Carter
Congress
United States
Senate Budget Committee
White House
Treasury
G. William Miller
James T. McIntyre Jr
Charles Schultze
Council of Economic Advisers
Citizen of the Year honors Jack Ireland for service and growth
Jack Ireland, 58, general manager of Plaza Realty, received the Northwestern workshop's Outstand ing Citizen award for leading its expansion from a single client in 1969 to 75 now with plans to house up to 125. He chaired the workshop board and the building committee. Doug Rinker received a special recognition award as FFA national president. Martinsburg GM Richard W. Nicholas urged risk taking to spur innovation and energy solutions.
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Ireland
Winchester
Plaza Realty
Northwestern W
Doug Rinker
James Wood
The
Future Farmers of America
Rinker
Tokyo
America
Nicholas
Naka
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