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Friday, January 24, 1975
University Daily Kansan
Exxon profits soar
NEW YORK (AP)—The world's biggest oil company, Exxon Corp., announced a contract charging a year in which earnings rose 2.8 per cent.
The quarter's net income totaled $860 million, or $3.84 a share, compared with $787 million, or $3.51 a share in the fourth quarter of 1973—the time when Middle East producers began their oil embargo, and petroleum prices began their upward spike. The company earned $1.14 billion, or $1.03 a share, compared with 1973's $2.44 billion, or $1.09 a share. In 1972 and 1971 the company earned about $1.5 billion.
Arab embargo urged
WASHINGTON (AP)—Blaming much of America's economic woes on high oil prices, AFL-CIO President George Meany proposed Thursday that the United States cut off Arab aid and embargo Middle East oil imports until prices drop.
n no tribute, no foreign aid, no trade, no jet fighters, nothing, until the basal storm. Measured declared at a summit meeting of AFL-CIO leaders, it is not known what the plan is.
He said that while such a move would require the nation to adress strict fuel allocation and rationing programs, it would be "a small price to pay to avoid total economic collapse and take America's economic destiny out of the hands of the Arab sheks."
President Gerald R. Ford has vowed to veto any gasoline rationing program.
Investigation committee
WASHINGTON (AP) - Revealing the existence of an "assimilation catalog." Sen. Lowell P. Weicker, R-Conn., introduced legislation Thursday that would create a joint committee to oversee all U.S. intelligence and law enforcement agencies.
According to documents obtained by Weicker, devices designed to conceal explosives were displayed to Lacien Conein, a former CIA official currently in the Drug Enforcement Administration's office of intelligence, by a representative from an Alexandra, Va., electronics firm.
The legislation sponsored by Weicker and Sen. Howard Baker, R-Term., would set up 14-man panel separate from the select unit that is expected to investigate allegations of wrong-doing by the CIA, FBI and other intelligence agencies.
Ford mileage drop
WASHINGTON (AP) - Ford Motor Co. said Thursday that tighter automobile emission standards scheduled to go into effect in 1977 would cause an average 20 per cent reduction in gasoline mileage of its cars. The EPA's recent call to motorists during hearings called by the Environmental Protection Agency (EPA). Ford Motor Co. Vice President Herbert Misch told EPA that his company could increase its average gasoline mileage to 18 miles per gallon by 1977 and current emission standards to 132 miles per gallon if the tight standards scheduled to go into effect in 1977 and 1978 were implemented.
3M tax fraud alleged
WASHINGTON (AP)—A federal grand jury Thursday indicted the Minnesota Mining and Manufacturing Co, and two of its board members on charges of income tax conspiracy involving almost $34,000 in allegedly fictitious deductions for illegal political contributions and two counts of filing false tax returns, the Justice Department announced. According to the indictment, the two executives conspired for 10 years beginning in 1985 to raise a secret fund of corporate money to be used for illegal campaign contributions.
WASHINGTON (AP) - President Gerald R. Ford said Thursday night that there was "a very good opportunity . . . a unique opportunity" that secretary of state Henry Browning would step-by-step to ensure he would bring another interim Middle East agreement.
Ford mixes optimism, warnings about foreign, domestic affairs
Chancellor and Tom Brokaw, Ford said that the United States was faced with economic strumulation by a cutoff of free trade and unnecessary action for our self-preservation."
However, he said that if Kissinger's effacement of the US government could inure into Arabian talks in Geneva, he would.
During an hour-long live television interview with two NBC correspondents, John
Ford also spoke for his $300-million military aid request for South Vietnam, charging Hanoi with total disregard of the 1973 peace accords.
He also said that failure to act on foreign oil import tariffs "would have been a sign of the United States' weakness."
Theatre Lovers and Movie Buffs Unite!
Join the Second Season of The American Film Theatre.
Selling something? Place a want ad. Call 864-4358
The series starts with The Maids on Jan. 27th and 28th
followed by
THE MAN IN THE
GLASS BOOTH
(Feb. 24, 25)
PC
JACQUES BREL IS ALIVE AND WELL AND LIVING IN PARIS ( April 21, 22) PG
GALILEO (March 17, 18) PG
IN CELEBRATION (May 19,20) PG
Season Tickets are still available at most APT offices. Evenings $20.00. Matines 19.25 (student matinees, Seats served, hotel seating is guaranteed for each performance or credit cards accepted.
1/4 pound chopped beefsteak
2120 W. 9th
Welcome Back My Friends To A Dance You Must Attend
sponsored by laurence gay liberation
saturday january 25,1975 in the kansas union ballroom
from 8 till 12:30
just one dollar