This Day In 1970's History: Saturday December 22, 1979
- An oil price increase will be delayed by President Carter as a means of keeping pressure on Congress to approve the administration's oil "windfall" profits tax. The White House announced that Mr. Carter will sign an executive order "in the next few days," postponing a plan permitting producers of remaining "marginal" oil to increase their prices from $6 to $13 a barrel. [New York Times]
- Revoking the license of a nuclear plant in Tennessee has been recommended by federal investigators because of the failure of the plant's operators to account for the disappearance of more than 20 pounds of highly enriched uranium, which is enough to make one nuclear bomb. [New York Times]
- Chrysler will sell more assets and make further cost-cutting and possibly negotiate new terms of a loan agreement to raise $400 million in operating capital until the federal aid recently voted by Congress arrives in late winter, Lee Iacocca, Chrysler's chairman, said at his first news conference since taking control of Chrysler in September. [New York Times]
- A vast grapevine provides marijuana to cancer patients undergoing chemotherapy, who use it to relieve the nausea that frequently follows the treatments. The network also provides an information and supply network for those chemotherapy patients who do not have time to wait for legal marijuana available under revised state drug laws, and cooperating with it are police authorities who provide confiscated marijuana to hospitals for use by cancer patients. [New York Times]
- The administration warned Moscow in the strongest diplomatic terms that any effort to block the Security Council of the United Nations from imposing economic sanctions on Iran would be regarded as an unfriendly action. It has informed the Soviet government, officials said, that the United States expects Soviet support for sanctions on exports of certain items to Iran, and if Moscow cannot vote for the sanctions, it should abstain and make no effort to raise opposition to the sanctions among other nations. [New York Times]
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