March 7, 1978 - Oil, Coal And Settlements Everywhere.


And how is this March 7th different from other March 7th's?

Well . . .

On March 7th 1978, news from Tel-Aviv reported a sharp divide, bordering on revolt among Israeli Cabinet Ministers over the matter of Israeli settlements being built on disputed Arab territories. Moderates, headed up by Ezer Weizmann wanted the settlement building to stop. Hawks, headed up by Ariel Sharon wanted it to continue and Prime Minister Begin was stuck in the middle. Meanwhile, in Cairo - Egyptian President Anwar Sadat was looking to the U.S. for some leadership in the area of Peace talks with Israel. As always, the Middle-East was a hotbed of activity.

Back in the States, a settlement of another kind was being sought after. This one having to do with the Coal Miner's Strike, which was having a devastating impact on the Mid-West. President Carter was invoking Taft-Hartley legislation and the Coal Miners were hearing none of it. Meanwhile, the loss of coal production meant severe cutbacks throughout Indiana, Ohio and several other states with electrical cutbacks as much as 50%.

On Capitol Hill, debate was continuing regarding the Panama Canal Treaty with no eye on an actual vote until "maybe May 1st". Jesse Helms introduced an amendment to keep a U.S. Radio facility up and running in the Canal Zone to be used in tracking ships, particularly those of Soviet lineage.

Elsewhere - Continuing border clashes between Rhodesia and Zambia were getting the attention of other African nations who wanted to reach some settlement in the dispute, preferably without Ian Smith involved. Kind of tough since, even though Smith headed up the minority government of Rhodesia, he was still heading up the government.

And Kuwait's Oil Minister was calling for a substantial boost in oil prices, since the U.S. dollar was sinking slowly in markets around the world, and Kuwait was claiming losses of $1million a day as the result. Gee.

And publisher Larry Flynt was recovering from surgery the day following a shooting of him and his attorney by "unknown" assailant(s).

And that's what this particular slice of reality sounded like for March 7, 1978 as reported by Dallas Townsend on The CBS World News Roundup.

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