SEC and UMM Await Judge Ruling on Chapter X vs XI
United Merchants and Manufacturers Inc and the Securities and Exchange Commission await Bankruptcy Judge Roy Babbitt in New York to rule on transferring UMM’s case to Chapter X from Chapter XI. A stay halts UMM’s Chapter XI plan while the two parties dispute the path forward, as shown in court filings.
MENTIONED IN THIS ARTICLE
United Merchants and Manufacturers Inc
Securities and Exchange Commission
Roy Babbitt
New York
SEC
UMM
Unemployment Rate Eases to 6.9 Percent in November
The Labor Department reports an unemployment rate of 6.9 percent for November, a slight dip from 7 percent. Employment rose by about 950000 to reach 2.2 million, marking the largest monthly increase since April 1960 and a job participation rate of 57.8 percent.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
AP market basket shows December meat costs rise yet coffee cuts help
The Associated Press reports grocery bills in December near 10 percent higher than January. Shoppers who reduced coffee purchases avoided most of the rise. A March 1 1973 AP survey tracked 15 items across 13 cities, with one supermarket each, rechecking monthly. Chocolate chip cookies were dropped from the list at end of November due to a discontinued package size.
MENTIONED IN THIS ARTICLE
Associated Press
Arab foes press boycott against Egypt over peace overture
In Tripoli the rejectionist summit opens as Libya urges an economic and diplomatic boycott of Egypt. Palestinian sources say the move seeks retaliation for Sadat’s deal with Israel and shows broader Arab opposition. Khadafy urges other states to sever diplomatic ties. Assad’s stance is unclear while Iraq and the Palestinian delegation back the proposals.
MENTIONED IN THIS ARTICLE
Tripoli
Libya
Anwar Sadat
Egypt
Sadat
Israel
Muammar Khadafy
Hafez Assad
Iraq
Carter tax plan eyed as $20 to $25 billion cut
Washington sources say President Carter will propose a tax cut of 20 to 25 billion dollars next year with about 75 percent sent to individuals. The plan compares with prior discussions of 15 to 20 billion and raises the share for individuals from two thirds to a higher portion.
MENTIONED IN THIS ARTICLE
Washington
Carter
Jody Socha Wins Midget Pinecrest Most Improved Trophy
The piece notes Jody Socha received the trophy for the most improved player on the Midget Pinecrest football team. It adds his mother earned a special trophy for teaching tackling, passing and catching in their backyard, while a critic laments his past belief in male superiority being canceled by women.
MENTIONED IN THIS ARTICLE
Jody Socha
Pinecrest
Sunny Day Forecast With Chance of Showers
After a couple of rainy days the forecast shows a 10 percent chance for showers through tomorrow. Tomorrow will be sunny with a high in the mid 60s and tonight cool with a low in the mid 40s. The extended outlook calls for showers Sunday through Tuesday and temperatures to remain muddy.
Inside Today Trash To Make A Treasure Pacers Open In New Gym
A local sale of discarded items turns into a treasure as the Pacers open in a new gym tomorrow with auction proceeds totaling 6 250 dollars. See page 12 for details.
MENTIONED IN THIS ARTICLE
Pacers
SRP Construction Project Could Boost Aiken Economy
Martha Mink leads the juniors who rout the sophomores 26 0 and set a clash with the seniors at 7 30 PM tonight at North Augusta High Stadium. The piece notes strong local impact from the SRP construction project on Aiken's economy.
MENTIONED IN THIS ARTICLE
SRP
Martha Mink
North Augusta High Stadium
Murry Sill
AGNS Contract Remains Under DOE Review
The 13 million DOE AGNS contract remains in Washington for review and approval. DOE officials say no target date exists due to language issues in the statement of work, with the work planned through the current fiscal year and compliance to congressional mandates noted.
MENTIONED IN THIS ARTICLE
Department of Energy
DOE
Allied General Nuclear Services
AGNS
James W. Gaver
Savannah River
Washington
William A. Neustadt
Neustadt
Congress
Salvation Army aids a family in need with shelter and rent
The Salvation Army winter relief aid supports a mother and two young children left homeless while the father is in prison. They received rent for a rooming house until Social Services arranged permanent help.
MENTIONED IN THIS ARTICLE
Salvation Army
Department of Social Services
F Army
Nursing Home Site Clear Title To Land Promised By LIN SMITHWICK
Aiken County awaits a certificate of need from DHEC before Younts can deliver a clear title for 32 acres and Cecil's Inc. can secure 25 acres for a proposed 132 bed nursing home. Wessels estates’ probate details blocked title but are settled, extending the county’s 60 day extension review.
MENTIONED IN THIS ARTICLE
Aiken County
Norman W. Younts
Aiken
Younts
Department of Health and Environmental Control
DHEC
Aiken Community Hospital
Cecil's
Cecil
T. W
Chip) Cecil
State Department of Social Services
DSS
Savannah River Plant eyeing large waste solidification project
Nathaniel E. Stetson says SRP considers building a facility to solidify and package high level radioactive waste. Funding from Congress within two years is crucial and the project could rival the 1950s plant cost if approved. Public updates promised as planning proceeds.
MENTIONED IN THIS ARTICLE
Savannah River
Aiken
Nathaniel E. Stetson
Stetson
Congress
David M. Peek
Also Mentioned on This Page
Ruth Walker
Laurens Street
Nixon
North Augusta High
Shannon Hamrick
Lisa Welch
Lin Smithwick
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