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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jan 23, 1973
Page
6
An eruption on Heymaey Island near Vestmannaeyjar prompted an evacuation by armada of fishing boats and planes. About 5,000 islanders were evacuated with 300 remaining as lava veered toward the town. no casualties or panic reported.
The piece notes that during strong economic times lenders encourage borrowing, while rising delinquencies and strained credit signal eventual trouble. It cites the National Association of Home Builders and Ira O. Scott Jr. of the Savings Bank Association of New York about mortgage and installment loan delinquencies.
A coalition of bankers builders and state agency officials at a Columbia news conference urged ending the federal housing moratorium saying it will hurt the state economy and living standards for low income residents. They noted minimal abuses in SC and pressed for a quick restart of HUD and Farmers Home programs while warning of revenue losses from stalled construction.
The Atoms Energy Commission announced its first major inquiry to determine if there is a negligible risk of catastrophic accidents at nuclear power plants. A year to obtain initial results, with national and international experts contributing, following a 14 month draft report for Congress on Nuclear Reactor Safety.
Florence airport will receive 8815 from the Federal Aviation Administration. Senator J Strom Thurmond announced the grant on Monday saying the funds will be spent on fire and crash rescue equipment.
Al Cook, assistant to Rep. Floyd Spence, says Spence and Sen. Strom Thurmond secured South Carolina’s parade float, not Sen. Hollings. Fire department notes and calls from Kennedy and a party official are referenced as part of the dispute over the float’s inclusion.
Five Navy tugs refloated the nuclear attack submarine USS Batfish after it ran aground at Charleston harbor entrance. Divers found little damage, and the crew of 107 remained unharmed. The Batfish returned to its pier under its own power as Navy investigators review the incident.
In Columbia the House and Senate opened the second week of the 100th General Assembly with light agendas. No floor debate on controversial measures is planned until bills are reported from committee. The ratification of the mini battle amendment from November was not raised last week but is expected soon.
The South Carolina Commission on the Status of Women reports a survey showing men earn higher salaries and face less discrimination in state government. Director Jean Neal notes women with degrees still lag men with less education in pay, and only five agencies are led by women. The group seeks legislation and informs women how legislators vote on women’s issues.
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