Consumers urged to curb spending to fight inflation
Federal Reserve Chair Arthur Burns and Bank of America president A W Clausen warn that inflation can only be checked if Americans cut discretionary spending and show thrift. President Nixon cautions continued sacrifices, while critics note wage gains lag behind rising prices, complicating the burden on households.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Arthur Burns
Burns
A. W. Clausen
Bank of America
Nixon
Clausen
John Q
Trade Deal Lets Soviets Profit While US Banks Support
The Export-Import Bank plans a 180 million loan to the Soviet Union for fertiliser plants and a 1200 mile pipeline, with private banks matching funds. Soviet 10 percent down payment and 12 year repayment begin 1979 with 6 percent interest on the US share at prime rates. The arrangement favors the USSR as part of a broader two billion dollar barter and loan package amid Detente and rising oil costs.
MENTIONED IN THIS ARTICLE
United States
Soviet Union
U.S
Ex-Im Bank
Ussr
Kissinger's European nerves rise over his bold diplomacy
The piece portrays Henry Kissinger as a powerful yet unsettling figure to European leaders, portraying him as a behind-the-scenes force shaping Middle East and NATO policy. It argues his successes could threaten NATO unity, complicate arms budgets, and provoke anxiety among European powers wary of his influence.
MENTIONED IN THIS ARTICLE
Henry Kissinger
Dr. Kissinger
Henry
U.S
Egypt
Israel
Syria
China
Soviet Union
United States
Brandt
Fulbright
Trudeau
Heath
Kissinger
NATO
South Vietnam
Hanoi
Suez Canal
Europe
Congress
Atlantic Alliance
Johannes Steinhoff
Warsaw Pact
West Europe
It's No Wonder You Sometimes Feel Wrung Out
Paul Harvey critiques doom and gloom coverage and cites upbeat data on employment, incomes, and international relations. He argues against negative press narratives and reflects on aging and America's progress with a humorous, blunt tone.
MENTIONED IN THIS ARTICLE
Paul Harvey
Watergate
Also Mentioned on This Page
United States of America
Uncle Sam
Russia
Tilton H. Dobbin
By Holmes Alexander
Citizen Smith
Reytes
Tobe Spedcote
Bint Wray
Earth
Aiken
Samuel A. Cothran
Robert D. Cathcart
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