28 Mar 1975
Page 1
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Newspaper
Amarillo Daily News
Location
Amarillo, Texas, United States of America
Date
Mar 28, 1975
Page
1
The piece argues that government cash handouts may be risky, borrowing and high interest loom. It recalls the 1948 Berlin airlift and notes current Indo-China refugee rescues aboard Jumbo Jet 747s with refugees moved quickly to safety. It laments past and present U.S. missions and credit for free money.
A tornado ripped through Lefors at about 12 49 a m destroying a third of the town and killing 3 year old Stephenie Ann Anzaldua. Forty residents were injured as utilities were knocked out and communication cut off. Fire officials and the mayor described the scene as miraculous for the lack of fatalities.
The index of leading economic indicators rose 1 percent in February for the first time in seven months, and the February foreign trade surplus reached a record 917 million dollars, easing pressure on the dollar. Analysts cautioned it is too early to declare a recovery, as the index remains 8 percent below year-ago levels. The report notes a prior six-month drop totaling 12.8 percent. The text ends with a note on imported oil volumes.
Partly cloudy and colder today with considerable cloudiness tonight and Saturday and a slight chance of light snow. Low tonight in the middle 20s. High today and Saturday in the low 40s. Winds northerly 10 to 20 mph today. Probability of precipitation 20 percent tonight.
The United States saw a 45.5 per cent drop in oil imports in February to 156 million barrels, following a January surge of 285 million barrels. Officials cited potential conservation effects and noted both imports and exports fell, leaving the trade balance still behind year-earlier levels. A Federal Reserve economist cautioned that a single month does not establish a trend.
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