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Newspaper
Argus
Location
Fremont, California, United States of America
Date
Feb 16, 1975
Page
4
Delegates at the National Conservative Political Action Conference in Washington debated forming a new party and pursuing a third choice program of freedom. The gathering focused on strategic alignment and potential political realignment.
Kuwait's Kuve, Asernatinal Ves tment Company and Kuwait Investment Company pulled from two Merrill Lynch managed bonds after the underwriters refused to drop Lazard Freres, a bank on the Arab boycott list. Lazard, Rothschilds and others face boycott pressure as Arab nations avoid Western banks over alleged pro Zionist ties.
Washington previews foresee a near 7 billion deficit by 1976 despite defenses. A Social Security Advisory Council report to Congress in February urges drawing general revenues to cover the gap, risking higher taxes. It warns funds could be exhausted late in the decade unless reforms and new financing are undertaken. The Senate Finance Committee stresses the link between trust in the program and payroll support.
Superior Court Judge Hollis Best ordered a new recount in the Fresno County sheriff election after write-in candidate C Pome Whitt challenged the results. Langley’s margin remains large, but 60 and then 133 additional write-in ballots were found, prompting a system for recount by next Wednesday.
UPI reports a hit and run driver fatally struck 16 year old Patrick Lantz as he walked with his brother after a minor collision. Lantz was carried on the vehicle’s hood for 150 feet before being thrown to the pavement and dying at the scene. His brother Steven, 17, witnessed the incident and had earlier been in a minor accident as a passenger in their car.
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