Thrift Investors Face 29 Million Dollar Liability Fallout
In Phoenix a federal audit shows Lincoln Thrift and U.S. Thrift Associations of Arizona with liabilities exceeding assets by 29.4 million among investors totaling 52.6 million in accounts last December. Receivership ordered by Judge Walter Cring as Continental Services Corp reports examine asset values and officer loans while preparing liquidation for 33,000 investors and potential distributions to depositors.
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Continental Services
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She Court
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Lincoln
Munios
Rusmussen
GS. Puritt
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Hiros
UN to Debate Israel PLO Clash at Security Council
Israel and the Palestine Liberation Organization prepare for a first UN Security Council debate. Pakistan proposes a resolution condemning Israel in the West Bank and Jerusalem. Egypt and Libya push for PLO admission, while the United States threatens a veto on anti Israel language. Rioting cooled after a tense week, with Muslim leaders urging calm.
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Shipping Crowded At Panama Canal Threatens Global Trade
Large numbers of ships stalled at the Panama Canal amid a wildcat strike by pilots tugboat crews and harbor workers. The U S government sought a court order to curb disruptions while Canal authorities weigh temporary measures. Officials warned the slowdowns could force cargo reroutes and raise transit costs, impacting Atlantic Pacific trade routes.
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CIA Probe of ASU Prof Disclosed
Newly released CIA summaries describe Arizona State University philosophy professor Mortis Starsky as linked to antiwar groups and the Socialist Workers Party. The heavily redacted files indicate Starsky faced scrutiny in 1960s demonstrations, with memos listing foreign visitors and alleging collaboration with hard core antiwar figures. Starsky later worked as a legal researcher in Los Angeles.
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Rainbow Trout Used in Gnat Control Trial
A program plants fingerlings in Calera Haven area to test rainbow trout for gnat control. Officials from the Arizona Game and Fish Department will stock a Mule stretch to aid natural predators. Their aim is to reduce gnat larvae and lessen nuisance sprays on nearby homes.
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Uw Mee
Steiger
Robert Curtis
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Burns policy called vote buying crowds at odds with economy
Washington AP Meany condemned Burns Federal Reserve policy as election year manipulation aimed at aiding President Ford. Abel read a redacted Meany speech accusing Burns Greenspan of distortions while Greenspan dismissed unemployment plans as unworkable. Meany urged Congress to push firm full employment measures amid 7.6 percent jobless rate and 1.6 million discouraged workers.
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Ranchers oppose Navajo land purchase in House Rock Valley
Ranchers argue against the Navajo Terbe bid to buy 250000 acres in the House Rock Valley Paria Plateau area. Arizona Rep Sam Steiger questions the deal citing tribal history and grazing permits. Wildlife officials warn purchase could harm local wildlife and require costly elk relocation.
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State Insurance Department Approves Malpractice Rates in Arizona
The State Insurance Department approved malpractice premium rates for Arizona physicians, making policies cheaper than prior costs. Rates range from about 1,000 to 4,600 dollars annually depending on specialty, with high risk areas costing more. Mutual Insurance Co. of Arizona received authority to issue policies under a state underwritten plan joined by casualty insurers. About 280 doctors will need new coverage by the near term, with many transitioning next year as insurers adjust offerings.
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Attorney Fights Advertising Ban in Court Battle
Attorneys clash over a ban on advertising by lawyers with pretrial hearings and injunction requests. Judge Nielsen weighs a motion for a temporary injunction as Canty argues the bar violates the First Amendment while proponents cite public interest and professional dignity. The court aims to rule within a week.
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