Ford orders steel price hike justifications amid recession fears
President Ford demanded an immediate explanation from United States Steel and CF I Steel Corp for price increases up to 8 percent. Treasury Secretary Simon warned unemployment could rise to about 7.5 percent next year as recession deepens and cautioned against large government spending to curb inflation.
MENTIONED IN THIS ARTICLE
Washington
Ford
Council On Wage and Price Stability
United States Steel Co
Cf&i Steel Corp
Treasury
William E. Simon
Simon
Senate Budget Committee
U.S. Steel
John F. Kennedy
Kennedy
Foreign Aid Bill Nears Passage and Job Plans
Congress moves toward approving a $5.1 billion package funding up to 330,000 public service jobs and extended unemployment benefits aimed at recession relief. A companion bill would extend benefits to 52 weeks, with Ford seeking $4 billion immediately for 110,000 public service jobs. A separate $2.7 billion Turkey aid renewal cleared by Kissinger and lawmakers faces no major opposition, while Rockefeller's vice presidency awaits final confirmation. U.S. Steel announces an 8 percent price increase affecting two thirds of products as profits rise.
MENTIONED IN THIS ARTICLE
House
Senate
Ford
Congress
Henry A. Kissinger
U.S
Turkey
Cyprus
U.S. Steel
Cf&i
Pueblo
Colo
Congressional
Glenn to be seated early after Metzenbaum resignation
Sen elect John Glenn will be sworn in early after Ohio Senator Howard Metzenbaum resigns effective December 23 to allow Glenn to gain Senate seniority. Gov. Gilligan is expected to appoint Glenn, the former astronaut who beat Metzenbaum in May, with Glenn campaigning on inflation and energy conservation.
MENTIONED IN THIS ARTICLE
Washington
John Glenn
Howard Metzenbaum
Ohio
Glenn
Metzenbaum
Cleveland
U.S
Robert Taft
Stephen Young
Cincinnati
Greater Cincinnati
Ohio Firms Cut Jobs as Gas Shortages Hit Industry
Republic Steel Elyria plant to operate two shifts, one week out of four, amid gas cutbacks. Seiberling Tire & Rubber lays off 450 workers. total Ohio furloughs reach 43,315 as demand slows. Ohio energy chief warns residential curtailments may follow to protect jobs.
MENTIONED IN THIS ARTICLE
Associated Press
Republic Steel Corp
Cleveland
Steel and Tubes Division
Elyria
Akron
Seiberling Tire & Rubber Co
Ohio
Seiberling
United Rubber Workers Local 18
URW
Republic
Public Utilities Commission
Columbus
David Sweet
Sweet
Ohio Emergency Energy Commission
Trial Clears Sexist Santa Over Miniskirt Hassle
In HEW the Santa, Russell M. Roberts, faced complaints after two helpers wore miniskirt costumes. A heated meeting ended with a not guilty verdict. Roberts had funded costumes costing $56.30 and collected donations for the department’s Christmas Bureau.
MENTIONED IN THIS ARTICLE
Santa
Washington
Department of Health, Education and Welfare
Russell M. Roberts Hew
Freedom of Information
HEW
Julie Frasner
Linda Hadock
Roberts
Oil Union Strike Likely Amid stalled Talks
A union of about 60 000 oil refinery workers warns of a probable nationwide strike next month as talks with the petroleum industry stall and wage demands face stingy industry responses. If staged, the stoppage could cut refined petroleum production by 35 to 50 percent.
MENTIONED IN THIS ARTICLE
Washington
A. F. Grospiron
Oil, Chemical and Atomic Workers Union
Grospiron
Misleading Profit Reports Charged To Food Chains
Washington AP reports congressional economists say major food chains misstate profits to hide steep gains. Joint Economic Committee staff cites 1973 to 1974 profit jumps and urges scrutiny at Thursday hearings with Safeway executives.
MENTIONED IN THIS ARTICLE
Washington
Joint Economic Committee
Safeway
Mitchell
William Proxmire
D-Wis
Hubert H. Humphrey
Dminn
Coal-User Layoffs To Rise
Coal-starved industries planned more layoffs as striking United Mine Workers construction workers picketed. Federal mediators joined renewed talks between 4,400 construction workers and the ABC. Meigs County and Pittsburgh mines reopened, while Jones & Laughlin Steel announced 1,000 furloughs and a furnace halt. U.S. Steel and Bethlehem Steel warned of further layoffs if walkouts persist.
MENTIONED IN THIS ARTICLE
Charleston
W.va
United Mine Workers
Washington
Association of Bituminous Contractors
ABC
UMW
Southern Ohio Coal Co
Meigs County
Jones & Laughline Steel Co
Pittsburgh
U.S. Steel
Bethlehem Steel
Ford signs first U S safe drinking water standards
President Ford signed a bill creating the nations first safe drinking water standards and the Environmental Defense Fund asks EPA to use emergency powers in five cities New Orleans Jefferson Parish Evansville Cincinnati and Duluth over cancer causing chemicals in tap water. Cincinnati will begin auto emission testing Jan 2 to meet federal pollution rules as Hamilton County leads Ohio with testing.
MENTIONED IN THIS ARTICLE
Washington
Ford
U.S
Environmental Defense Fund
Environmental Protection Agency
New Orleans
Jefferson Parish
Evansville
Ind
Cincinnati
Ohio
Duluth
Hamilton County
Norwood
Large U.S. payments deficit hit 3.6 billion in Q3
The Commerce Department reported a 3.6 billion dollar balance of payments deficit for the United States in the third quarter. Foreign oil costs weigh on the nation's payments position, contributing to the year’s deterioration.
MENTIONED IN THIS ARTICLE
Washington
United States
Commerce Department
Weather Outlook and Night Low Temperatures
Partly cloudy tonight with lows in the low 20s. Thursday remains cloudy with a chance of light snow and highs in the mid to upper 30s. Details on Page 2.
MENTIONED IN THIS ARTICLE
Ford
President's Park
Washington
Also Mentioned on This Page
Tial
Nelson A. Rockefeller
Rockefeller
William B. Saxbe
Gilligan
Ralph J. Perk
Columbia Gas of Ohio, Inc
Department
Federal Women’s Program
Lete
W.S. Mitchell
Safeway Stores Inc
Neaog
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