Global currency realignment lifts gold price and jobs outlook
The Group of Ten agreed to raise the official gold price from 35 to 38 dollars an ounce, reducing import costs and boosting U S production and jobs by an estimated 500,000 to 750,000. Foreign items get pricier, travel costs rise, and consumer prices remain largely unaffected. The plan also lifts a 10 percent import surcharge and awaits congressional approval.
MENTIONED IN THIS ARTICLE
Washington
U.S
Nixon
United States
Yahya Khan Resigns as Bhutto Becomes Pakistan Leader
President Yahya Khan resigns after army defeat in the India war. Zulfikar Ali Bhutto sworn in as president and chief martial law administrator. Bhutto vows unity, notes Pakistan’s sovereignty, and Wartime changes amid East Pakistan tensions and martial law continuation.
MENTIONED IN THIS ARTICLE
Yahya Khan
Bhutto
Pakistan
Associated Press
Agha Mohammed Yahya Khan
Zulfikar Ali Bhutto
India
United States
United Nations
Nixon
U.S
Joseph S. Farland
Islamabad
Sheik Mujibur Rahman
Paki
East Pakistan
Nuril Amin
Yahya
West Pakistan
Tax cuts set to boost spending power in 1972
Washington reports that federal income tax cuts taking effect Jan 1 will increase take home pay for most Americans, with singles and single-wage households seeing specific adjustments. Higher Social Security taxes and a higher standard exemption are offset by larger exemptions and a broader standard deduction, boosting spending power while warning about potential April liabilities.
MENTIONED IN THIS ARTICLE
Internal Revenue Service
Congress
IRS
Cease fires urged as Christmas truce runs through Indochina
Thieu urged Communists to end fighting in Indochina so peace talks can begin. Viet Cong had announced multi day ceasefires for Christmas New Year and Tet. In Saigon a U S fighter bomber approached Hanoi within 90 miles amid reports of downed aircraft and Laos operations.
MENTIONED IN THIS ARTICLE
Thieu
Indochina
Viet Cong
Saigon
U. S
Hanoi
Son Tay
U.S
Air Force
Laos
Journalists clash over on the record briefings debate
State Department correspondents split over the Post and Times not obeying not for attribution rules. The association weighed actions on government information policies as Kissinger briefing on Air Force One drew fire from reporters.
MENTIONED IN THIS ARTICLE
State Department Correspondents’ Association
Washington Post
Post
State Department
the Post
The
New York Times
Air Force One
National Security
Henry A. Kissinger
Correspondents’ Association
White House
Ronald L. Ziegler
Kissinger
Fire kills nine year old in Franklin home blaze
Nine year old Rhonda Branham died last midnight when a frame house burned. Her brother Vincent 13 carried sister Tina 11 to safety after discovering Rhonda inside. Vincent suffered slight burns and attempted to reenter the home.
MENTIONED IN THIS ARTICLE
Franklin, Ohio
Rhonda Branham
Vincent
Tina
Rhonda
Intelsat 4 Satellite Placed in Preliminary Orbit
At Cape Kennedy a new international communications satellite began a great elliptical pass as a ground station ready to lock it in a stationary orbit above the Atlantic Ocean. The second in the Intelsat 4 series launched by Atlas Centaur reached an initial orbit from 350 to 22,300 miles high.
MENTIONED IN THIS ARTICLE
Cape Kennedy
Fla
International Communications
Atlantic Ocean
Also Mentioned on This Page
Cost of Living Council
Group of Ten
Mukti Bahini
Dacca Race Course
Stan
Bangla Desh
Rome
New Delhi
Pakistan People’s Party
National Assembly
Sheik Mujib
Awami League
Mujib
Rawalpindi
New York
Marble Collegiate Church
David
Julie Nixon Eisenhower
Norman Vincent Peale
Tricia Nixon Cox
Edward Cox
Eisenhowers
Dr. Peale
Frank Starr
Chicago Tribune
Ziegler
Washington Post Co
Belfast
Northern Ireland
Magherafelt
Berlin
East
West Berlin
Robert G. Bobby Baker
U.S. Senate
Baker
Daniel Berrigan
U.S. Board of Parole
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