05 Feb 1975
Page 1
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Newspaper
Athens Messenger
Location
Athens, Ohio, United States of America
Date
Feb 05, 1975
Page
1
Washington AP Ford economists say they were surprised by the depth of the recession and warn forecasts carry wide margins of error. Greenspan notes auto price climbs and Q4 1974 slump. prediction is for possible late 1975 recovery though not assured. January auto sales fall 17 percent from 1974.
Gov. James A. Rhodes plans a news conference after a Senate vote 21 to 12 approving a School District fund bill totaling 91.3 million dollars to 613 districts, with Democrats opposing earmarked salary boosts and Republicans urging veto amid party splits and possible education impacts.
Aristotle Onassis shows slight improvement and is not in immediate danger. Doctors cite myasthenia gravis worsened by influenza and fever. a heart specialist was flown from New York. Jacqueline Kennedy Onassis is at his side as Christina visits the villa in Glyphada while Alexander is remembered from the January 1973 crash.
In Washington the Democratic response to Ford's economic challenge moves forward. House Speaker Carl Albert has pressed committee chairs to report economic and energy measures by set dates. The Banking Committee aims for a February vote on housing loan expansion and related steps while Ways and Means weighs a 90 day tariff suspension on oil. Committees edge toward a March target for easier mortgage access and a tax cut focused on lower incomes, with notable differences from Ford's plan on rebates and income thresholds.
Milwaukee couple David and wife claimed they spent a $2000 mistaken deposit they believed was from a late aunt. The bank says the funds were deposited in error and seeks repayment, while the couple sue for the remaining $500 and defend their actions claim.
Governor James A. Rhodes signals major highway expansion and a potential June bond issue to fund transportation upgrades. He aims to make Ohio the transportation center of America and finish the interstate system within his four year term. Turnpike officials note no gas tax plan was approved, while bids were let for resurfacing projects across several counties.
IRS warns taxpayers rushing for refunds misread President Ford's proposed 12 percent rebate. Early filers computing refunds with the rebate face potential additional tax due or smaller checks. January refunds rise to 77 million, average 364, with 2.645 million returns, but waits may stretch to eight weeks by April 15.
In Hollywood, Theodore Lane, a Brevoort Hotel maintenance man, declared he was the Skid Row Slasher after a drunken argument. Police briefly jailed him for murder investigation, then released him. A later man confessing at a TV site proved to be another false alarm. Across the nation, UAW leaders mobilize nearly 10,000 auto workers for a rally in Washington to press for jobs amid massive layoffs.
Senator Robert Taft Jr of Ohio disclosed he had a coronary attack last week. He has been in Bethesda Naval Hospital since Jan 29 with pains and fatigue and expects a two to three week convalescence before returning to work next month.
The forecast calls for light rain this evening, followed by snow flurries later tonight and colder conditions. Lows will be in the upper 20s. Details, Page 2.
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