No Fiddling at Fed Rome Burns
The editorial lauds the Federal Reserve Board led by Arthur Burns for lowering the discount rate from 7.25% to 6.75% and reducing reserve requirements to stimulate the economy. It credits the Fed with quicker results than tax cuts while noting inflation risks. It ends with a statement praising Rome’s fire department for protection.
MENTIONED IN THIS ARTICLE
Rome Burns
Arthur Burns
Federal Reserve System
Federal Reserve
Fed
Federal Reserve Bank
Federal Reserve Board
Rome
Strike and Regroup Urge Rhodes to veto $91.3 million education bill
The editorial urges Gov James A Rhodes to veto the recently passed 91.3 million supplemental education appropriation. It argues the bill is a pure handout, ignores district need, and jeopardizes long term levy plans. It calls for withholding funds for a new equitable formula based on need.
MENTIONED IN THIS ARTICLE
James A. Rhodes
General Assembly
Ohio Faces Five Year Gas Shortage Outlook
Ohio industry and business may endure five more years of limited natural gas supplies and curtailment plans. Richard A. Rosan of Columbia Gas comments on ongoing shortages and potential impacts on the state economy.
MENTIONED IN THIS ARTICLE
Ohio
Columbus, Ohio
Richard A. Rosan
The
Columbia Gas
Ohio gas shortage tied to interstate pipelines and storage limits
Columbia Gas Transmission says no near term improvement in gas supply. About 70 percent of Ohio's natural gas comes from interstate pipelines with 90 percent used by industry. Producers note reduced output since 1968 and delays in wells and pipelines have worsened shortages. Industry, business and schools cope as storage is drawn down and preparations begin for next winter.
MENTIONED IN THIS ARTICLE
Columbia Gas Transmission
Charleston
Southwest
Gulf of Mexico
Ohio
Federal Power Commission
Columbia Gas Development Corp
Letters to the Editor on taxes and gas rationing
A Messenger letter criticizes pay as you go income tax as ruinous to workers and curses “Big Brother” policies. It warns of looming gas rationing despite oil shortage warnings since the 1950s and blames government planners for neglecting energy reality.
MENTIONED IN THIS ARTICLE
the Messenger
Man Declares Defiance of Gas Rationing
An Albany resident identified as Jim Wessels vows to defy gas rationing and reject federal and local laws, promising to enter the black market and use counterfeit coupons to obtain gasoline, signaling active resistance.
MENTIONED IN THIS ARTICLE
Jim Wessels
Albany
Ohio Democrats weigh splitting budget items to veto-proof plan
In Columbus Democrats in the Ohio House discuss splitting the two year budget to isolate items likely to be vetoed by Gov James Rhodes. With a 59 to 40 House majority and a 60 vote override threshold they seek to spotlight actions on issues like mass transportation amid an $80.5 million surplus lingering from Gilligan’s era.
MENTIONED IN THIS ARTICLE
Columbus, Ohio
Ohio House
James A. Rhodes
House
Senate
General Assembly
Rhodes
John J. Gilligan
House Committee
Charles F. Kurfess
Perrysburg
Ohio lawmakers recall budget tone and county anniversaries
Kurfess noted that some people got burned while Rep. Tablack remarked the burned are gone as a packed committee laughed. Gilligan’s long budget in his state of the state surprised several politicians. Shoemaker said Democrats pressured him into it. Clermont County turns 175 next Dec 6, with Fairfield County following on Dec 9 as Ohio’s second oldest county since 1800.
MENTIONED IN THIS ARTICLE
Kurfess
George D. Tablack
Campbell
Gilligan
Myrl Shoemaker
D-88
Bourneville
House Finance Committee
111Th General Assembly
Clermont County
Ohio
Ted W. Brown
Fairfield
Northwest Territorial Legislature
Ford Budget Candid and Revealing Examines Inflation and Unemployment
The piece argues President Ford's budget forecasts high inflation around 11.3 percent for 1975 and unemployment near 8 percent this year, 7.9 percent in 1976, and 5.5 percent in 1980. It critiques Ford’s plan as stagnation, cites Okun’s law on lost output, and notes drastic 17 billion dollar cuts framed as political theater while deficits stem from stagnation.
MENTIONED IN THIS ARTICLE
Ford
Arthur Okun
Council of Economic Advisers
Johnson
Okun
Ford Administration
Supreme Court Decision on Columbus School Case Sparks Debate
Washington reports the 5-4 Columbus school ruling portrays the case as ill chosen and likely to complicate education ADMIN and federal courts. Analysts warn that routine school decisions may face due process challenges, risking court overreach into district policies and classroom management.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
Columbus
Marion-Franklin High School
Byron White
White
Powell
Tough Times Foretold by Ford Budget Plan
AP reports the Ford budget forecast warns of a grim 1976 economy with 8.1 percent jobless rate, 11.3 percent cost of living rise, and a 3.3 percent GDP drop. A $52 billion deficit and $86.5 billion debt are highlighted as controversial, while revenue goals and Federal Reserve policy loom large in shaping the outlook.
MENTIONED IN THIS ARTICLE
New York
Administration
Congress
Ford
Also Mentioned on This Page
Judith Ann Yablonky
Associated Press
Ap News
Small Society
Pusher
Sun Times
Democratic Congress
Harry Truman
White House
Truman
National Coalition
Joseph Kraft
Columbus, Constitution
James Kilpatrick
Waserays
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