Developer Agrees To Pay Lot Buyers
The FTC approves a settlement with GAC Corp. of Miami in a land development probe. Buyers of Florida parcels get about 2.8 million dollars in cash refunds and replacements in other GAC developments valued at 14 million. The action follows misleading land sales in Florida and Arizona and covers roughly 1,500 to 2,000 dollar per parcel. The commission plans to continue investigations into about 30 other developers.
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Washington
Federal Trade Commission
Commission
FTC
GAC Corp
Miami
GAC
Florida
Arizona
Iowa
Interstate Land Sales Office
HUD
Ohio Klan Chief Seeks Presidency
James R. Venable said Dale Reusch of Lodi Ohio is the presidential nominee with Scott Nelson of Houston Texas as running mate for the Ku Klux Klan ticket in 1976. The convention at Stone Mountain drew about 250 people as the group planned petitions to place candidates on ballots. The Klan vows to oppose foreign aid welfare UN taxes and the Fed chair and to campaign under state ballot rules.
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James R. Venable
Imperial Guard
Dale Reusch
Lodi
Ohio
Scott Nelson
Houston
Tex
The
Texas Fiery Knights
Klan
Venable
George Wallace
Stone Mountain
Board of Education
Federal Hocking
Hocking
Banks Face Pressure After Lloyds Reveals 78 Million Loss
International push for tighter foreign exchange controls rises after Lloyds Bank discloses a loss of up to 78.2 million dollars in Swiss currency dealings. The bank blames the Lugano branch manager and his deputy, says the loss may be offset by tax and insurance to 44.4 million, while authorities probe potential criminality. Central bankers meet in Zurich to discuss controls and possible return to fixed rates.
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London
Lloyds Bank of London
Switzerland
Lloyds
Britain
Lugano
Herstatt Bank
West
Germany
Zurich
France presses for NATO fighter sale amid 350 jet bid
U S officials report France using pressure on the Netherlands Belgium Norway and Denmark as they choose among Mirage F1M53 and U S YF16 YF17 jet fighters to replace aging F104 Starfighters. The decision affects billions in contracts and jobs, with Belgium leaning Mirage while the others show U S preference.
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Washington
NATO
Europe
Netherlands
Belgium
Norway
Denmark
Cyprus Atrocities Charged
In Nicosia the Greek Cypriot government urged an impartial UN and Red Cross led inquiry into mass graves near Maratha with over 20 bodies and as many as 90 believed Turkish Cypriots killed by Greek Cypriot gunmen. Denktash welcomed calls for inquiries in Cyprus.
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Nicosia
Cyprus
Rauf Denktash
Glafcos Clerides
Maratha
Clerides
United Nations Peace Force
International Red Cross
Britain Faces Vote Crisis As Election Nears
Britain faces a looming general election amid a deep economic crisis with inflation around 20 percent by year end. Prime Minister Harold Wilson's minority Labour government struggles to pass policy with Liberal and nationalist support. Unemployment climbs, production stagnant, and a large trade deficit pressure the process ahead.
MENTIONED IN THIS ARTICLE
Harold Wilson
Labor
Liberal Party
House of Commons
Britain
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