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Baytown Sun Newspaper Archives Dec 21 1970, Page 4

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Baytown Sun, The (Newspaper) - December 21, 1970, Baytown, Texas 4 the Baytown Sun december Section c i Democrat Connally replaces Kennedy new York a in a move that surprised Capitol Hil As Well As most financial of president Nixon appointed Texas Democrat John Connally to replace Treasury Secretary Kennedy this some observers said the implications of the appointment Are clearly by putting a moderately conservative Democrat in the key economic Nixon Hopes to mute some of the democratic criticism of a High unemployment rate and they they said who lacks the financial expertise of does have the bipartisan contacts and grasp of the legislative process to smoothly sell the administrations fiscal policies to con the former governor of Tex they will have one Basic task in his new position get the Economy moving rapidly upward to do they he will have to con Vince Congress and the nation of the need for strongly stimulative fiscal no one could predict exactly what effect the switch would have on the administrations economic but most observers said they Felt Connally would exert a conservative in a text of a speech made by Connally earlier this month and released this week revealed his doubts the administration could fully succeed in fighting inflation without wage and Price he did not say that he favored such con with the weapons that they i do not think they can wholly accomplish their purpose Short of wage and Price con he he did add that controls Are something which Thev dont want to ask for and which the american people do not want the National Small business association urged the need for some Type of controls in a meet ing with Paul w chairman of the presidents Council of economic advisers and other administration offi the which says it represents Small Busi said there is a need for the immediate adoption of wage and Price the very least that can be done is to adopt guidelines that go beyond Normal Jawbone it if this Doest work the administration should then consider mandatory wage and Price it the Gross National the rate at which the nation is producing goods and crossed the itinerary of it school at sea is Given College Tex a Texas universe itys 1971 summer school at sea will include visits to Den Ireland Portugal and the Canary Anc Virgin the june 12 program is open to Spring High schoo graduate and is conducted in conjunction the training cruise for the Texas maritime a divison of Texa Admiral noted the cruise will be aboard the Texas clip a converted of the cruise originates in Galveston and includes a Stop in route at in addition to visiting foreign ports and getting a taste of life at Admiral Craik said Stu dents have the Opportunity to earn six hours of College credit Texas College of lib eral arts coordinates academic which this year Wil include a Choice of freshman courses in american history and credit of the courses can be applied to degree requirements at Tea Texas or any other Colleg or the Admiral try Sun classified Mark this observers not that this figure reflects inflation As Well As real economic the real Gross National product is expressed in terms of the purchasing Power of the Dollar in this figure has remained relatively unchanged in the past 15 it reached in the third Quarter ended other economic statistics showed that Industrial output fell in november for the fourth month in a the Federal re serve Board the Index dropped per cent last month from october and per cent from the Peak reached in analysts said the decline was significant because none of it was attributable to the automotive other economic pointed out that the decline strengthens the possibility that the 1970 economic slump will be officially labelled a it should also strengthen the Posi Tion of those pushing for a strongly expansionary policy through the budget and the fed eral Reserve monetary they the Commerce department reported that business inventories Rose a Swirn million in the smallest increase since inventories showed a de Cline in total business sales declined for the third consecutive the Commerce department looking to economic project a recent Survey by the University of Michigan reported that consumer Confidence re Mains depressed although there is reason to believe an increase in spending for discretionary items will occur in discretionary items Are those not categorized As the Survey attributed con Sumer pessimism to continuing concern about the unemployment the surveys in Dex of consumer sentiment fell from per cent in the third Quarter to per cent in the fourth another Survey conducted by Princeton University predicted the National rate of inflation will level off at just under 4 per cent by the end of the Survey was conducted among 137 Finan Cial institutions and Corpora barbs by Phil Pastoret the world consumption of Nickel has doubled in Little Over a no to parking there Are Over species of not count ing those on the wife Side of the sentences due after Christmas any Day grandma will begin the traditional rite unfree zing the cookies for the Spain a a military court martial that tried 36 basques extremists for rebellion will make Public the sentences after an informed source said to the source reported the five deliberating behind closed doors since Are expected to finish work and give the sentences to a court official wednesday for but he added that defense lawyers will not be recalled to where they can make Public the until two or three Days after the prosecution has demanded six death sentences and Pris on terms totalling 24 the most of them members of the Basque guerrilla organization has Given the government of Fracisco Franco its worst Cri Sis since the Spanish civil attend Church sunday open daily to until Christmas rom Sale famous maker leather wallets to 7 gift boxed 2 5 99 regular Coats pocket size and most with hidden Money All with credit card in water cowhide and smooth and grained select Tan and All gift ready to fantastic special Purchase mens permanent press 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