Transport Chief Sees A Mandatory Curb Of Cars
Washington AP report quotes Secretary Volpe warning mass transit breakthroughs must come within two years or cities may curb auto use. He cites possible vehicle restrictions, urban tolls, or freight-hour limits, and advocates bold mass transit solutions to avoid traffic gridlock.
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Stock Market Reacts To World Uncertainty
New York markets sag amid inflation and political tensions from Vietnam to the Middle East. The Dow Jones average slid for months, closing around 924.30 amid hopes for Vietnam progress and fears of continued inflation and tighter policy. Investors pull back, seeking real estate and other assets as corporate profits outlook dims.
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