SEC probes defense contractors over overseas political payments
The SEC is investigating multiple defense firms including Northrop Corp for overseas bribes tied to Saudi sales and improper political contributions. Senate and Joint Economic Committee officials warn these costs may inflate defense contracts with the U.S. government. the list also names 25 major contractors under scrutiny.
MENTIONED IN THIS ARTICLE
Northrop Corp
Northrop
Department of Defense
Senate
Gulf Oil Co
Korea
Richard Kaufman
Congressional Joint Economic Committee
U.S
Nixon
SEC
General Dynamics Corp
Lockheed Aircraft Corp
McDonnell Douglas Corp
United Aircraft Corp
General Electric Corp
Boeing Co
Litton Industries Inc
Hughes Aircraft Co
Rockwell International Corp
Raytheon Co
American Telephone and Telegraph Co
Grumman Corp
Westinghouse Electric Corp
Textron Inc
Chrysler Corp
Sperry Rand Corp
FMC Corp
Exxon Corp
General Motors Corp
Honeywell Inc
LTV Corp
Standard Oil Co. of California
Tenneco Inc
International Business Machines Co
Bemidji City Council Opposes State Tax Hike Recommendation
The Bemidji City Council unanimously approved a letter to State Revenue head Arthur C. Roemer opposing a 20 percent rise in residential market values and endorsed a 15 percent adjustment by City Assessor Dick Ramon. The vote followed a lengthy debate on potential effects on taxes and state aid, with officials stressing overvalued properties and the need to align assessments with actual selling prices.
MENTIONED IN THIS ARTICLE
Arthur C. Roemer
State Department of Revenue
Bemidji
Dick Ramon
Todd Jansen
Jansen
Curbstone
Sid Erickson
Doug Peterson
Herb Whiting
Erickson
Peterson
Gene Ouradnik
Dow
Roemer
Dougherty
Sponsorship Shortfall Bottlenecks Indochina Refugee Program
A GAO report says lack of sponsors for Indochinese refugees may force extending resettlement camps beyond the planned end date and could require more than the 405 million dollars approved. It cites security delays, sponsor gaps, and data showing 30 percent sponsorship at reception on May 29, with many refugees clustering in warm, urban regions.
MENTIONED IN THIS ARTICLE
Washington
Congress
America
General Accounting Office
Interagency Task Force
Senate Subcommittee On
GAO
United States
Washington, D.C
District of Columbia
Guam
Camp Pendleton
Eglin Air Force Base
Eglin
Pendleton
Bemidji School Board Set for Last Regular Meeting
Bemidji 31 Board of Education meets Wednesday at 7 30 p m in the Bemidji High School board room. The meeting includes changes in the kindergarten program from full day to half day sessions, a Lincoln area parents delegation, staff position additions totaling 65 010, bid awards for Solway window replacement and blacktop work, BRIC budget acceptance, Worker’s Comp bids, extracurricular staff reductions and additions, and a renewal in the Minnesota State High School League. William Schwartz will be replaced by William Howe at the July meeting, with Frank Goodell and Robert Edwards sworn in for new terms.
MENTIONED IN THIS ARTICLE
Bemidji
Board of Education
Bemidji High School
William Schwartz
William Howe
Frank Goodell
Robert Edwards
Schwartz
Lincoln School
Lincoln Concerned
Solway
Bemidji Regional Interdistrict Council
BRIC
Minnesota State High School League
Cuba Returns Hijack Ransom to Southern Airways
Fidel Castro said Cuba would return 2 million dollars seized from the November 1972 hijack of a Southern Airways DC9. The decision, conveyed in a letter to Sen. George McGovern, removes one obstacle on the State Department’s Cuban-American issues list. It was unexpected by U.S. officials.
MENTIONED IN THIS ARTICLE
Washington
Cuba
Southern Airways
State Department
Fidel Castro
George S. McGovern
D S.D
McGovern
Havana
Castro
United States
Supreme Court bars mandatory bar fee schedules
The Supreme Court ruled 8 to 0 that state and local bar associations may not enforce minimum fee schedules against lawyers who charge less. The decision aims to curb forced high legal fees for matters like buying a home writing a will divorces or starting a small business.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
Italian Communists Close Gap With Christian Democrats
Italian Communist party trailed the Christian Democrats by about half a million votes in nationwide local elections. Party secretary Enrico Berlinguer hailed the result as evidence of the Communist party’s role as a bastion of freedom. The vote, though local, intensified pressure for parliamentary dissolution and early national elections.
MENTIONED IN THIS ARTICLE
Rome
Communist Party
Christian Democrats
Enrico Berlinguer
Marianas plebiscite votes for commonwealth status
In Saipan the Northern Marianas Islands voters backed a commonwealth under the United States flag with 3024 to 928 in a plebiscite. Turnout was about 85 percent as Congress must decide on approval and potential status akin to Puerto Rico. If approved, it would be the first new U S territory since 1925.
MENTIONED IN THIS ARTICLE
Saipan
Northern Marianas Islands
United States
U.S
Pacific Island
Puerto Rico
Congress panel orders gas producers to turn over records
A House subcommittee on oversight and investigations subpoenas seven major natural gas companies and the American Gas Association for confidential reserve data. The action follows FTC attempts since 1970 to obtain the records and seeks to determine if reserves were overstated to justify higher interstate price ceilings. Subpoenas target CEOs of AGA, Standard Oil of California, Exxon, Mobile, Shell, Standard Oil of Indiana, Tenneco, and Texaco. four others had already provided information.
MENTIONED IN THIS ARTICLE
Congressional
Washington
Federal Trade Commission
U.S
Federal Power Commission
The
Trade Commission
John E. Moss
Dcalif
House Commerce Committee
Subcommittee On Oversight and Investigations
James M. Collins
Texas
American Gas Association
Standard Oil of California
Exxon, Mobile Corp
Shell Oil Co
Standard Oil of Indiana
Tenneco
Texaco Inc
FTC
Weather outlook with shower chance and lake level note
Partly cloudy today tonight and Wednesday with a slight 20 percent shower and thunderstorm chance. Highs in the 70s today and Wednesday with lows in the 40s and 50s. Lake level reads 1339.58 while normal is 1340.
Turkey Retaliates Over U.S. Arms Embargo Demands Talks
Ankara demands within 30 days talks on U.S. base status after four month embargo. noted 20 U.S. installations could face a new situation if talks not started. Foreign Minister Caglayangil cites unjust U.S. move and warns of potential U.S. force withdrawal per NSC timetable linked to proposals to hit U.S. interests.
MENTIONED IN THIS ARTICLE
Ankara
Turkey
United States
U.S
Also Mentioned on This Page
Heritage
Horizon
Berglund, Dow
McMahon
Berglund
Ottertail Power Company
Heard
Minnesota League of Municipalities
St. Paul
Marianas
AGA
FPC
Ihsan Sabri Caglayangil
National Security Council
Suleyman Demirel
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