Nixon Action Floats Dollar Challenge to World Monetary System
President Nixon suspended the dollar’s gold convertibility, signaling a move toward a floating exchange rate system. The shift challenges Bretton Woods foundations, devalues the dollar against other currencies, and aims to boost U.S. exports while raising import costs. A 10 percent import tax accompanies the policy to counter foreign taxes and protect American industry.
MENTIONED IN THIS ARTICLE
Washington
UPI
Nixon
U.S
United States
New enemy buildup spotted at start of Ho Chi Minh trail
Western diplomatic sources report American reconnaissance detected a major Communist supply buildup near the Ho Chi Minh trail entrances in North Vietnam. They expect movement into Laos and possible targets in South Vietnam or Cambodia as monsoon season ends in mid October.
MENTIONED IN THIS ARTICLE
Ho Chi Minh Trail
Phnom Penh
UPI
North Vietnam
Laos
South Vietnam
Cambodia
U.S
Hoffa gets new parole hearing after relinquishing Teamsters hold
The UPI report notes the U S Parole Board scheduled a third hearing to decide if James R Hoffa should be released from Lewisburg Federal Penitentiary after he gave up control of the Teamsters. Hoffa, 58, is serving eight years for jury tampering and five for a related mail fraud count tied to an $800 million pension fund.
MENTIONED IN THIS ARTICLE
Washington
UPI
U.S. Parole Board
James R
Jimmy” Hoffa
International Brotherhood of Teamsters
Hoffa
Lewisburg
Michigan
James P. Hoffa
Teamsters
Supreme Court
Frank E. Fitzsimmons
Pension Fund
Justice Department
Union
Fitzsimmons
Justice Black grants stay to Corpus Christi busing
Justice Hugo L Black blocked a court order for daily busing to desegregate Corpus Christi public schools. The stay preserves the district court’s earlier decision while the case authors questions about the government plan, amid a plan costing about 1.7 million dollars for 125 buses.
MENTIONED IN THIS ARTICLE
Justice Black
Corpus Christi
Washington
UPI
Hugo L. Black
Tex
Justice Department
U.S
White House
Nixon
Black
U.S. District Court
US. Court of Appeals
Texas
District Court
Solicitor General
Allied flags lowered as NATO leaves Malta
NATO marks the closing of its Mediterranean naval headquarter on Malta with flags lowered by the United States Britain Italy Turkey and Greece. Negotiations continue on the future use of facilities with Mintoff seeking neutrality and favorable terms while Britain may retain some access.
MENTIONED IN THIS ARTICLE
NATO
Malta
Valletta
UPI
United States
North Atlantic Treaty Organization
Brussels
Southern Naval Command
Naples
Mintoff
Mediterranean
Britain
GM recalls 260000 Chevy and GMC light trucks for inspection
Detroit GM says owners of 260000 Chevrolet and GMC light duty trucks must return vehicles to dealers for inspection of front spring assemblies and power brakes. About 124000 four wheel drive units from 1969 to 1971 may have defective front springs that could cause veering. An additional 136000 dual brake system trucks from 1971 face potential fatigue cracks in the power brake vacuum cylinder and brackets, risking brake line damage.
MENTIONED IN THIS ARTICLE
Detroit
UPI
General Motors Corp
Chevrolet
GMC
At the Movies Hardy Theatre and Drive-Ins Listings
Bennington, Hathaway s and Coury drive ins show Escape from the Planet of the Apes Duck and Boatniks at Harte Theatre. Disney film stars Dean Jones Sandy Duncan Joe Flynn Tony Roberts James Gregory with Robert Morse headlining second film. Dr Phibes Scream and Scream Again at Hathaway s North Adams Love Story Deserter at Coury s. Great Bank Robbery and McCabe and Mrs Miller at Hoosac Drive-In Adams. Second film not recommended.
MENTIONED IN THIS ARTICLE
North Hoosick
Dr. Phibes
Hoosac Drive-In
Adams
McCabe
Mrs. Miller
Also Mentioned on This Page
By Norman Kempster
International Monetary Fund
IMF
Bretton Woods
N.H
Europe
Japan
Canada
Wall Street
Gnomes of
Zurich
Drysdale
POLO
Mastercharger
BankAmericaid
Bennington
Ne’ Goor
Shaffe
Main St
Hudson
Zion Episcopal Church
Main Street
Hudson Falls
New York
Dee Deran Orchestra
House and Lodges
Manchester
Vermont
Department of Health, Education and Welfare
Dom Mintoff
Labor Party
First National Stores
North Bennington Road
Bennington, Vermont
Finast
Hoosick Falls
Vincent Price
Joseph Cotten
Dadibes
OLOR
Peter Cushing Sun
John Wayne
Richard Boone
Big Jake
Cinema Center Films
Schnicolor
Panavion
Lee Marvin
Aeeve Cso UK Oon
Williamstown
Mass
Coury
North Adams
Dorset Playhouse
Dorset, VT
Mount Snow
New England
Jimmy Farrell
Mount Snow Country Club
Snow Lake
Base Lodge
Snow Lake Lodge
Paul Waldron
Elli
Wilmington
Mount
Snow
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