Economy slides toward recession amid rising inflation in 1973
Government figures show the U S economy slowing to 1.3 percent growth in late 1973, with inflation at 7.9 percent and energy shortages likely to worsen conditions. Commerce officials warn the January-March quarter may be flat or negative, signaling a potential recession. Housing starts fell in December while oil costs threaten the trade balance in 1974.
MENTIONED IN THIS ARTICLE
Washington
UPI
Commerce Department
Sidney L. Jones
Commerce Secretary
Jones
Census Bureau
Commerce
John K. Tabor
U.S
U. S
Twin strikes close many NYC schools
In New York City a third day of twin strikes by 6,000 nonacademic employees closed scores of schools, affecting over 500,000 students across 22 districts. Officials warned that almost 600 of 950 schools might not open, and high school closures remained undecided though one did shut.
MENTIONED IN THIS ARTICLE
New York
UPI
City Board of Education
Irving Anker
Labor leader predicts massive strikes in U S
Jesse Calhoon president of the Marine Engineers Beneficial Association warned unions will mount large strikes across the United States to combat inflation and corporate profits. He cited talks with national labor leaders and suggested actions could begin with Teamsters wage demands or coal industry negotiations.
MENTIONED IN THIS ARTICLE
Los Angeles
Upi
United States
Jesse Calhoon
Marine Engineers Beneficial Association
Calhoon
Teamsters Union
Oil embargo fate in doubt as Mideast accord hoped to ease
Washington officials say Arab oil embargo remains fully effective with U.S. imports at about 4.9 million barrels daily the week ending Jan 11. They caution against predicting an early lifting while noting the Israel Egypt accord could invite some relaxation. Analysts warn shortages and possible rationing may rise if embargo persists.
MENTIONED IN THIS ARTICLE
Washington
UPI
United States
John C. Sawhill
Federal Energy Office
FEO
Israel
Egypt
Suez Canal
FEC Weekly
U.S
Venezuela
Canada
Sawhill
Middle East
FEC
William E. Simon
Robert M. Hemphill
House curmudgeon Rep Gross to retire after 13 terms
Washington report profiles Rep Henry R Gross of Iowa known as the Last of the Big Non-Spenders. At 74 he leaves the House after 26 years in which he fought waste and liberal ideas, led the ITO T Club, and often cast tough votes while maintaining a rare personal loyalty to friend Rep Clare Hoffman whom he cared for after a stroke.
MENTIONED IN THIS ARTICLE
Rep. Gross
Washington
UPI
H. R. Gross
Grant Wood
Iowa
Congress
Henry Royce Gross
Gross
House
Clare Hoffman
R-Mich
Hoffman
Michigan
Capitol Hill
Dean Martin Jr Arrested for Dealing in Machine Guns
Dean Martin Jr 22 son of singer Dean Martin was arrested by federal ATFB agents in Los Angeles on suspicion of possession and dealing in machine guns including an antiaircraft cannon He allegedly sold two guns to an undercover agent for 625 and held five more of various makes in reserve The case led by U S Attorney William Keller and ATFB official Steve Morrissey notes a nationwide probe into weapon sources He was to be arraigned and was a UCLA pre med student and former member of Dino Desi and Billy now married to actress Olivia Hussey
MENTIONED IN THIS ARTICLE
Los Angeles
UPI
Dino Martin Jr
Dean Martin
Los Angeles Times
Martin Jr
Federal Alcohol, Tobacco and Firearms Bureau
ATFB
Martin
U.S
the Times
William Keller
Steve Morrissey
UCLA
Dino
Desi
Billy
Olivia Hussey
Dino Crocetti
Steubenville
Ohio
Heath to make final bid to end Britain's crisis
Prime Minister Edward Heath plans one last bid to resolve Britain's economic crisis before dissolving Parliament and calling a general election possibly on February 14. He aims to end the miners strike and coal shortage, seeking talks with the Trades Union Congress and miners leaders at Downing Street while energy and rail disputes linger. Officials note attempts to avoid a full election but warn the crisis could force a vote if talks fail.
MENTIONED IN THIS ARTICLE
London
UPI
Edward Heath
Britain
Heath
Trades Union Congress
TUC
No. 10
Downing St
Lord Carrington
Carrington
At the Movies Two big features this week at the double theatre
At Cinema I the film American Graffiti is among the year's best. It is rated PG. Cinema II offers Walking Tall, an R rated box office bonanza. Executive Action, rated PG, is discussed for its Kennedy conspiracy theory and critique. Walter Matthau stars in Charley Varrick, a bank robbery tale rated PG. For times see ads.
MENTIONED IN THIS ARTICLE
Cinema II
Mark Lane
Lee Harvey Oswald
John F. Kennedy
Burt Lancaster
Walter Matthau
Charley Varrick
Bitter cold grips New England as energy supplies hold
Bitterly cold weather moved into the six New England states driving temperatures to near zero and below. Readings reached 20 below in northeast Maine and Boston marked a record low for the date. NEPOOL said electric energy supplies rose over the prior week and should cover demand despite the cold, while a western storm could bring warming with snow and freezing rain and hazardous driving conditions.
MENTIONED IN THIS ARTICLE
Boston
UPI
New England
Maine
New England Power Pool
Nepool
Also Mentioned on This Page
General Motors Corp
Nyc
Altoona, Pa
Beatrice Steindel
Steindel
Anker
Local 74
Service Employes’ Union
International Union of Operating Engineers
Vincent D. McDonnell
Board of Education
Council of Supervisors and Administrators
CSA
Stephen Farber
NEW York Times
XTALL
Abcp Production
Asernce
Cox Broadcasting Corp
Irow
Rane Releasing
SUN
Ota
Simon
Hamburg
Germany
West Germany
House Post Office and Civil Service Committee
Dean Martin Jr
NEW Harte Theatre
Ain
Alin
Kennedy
London Sunday Times
Sat
Twin Cinemas
HARTE
Robert Ryan
Will Geer
Manchester
Bennington Banner
Main St
Bennington
The
Banner Publishing Corp
United Press International
New York Times News Service
Matthews, Shannon & Cullen Inc
Vermont
Bitter Cold
Dr. Chest
Triple ‘‘S
Grand Union Empire
Intown Restaurant
Intown
Angelina
Mitey
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