06 Jul 1973
Page 1
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Newspaper
Bennington Banner
Location
Bennington, Vermont, United States of America
Date
Jul 06, 1973
Page
1
Herbert Stein told a Cleveland Rotary luncheon that Phase 4 details are being developed intensively and a formal announcement may come within a week to ten days. He outlined aims to ease price controls, foster a differentiated system, and curb inflation while preserving purchasing power and employment gains.
Phnom Penh government says it is ready to talk to a representative of the other side and accept a cease fire. Foreign Minister Lang Joret outlined a six point program under Paris accords and withdrawal of foreign forces with IC C watch and UN help. U S Ambassador Swank urged cautious consideration of the move.
New York money experts blame the dollar slide on psychology and lack of confidence. They cite Watergate as a mood driver while noting undervaluation abroad and concerns about government handling, inflation, and long term economic plans.
Ford Motor Co ends the convertible era with the last Ford built 1973 Mercury Cougar leaving the Dearborn plant at 10 40 a m The peak year for convertibles was 1965 with 510 633 produced Convertible sales have fallen since 1965 to 72 000 in 1972 General Motors will offer softtops in 1974 Chrysler and AMCs earlier endings are noted The final Ford convertible goes to Floyd Moore of Chicago Ford VP William P Benton cites air conditioning as a key factor in the demise
Former White House aide Krogh, linked to the Ellsberg burglary, invoked the Fifth Amendment before a grand jury amid a probe tied to Watergate. He provided a brief statement to reporters and departed, while prosecutors pursue related documents and possible indictments as the panel reconvenes.
British pair Michael Bailey and his wife endured 117 days adrift on a life raft following a yacht collision near Mexico. They survived on rainwater, turtles, seagulls, and sharks while drifting until rescued by a South Korean fishing vessel in June. They were en route to Pusan in a Weolmi ship and plan not to sail again.
UPI reports HEW Secretary Caspar W. Weinberger directed a freeze on federal funds used for sterilization procedures in response to news of involuntary sterilizations of two young Black girls in Alabama. New guidelines to protect individual rights and comply with state laws are to be prepared by July 19, with regional HEW directors and state governors to halt funding for sterilization of minors and legally incompetent individuals until then.
A wide array of screenings fills the region with family fare and star power. At Cinema 1 a Ross Hunter remake of Lost Horizon leads a diverse lineup including Disney double bills at Cinema T1 and Barbra Streisand in What's Up Doc at Main Street. Drive-ins like North Hoosick and Bennington feature Disney and kung fu titles, with a Justice Department Civil Rights Division probe into Alabama sterilization funding and remarks by Weinberger stressing individual rights in medical cases.
Washington reports government actions raise passbook savings rates while FHA and VA mortgage ceilings climb. HUD secretary says higher rates for FHA will keep mortgage money available and cut points for buyers, though Congress recess delays full FHA increase. Debates grow on inflation and citizen impact.
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