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Newspaper
Biddeford Saco Journal
Location
Biddeford, Maine, United States of America
Date
Dec 24, 1976
Page
4
Local oil distributor F. D. Peebles Jr. seeds Decatur with 300 dollars in a 7.5 percent certificate of deposit to be opened in 2126. Banker estimates about 21 million in future value, though inflation may reduce purchasing power to roughly 250 dollars.
The Navy posted the highest desertion rate on record for the year ending last June 30, doubling the Vietnam era peak. The Army saw its lowest rate in a decade, the Air Force remained low, while the Marine Corps continued to have the highest rate overall. Rates per 1000 enlisted were 24.8 for Navy, 17.7 Army, 1.2 Air Force, and 69.2 Marines, reflecting a sole year increase for the Navy. Navy officials began a study to explain and correct the trend amid an all volunteer force with peak pay and benefits.
Washington report finds President elect Carter assembling a capable, amiable staff focused on apparatus and process. Aimed at rapid, transparent governance, the group plans televised forums, cabinet question sessions, executive committees, and regular public opinion input while emphasizing policy development and congressional outreach.
Journalistic briefing alleges Kuwait and OPEC push to rig LPG and LNG prices, aiming to shield or profit from a forthcoming gas surplus while warning of potential global price spikes. It also covers interagency disputes at the Consumer Product Safety Commission, and Pentagon-led Kentucky depot closures with political overtones ahead of elections.
Russell Baker skewers New York banks for overhyped romance style advertising. He recalls arriving in the city to glamorous promises of a perfect teller, only to face long lines, surveillance and routine service, a mismatch with the commercial ideal. The piece mocks bank marketing and its dissonance with real experience.
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