Democrats Push Delayed Oil Tariff Amid Debt Limit Clash
Congress moves to link a 90 day delay of Ford oil tariff raises with a higher federal debt limit, while Democrats seek cooperation to refine the energy plan. Speaker quotes and committee votes show partisan tension over the administration energy program and potential veto.
MENTIONED IN THIS ARTICLE
Washington
Ford
Congress
Sam Gibbons
Dfla
Gibbons
House
Ways and Means Committee
William J. Green
D-Pa
Herman T. Schneebeli
R-Pa
GOP
al Uiman
D-Ore
Middleman Drives Most Grocery Price Rise in 1974
Agriculture Department figures show middlemen accounted for over four fifths of the 1974 retail grocery price increase. A 65-item market basket cost an average $33.65 weekly, up $4.09 from 1973, with farmers getting $0.63 of the weekly rise and middlemen $3.46. The full year 1974 market basket totaled $1,750, up $213 from 1973, with middlemen receiving $1,016 and farmers $734. The data illustrate how the consumer food dollar is divided among producers and intermediaries, and project continued price increases into mid-1975.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Department
IBM Cleared of Antitrust Violations in Telex Case
A 10th U S Circuit panel reversed a 259.5 million Telex verdict, finding no predatory conduct by IBM under the Sherman Act. Telex must pay IBM 18.5 million. stocks suspended until Tuesday. Telex president Jarras anticipates appeal to the Supreme Court.
MENTIONED IN THIS ARTICLE
Denver
IBM
Telex
Circuit Court of Appeals
Securities and Exchange
Tulsa
Okla
Stephen J. Jarras
U.S. Supreme Court
Telex Corp
Beef Gets Puncture Process
The growing use of needle tenderizing machines by supermarkets aims to soften tough corn fed beef amid grain price rises. Machines by Ross Industries in Midland, Virginia pierce meat to break fibers, leaving surface unchanged and red. kitchen tests warn meat may dry if overcooked.
MENTIONED IN THIS ARTICLE
Springfield
Department of Agriculture
Ilinois Farm Bureau
Ross Industries Inc
Midland
Locals Form Food Co-op to Fight Rising Prices
About 70 residents of Old Orchard Beach and Ocean Park gathered at Ocean Pines to plan a community food cooperative. Neil Porta of St Francis College outlined co op basics and potential benefit while volunteers from Ocean Pines and nearby towns agreed to initial fruit and vegetable orders with a one percent over cost fee.
MENTIONED IN THIS ARTICLE
Ruth Gilbert
Ocean Pines
Ocean Park
the Pines
Stephen Muskie
Old Orchard Beach
Neil Porta
St. Francis ‘College, Biddeford
Porta
Surrouning
Coop
Robert Baggs
New England Baptist Council
David Howe
Douglas Cruger
N.e.bc
Chester Briggs
Leotta Kelley
Elaine Bowie
Saco
David Clark
Briggs
Rev. Baggs
Kennebunk- Kennebunkport
N.E.B.C
Detroit Auto Makers Extend Major Layoffs Amid Slump
Detroit car companies plan large layoff actions next week as sales lag continues. Ford recalls 20,650 from temporary layoff while adding 43,450 new furloughs. GM and Chrysler also schedule substantial job cuts. Overall, about 248,000 hourly workers face varying furloughs or layoffs as plants shutter and production slows.
MENTIONED IN THIS ARTICLE
Detroit
Ford Motor Co
Ford
General Motors
Chrysler
American Motors
AMC
Brampton
Ont
Today's Chuckle: Interest Burden for Seekers of Loans
A humorous note observes that those who can afford high interest today do not need a loan, implying the burden of borrowing remains steep even for hopeful borrowers.
Also Mentioned on This Page
Green
United States
White House
Middle East
Perh Phenom
Cambodia
Phnom Penh
UPI
Kennebunk- Kennebunkport Co-Op
Clark
Bowie
United Auto Workers
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