Public hearing sought on Maine mortgage rate regulation
Maine officials consider allowing banks to offer variable rate home mortgages with rates tied to an index. The plan could permit increases up to 0.5 percent per year, potentially pushing borrowers toward higher payments or longer loan terms. John Quinn warns of an economic treadmill for families as indexes trend upward.
MENTIONED IN THIS ARTICLE
Augusta
Maine
UPI
Maine Bureau of Consumer Protection
Quinn
Saco Plans No-Cost Read Reform At Public Schools
Saco and Thornton Academy adopt the Right to Read program led by Elizabeth Tierney. The initiative requires no extra funding or outside experts and aims to reverse rising illiteracy with structured daily quiet reading, starting in September across all Saco schools.
MENTIONED IN THIS ARTICLE
Saco
Thornton Academy
Elizabeth Tierney
America
University of Vermontrofessor
Net
John Ewing
Light snow chance forecast for tomorrow
The forecast calls for a light snow possibility tomorrow. The report notes a small chance of snow with no major accumulation expected. The date shown is January 27, 1977, a Thursday.
Biddeford Teachers Contract Negotiations Head to Arbitration
The 1976-77 Biddeford teachers contract remains unsettled after a year of negotiations. An arbitration hearing is set for Friday where the Biddeford Teachers Association and the school board will present their cases. The arbitrator's decision is nonbinding and key issues include salary and steps guaranteeing raises. The district and union largely agree on a three year scale raising base pay from 7800 to 8000 this year, 8400 next year, and 8800 in year three.
MENTIONED IN THIS ARTICLE
Biddeford
Biddeford Teachers Association
William O'Neill
Beach to name town manager from six candidates
OLD ORCHARD BEACH the town council has interviewed three of six applicants for town manager. Jerome Plante, a former acting town manager and beach resident, is among those considered. Two more candidates are to be interviewed Saturday with a decision expected after February 1.
MENTIONED IN THIS ARTICLE
Amy Levy
Old Orchard Beach
Richard Marshall
Jerome Plante
Marshall
Plante
Christopher Kent
Plante Investigation Draws Silence From Town Council
OLD ORCHARD BEACH three of five town councilors refuse comment on a probe by the Department of Manpower Affairs into possible misrepresentation of funds by Jerome Plante regarding unemployment compensation and substitute teaching income. Two councilors not reachable. Plante has not responded to interview requests.
MENTIONED IN THIS ARTICLE
Old Orchard Beach
Jerome Plante
Department O Manpower Affairs
Department
Plante
Christopher Ent
Richard
Marshall
Timothy Tucker
Leslie Wyman
Joseph Mokarzel
William Murphy
Journal
Almanac entry for January 27 1977 highlights events
The almanac notes solar and planetary positions for January 27 1977 and marks notable birthdays for Samuel Gompers and Donna Reed. It recalls Edison patenting the electric lamp in 1880, the 1943 daylight air raid on Wilhelmshaven, Margaret Smiths 1964 presidential bid, the 1973 cease fire with North Vietnam and the end of the draft, with a William James thought for the day.
MENTIONED IN THIS ARTICLE
Joan
Mercury
Mars
Saturn
Venus
Jupiter
Aquarius
Samuel Gompers
Donna Reed
Thomas Edison
U.S. 8Th Air Force
Germany
Wilhelmshaven
Maine
Margaret Smith
United States
North Vietnam
U.S
Energy costs rise regional heating oil prices
New England Fuel Institute officials say home heating oil will cost 1.5 cents more per gallon across the region. Senator Edward Muskie seeks emergency aid for low income households. President Carter pushes temporary price de control and distribution authority for natural gas to prevent shortages across regions.
MENTIONED IN THIS ARTICLE
New England Fuel Institute
Edward Muskie
Eran
Jimmy Carter
Carter
UPI
U.S
Carter Plan Proposes $50 Rebates to Jumpstart Economy
The Carter administration unveils a $31.2 billion program of tax rebates and special payments of $50 for nearly all Americans. The plan aims to quickly lift demand, create jobs through public works and training, and spur growth into 1977 and 1978 despite inflation concerns.
MENTIONED IN THIS ARTICLE
Donald H. May
Washington
UPI
Carter proposes broad stimulus package with rebates and tax changes
The plan outlines $50 rebates to each taxpayer and dependents, Social Security and railroad beneficiaries receive $50 payments, and a mix of tax cuts and credits. It also expands public works, job programs, training, and revenue sharing to bolster the economy.
Chairman Declares End of Yes-Man Era at Board Meeting
At an office gathering the chairman challenged the room asking if everyone agrees as he asserted the era of the compliant yes-man has ended, signaling a demand for independent input.
Also Mentioned on This Page
John Quinn
Bureau of Banks and Banking
By Larry Stains
the Almanacky
United Press International
William James
Oro
Canada
New York
Bayonne
Boston
Atlantic Ocean
Case Budget Committee
Treasury
Michael Blumenthal
Charles Schultze
Bert Lance
Schultze
Lance
Dear
Abby
New England
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