Franc Strengthens as Paris Opens Markets in France Crisis
European markets reopened with the franc firming amid De Gaulle austerity pledges to avert devaluation. In West Germany banks limited franc sales to 500 marks per 100 francs, while Bundesbank’s dollar balance dropped about 200 million dollars as speculators shifted to dollars. The dollar moved to 3.9770 marks, with Paris and Zurich postings showing firmer tone.
MENTIONED IN THIS ARTICLE
Paris
Europe
West Germany
U.S
Charles de Gaulle
Deutsche Bundesbank
de Gaulle
France
Frenc
Zurich
De Gaulle Seeks Time to Reshape World Monetary System
Paris AP reports President Charles de Gaulle is using the franc crisis to press for a global monetary reform centered on a return to the gold standard. Debre argues for devaluation tied to other currencies, while France isolates itself and contemplates deeper controls as capital flees.
MENTIONED IN THIS ARTICLE
Paris
Charles de Gaulle
Radio 7
de Gaulle
Rome
U.S
Gurgling Water to Foretell Fate of Trapped Miners
In Murrington West Virginia rescuers heard only gurgling water and pebbles as they probed the Mountaineer Coal No. 9 mine for 78 trapped workers. A sensitive microphone lowered 785 feet found no life signs. seven drill crews continued tests through the night while officials weighed further underground probes.
MENTIONED IN THIS ARTICLE
Mannington
W. Va
Coal Company
Ralph Hatch
Mountaineer Coal Co
Consolidation Coal Co
Mountaineer
Corcoran
James McCartney
Consolidation
McCartney
June Heflin
Wayne Minor
Danny Kuhn
William Claggett
Fairmont
Rumor Lines Up for Italian Premiership Bid
Rome AP says Mariano Rumor with the Christian Democracy party appears again the likely premier candidate. Socialist Alessandro Pertini, tapped by President Saragat, faces challenges forming a government. The center-left coalition may unite CD and Socialists to win a majority in the Chamber of Deputies. Pertini to decide by midweek if he can form a government as Italy's first non CD premier.
MENTIONED IN THIS ARTICLE
Rome
Mariano Rumor
Christian Democratic
Italy
Alessandro Pertini
Giuseppe Saragat
Saragat
Chamber of Deputies
Christian Democrats
Umor
Pertini
Christian, Democrats and Socialists
Sarag
Christian Democratic Party
Wing cracks in C130s raise Air Force repair bill
Washington AP report says the C130 workhorse of Vietnam era has serious wing cracks. Repairs will cost over 11 million dollars, with about 29 thousand per aircraft for fixes. About 85 percent of Southeast Asia C130s are affected, prompting reinforcement and new wing installations on hundreds of planes. Lockheed already secured 7.7 million for wing redesign and a 39 million contract to build 18 new aircraft as demand grows.
MENTIONED IN THIS ARTICLE
Washington
Air Force
Lockheed Aircraft
Lockheed
South Vietnam
Vietnam
Department of Defense
Congress
Use Of Pot Increasing In Maine
Augusta AP reports Maine's top criminal law prosecutor says a separate law may be needed to govern marijuana sale and use. Richard J. Cohen of the attorney general's office notes rising use with no evidence of organized trafficking and urges distinct penalties for sale and for single use versus pushers.
MENTIONED IN THIS ARTICLE
Augusta
Maine
Richard J. Cohen
Attorney General's Office
Nixon Talks To GOP Governors In New York
President elect Richard Nixon planned talks this week with Republican governors and senators on federal appointments and programs. Ohio Governor Rhodes led the GOP side, meeting Nixon at the Pierre Hotel. Nixon's family enjoyed a quiet Sunday near Fifth Avenue and the Plaza, with church services and a brunch. plans include a Dec. 22 wedding for Miss Nixon and David Eisenhower.
MENTIONED IN THIS ARTICLE
New York
Richard M. Nixon
Ohio
James A. Rhodes
Rhodes
Nixon
Hubert H.humphrey
Pierre
Nelson A. Rockeeller
Rockefeller
Fifth Avenue
Plaza Hotel
Central Park
Julie
David Eisenhower
Marble Collegiate Church
Miss Nixon
Dwight D. Eisenhower
Norman Vincent Peale
Dr. Peale
Nixons
Plaza
New York Yankees
Phil Rizzuto
Francis Harvard
Donnie Thornton
Francis
Electoral College Reforms Considered After 1968 Election
Washington report surveys major reform plans to replace or modify the Electoral College. Proportional, congressional district, and direct popular election schemes are analyzed with Nixon Humphrey and Wallace outcomes under each system. Hearings by Sen. Birch Bayh weigh constitutional change, two thirds in Congress and ratification by 38 states required.
MENTIONED IN THIS ARTICLE
Washington
Richard M. Nixon
Hubert H. Humphrey
Parelty
Nixon
House of Representatives
George C Wallace
Senate Constitutional Revision Subcommittee
Birch Bayh
Senate
House
Congress
District of Columbia
Humphrey
Wallace
Virginia
Rhode Island
California
Vermont
Grover Cleveland
Benjamin Harrison
Samuel Tilden
Rutherford B. Hayes
Andrew Jackson
John Quincy Adams
Adams
Arkansas
Cal
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al Poirier
Claude Dubois
A&p Super Market
Biddeford & Saco
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United Mine Workers Union
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