Ford proposes 100 billion Energy Independence Authority
President Ford sends a 54 page bill to Congress to create an Energy Independence Authority funded with 100 billion dollars to finance energy projects aimed at reducing oil imports by 1985. The plan envisions a five member board and 25 billion dollars in capital stock plus 75 billion in notes and bonds, with emphasis on projects that directly boost energy independence. Ford notes private capital may not cover needed investments and touts job creation and reduced reliance on foreign energy. Congress reacts with skepticism as Treasury concerns are raised. The plan seeks rapid development of energy technologies and large scale conventional projects to accelerate independence.
MENTIONED IN THIS ARTICLE
Washington
Ford
Congress
Inance Energy
House
Senate
Energy Independence Authority
EIA
San Francisco
Nelson A. Rockefeller
Ate
Powe
Treasury
William E. Simon
Pro
America
Old Orchard Beach Council Approves Cable TV Rate Hike
Old Orchard Beach town council voted unanimously to raise Continental Cablevision basic service rates by 80 cents per month starting Jan 1 1976 and an additional 40 cents on Apr 1 bringing basic service to 6.55. The firm offered senior exemptions and aid for municipal educational use. The meeting also covered regional waste disposal talks, a grant plan to convert an abandoned dump to recreation space, a new town room site, a concealed weapon permit, and the formation of an economic improvement commission with five members to attract industry.
MENTIONED IN THIS ARTICLE
Susan Morrison
Old Orchard Beach
Continentalablevision
Continental
Biddeford
Saco
E.C. Jordan Co
Jordan Co
Charles Damery
Kennebunkport Considers Lawsuit to Enforce Contract Terms
Kennebunkport selectmen voted to sue SAD 71 and others to reassert the 1968 contract terms for school funding. The action would target LD 1994 and LD 1452, claiming Plan B favors 70 percent property valuation and 30 percent enrollment. A special town meeting on Nov 17 would fund the action, estimated at $5,000.
MENTIONED IN THIS ARTICLE
Peter Kingsley
Kennebunkport
Kennebunk
Abbott Pendergast
Charles Sullivan
Selectman
Steadman Seavey
Henry Steinfield
Steinfield
Advisory Committee On
Alternative
Harpswell
State Supreme Court
Nixon Plays Golf To Help Charity
Former President Richard Nixon played five hours of golf at La Costa in a charity event with Teamsters chief Frank Fitzsimmons. Eyewitnesses noted gray eyebrows and a steady, personal demeanor as Nixon spoke to about 50 amateurs. He finished with a 92 and emphasized helping the Little City for Retarded Children of Palatine Illinois.
MENTIONED IN THIS ARTICLE
LA Costa
Calif
Nixon
Richard Nixon
Teamster
Frank Fitzsimmons
San Clemente
Palatine
Ill
Robert Achman
Chicago
Ford cancels Louisville trip over security concerns
President Ford cites safety for canceling a Louisville visit amid fears of large antibusing protests. Kentucky Governor Julian Carroll says emb armado ment fear drives the decision, while security measures tighten after recent assassination attempts. Ford plans meetings with Olav V and Melo Antunes before Detroit broadcast and GOP event.
MENTIONED IN THIS ARTICLE
Washington
Ford
Louisville
Kentucky
Julian Carroll
Carroll
Norway
Olav V
Melo Antues
Detroit
200 Mile Fishing Limit Approved by House
The House approved a measure to extend the U S fishing limit to 200 miles, preventing foreign fleets from fishing within 200 miles of the coast. The vote was 208 to 101, with a plan to permit fishing only if stocks are ample and conditions are negotiated.
MENTIONED IN THIS ARTICLE
Washington
U.S
Coast Guard
House
Hursday
United States
Japan
Soviet Bloc
New England
U.N
VW Ends U S Economy Car Era With 1976 Price Hike
Volkswagen will not compete in the U S economy car segment this fall marking the end of its two decade run as America’s leading economy car. VW raises 1976 base prices about 7.5 percent while expanding standard equipment on remaining models as Toyota and Datsun gain ground.
MENTIONED IN THIS ARTICLE
Detroit
Volkswagen
America
U.S
VW of America
Toyota
Datsun
Rone
Inside the Journal Chuckle: Live Within Your Means
A humorous line suggests living within bounds even if it requires borrowing to do so. The quip frames thrift as a playful rule of personal finance.
Also Mentioned on This Page
White House
Ron Nelson
Thornton Academy
Deering High School
Trojan
Scott Freudenberger
Portland
Thornton
Irving Hirst
Norman Guerette
Donald Zahares
Michael Schoonjans
David Despres
John
Litwinetz
Hirst
Jerome Plante
Plante
Old Orchard Street
Itwinetz
P.O
Alfred Reistry of
Kennebunkport Action
Selectmen
Budget Board
Fred Ayer
Astet
Fitzsimmons
Secret Service
Jack Brennan
Long Beach
Dachman
Blican
Uisville
Bee
California
Commerce Committee
Henry A. Kissinger
United Nations
Joel Pritchard
Rwash
Gerry Studds
D-Mass
American Motors
General Motors
Chrysler
Inside the Journal
Maine
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