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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Aug 24, 1971
Page
10
The Bridgeport Telegram page notes publication details from The Post Publishing Company and Bridgeport Rost, referencing a Sunday edition and Associated Press wire dispatches. It mentions external news service affiliation and local news printing details for the period.
President Nixon releases $2 billion to subsidize FHA and VA mortgages, aiming to cut interest and points for buyers. The plan deploys GNMA to purchase loans at a discount and resell to lenders, potentially subsidizing about $40 billion in housing and aiding up to one million families. It seeks to spur construction jobs and stabilize housing costs.
The State University of New York at Stony Brook Health Science Center launches a $250 million complex on Long Island aiming to become the world’s largest medical school. It consolidates nursing, allied health, basic sciences, social welfare, medicine, and dentistry with a nine year training path and early patient involvement. The entering class of 24 was chosen from 2800 applicants, with goals to enroll 3,500 students and a 600-member faculty, as physicians work in teams with broader community care.
An Army report shows desertions among men in Vietnam dropping from 5.3 per 1000 in 1967 to about 4 per 1000 now, while desertions elsewhere rise. The decline aligns with a policy of upgrading GIs and increasing liberty to attract volunteers, aiming to curb AWOL and improve discipline as the war wanes.
Congress quickly passed and President Nixon signed a new public service jobs program, promising federally supported work for 150,000 unemployed Americans. The plan allocates about 1.0 billion dollars, with at least 1.5 million to each state and 8250 million to areas, aiming for jobs by Labor Day and avoiding makework. Flags around Washington are ordered to fly day and night to honor America's independence, while other notes mention White House dining chatter and a Cantonese joke at the Executive Mess.
Alfred R. Stern of Television Communications discusses CATV expansion across the nation, noting vast future services such as home shopping, electronic meter reading, home surveillance, professional programming, and a pay per view model. He cites typical monthly costs and argues CATV will complement rather than replace theaters, with growing capacity enabling targeted advertising and in-house merchandising while acknowledging ongoing regulatory debates.
The Nixon economic package proposes tax cuts totaling 34.2 billion and spending cuts of 4.7 billion, with a forecast 1972 deficit near 35 billion. Critics argue half the savings may be illusory, as revenue sharing and welfare reforms look unlikely to pass Congress. The plan aims to curb spending on welfare while not touching defense, drawing scrutiny for symbolic cuts and potential impact on urban poor and minorities.
The piece critiques a 1971 style budget maneuver, noting a proposed job development credit costing over $3 billion in revenue losses this year with estimates ranging up to $5 billion in the long run. It contrasts past surplus projections with the current deficit risks, warning against pursuing further deficit growth as totals near $40 billion.
A Republican by birth, the writer argues the party may be dying as a permanent minority. He critiques the administration's Vietnam War policies, media candor, and domestic issues, calling for candor and criticizing CIA actions and civil liberties in government.
An analysis of Connecticut General Assembly votes on the income tax reveals two factions: proponents who would always back the tax and opponents who would never accept it. A large cautious middle split votes, shifting over time. By late sessions a central bloc coalesces against the tax, though a secret ballot might show different loyalties. The piece ponders future opportunities in February.
Conservative voices discuss Nixon's August 18 TV address as a shock tactic to jolting labor and finance markets. They label the move as a crisis response aimed at signaling force across international finance and domestic policy. Critics question timing, messaging, and the admin’s promises on price and wage controls.
Fragmentary note discusses how a pellet affects people and friendships, with unclear context and missing key details. The text suggests hidden factors influencing trust and harmony but provides no concrete facts, dates, or named entities. Further readable material needed to identify subjects, places, or outcomes.
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