Greenspan Warns of Prolonged Economic Slump Tied to Auto Industry
Greenspan tells a joint congressional committee that the nation cannot exit its slower economy quickly despite peacetime. He cites major auto layoffs and supplier cuts as central, with Detroit hit hardest while imports erode domestic output. The piece notes a shift away from overbuilt cars and toward essentials as the economy reorganizes.
MENTIONED IN THIS ARTICLE
Alan Greenspan
President’s Council of Economic Advisers
Congressional Committee
Henry Ford
Detroit
America
Germany
Japan
Italy
Britain
France
al Capp
L’i] Abner
Greenspan
Positive View From Alcoa Chief On 1975 Aluminum Growth
Alcoa chairman John Harper cites new smelter work in Anderson County near Palestine and a Rockdale Works power facility in Milam County set to double energy. He predicts lighter cars and more aluminum use, with efficiency programs boosting Palestine and Rockdale production despite a 190 layoff at Point Comfort.
MENTIONED IN THIS ARTICLE
Alcoa
John Harper
Texas
Milam County
Harper
Anderson County
Palestine
Rockdale Works
Rockdale
Briscoe Faces Hundreds of Appointments and Policy Moves
Governor Dolph Briscoe wrestles with hundreds of appointments to boards agencies and commissions as he maps early 1975 staffing. He plans to reappoint key officials and fill vacancies while coordinating offshore port policy and legal rulings shaping Texas governance.
MENTIONED IN THIS ARTICLE
Dolph Briscoe
State Senate
University of Texas System Board of Regents
Frank Erwin Jr
Austin
Jenkins Garrett
Fort Worth
Dan C. Williams
Dallas
D. C. Greer
Briscoe
Joe Christie
State Insurance Board
Superport
Bill Hobby
Texas Gulf
Texas Ifshore Terminal Commission
Old Philosopher decries oil politics and inflation fix
A reader writes that 1975 predictions vary from worse to better and jokes that a TV expert promised a plan to stop recession and curb inflation. He blames oil prices on Arab nations and notes American universities educated Arab leaders to value oil profits over other goods. He questions Washington's approach and urges Americans to study Arab farming.
MENTIONED IN THIS ARTICLE
Aks
Nedins
America
Washington
J. A
Also Mentioned on This Page
Frank M. Luecke
The
Cameron Herald
East
Cameron
Point Comfort
Avalon
Dateline Austin
State Supreme Court
Pharr-San Juan-Alamo
Galveston County
Supreme Court
White House
U.S
Lloyd Bentsen
Herald Classifieds
Cameron, Tex
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