Supreme Court backs four installment disclosure rule
The Supreme Court upheld a federal rule requiring disclosure of credit costs on purchases paid in four or more installments under the Truth in Lending Act. The decision preserves protections for consumers. impacts the $100 billion consumer credit industry and reinforces the four installment disclosure, including total price and balance due.
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Washington
Supreme Court
Federal Reserve Board
Congress
Leila Mourning
Dade County
Fla
Family Publications Service, Inc
U. S. District Court
U. S. Circuit Court
New Orleans
Navy Minesweeper Sinks After Fire in Philippine Sea
The 750 ton minesweeper Horee burned and sank in the Philippine Sea after a Monday blaze. All 65 crewmen were rescued eight hours later by the Scottish freighter Spraynes. Cmdr. Lloyd Bucher heads Mine Fleet 1's staff.
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Honolulu
Philippine Sea
Navy
Cmdr
Lloyd Bucher
Pueblo
U.S
Cedar Rapids moves to raze dilapidated Oak Hill houses
The Cedar Rapids city council launched a second effort to remove dilapidated homes. Mayor Canney wants a reactivated housing inspection team to target vacant, rundown houses in Oak Hill. First round yielded 35 removals with consent or court actions.
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Cedar Rapids
Donald Canney
Oak Hill
McCord alleges offers of clemency for silence in Watergate
James McCord testifies before a federal grand jury that he was offered money and presidential clemency in exchange for silence. The offers are said to have come via Dorothy Hunt, wife of co conspirator E. Howard Hunt, with later discussion involving two lawyers. White House officials deny any presidential offer.
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Washington
Hunt
G. Gordon Liddy
McCord
White House
Nixon
Warren
Associated Press
Jack Anderson
Dorothy
O’brien
Parkinson
Watergate
Senate
H. R. Haldeman
John Ehrlichman
South Vietnam
Saigon
Viet Cong
Chuckle: Mixed Up Ears Now Speak Aloud
A humorous quip notes that letting things pass through the ear becomes worse when mixed up and spoken aloud. The joke plays on misheard phrases and the folly of careless speech.
Cambodians Regain Ground Amid Heavy Cambodian Bombing
UPI reports Cambodian government troops, aided by heavy U S air support, recaptured portions of territory near Phnom Penh. Air raids around Takeo and Siem Reap aimed to clear paths for counterattacks as rebels sought to isolate the capital.
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Phnom Penh
UPI
U. S
Takeo
Cambodia
Siem Riep
Takhmau
Washington
State Department
U S protests North Vietnam military buildup in South Vietnam
The United States formally charged North Vietnam with illegal military buildup in South Vietnam. It cited 30 000 Communist troops moved through Laos and Cambodia since the cease fire, plus 400 tanks 300 artillery pieces and large munitions shipments. The note also accused Hanoi of terror campaigns and political obstruction.
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Washington
United States
North Vietnam
South Vietnam
Laos
Cambodia
U.S
U. S. Note
Vietnam
Demilitarized Zone
17Th Parallel
Peoples Republic of China
Soviet Union
France
Britain
Canada
Indonesia
Hungary
Poland
Saigon
Hanoi
Food cost for family jumps $49 in March
USDA data show the market basket cost rose 3.5 percent to 1458 dollars to feed a three point two person year, driven by a 6.8 percent rise in farm prices and higher beef and pork retail prices. Farmers received 648 dollars, up from 607, while middlemen rose to 810.
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Washington
U.S. Agriculture Department
USDA
Department
U.S
Agriculture Department
Boundary plan approved for southeast elementary schools
Cedar Rapids school board adopted Alternative No 9g to redraw southeast side boundaries with focus on neighborhood schools and voluntary enrollments. The plan, supported by Ernest Pence and opposed by Ronald Moore, targets Tyler and nearby schools while maintaining minority balance and offering centers for cross cultural study.
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Cedar Rapids
Washington High School
Ernest Pence
Ronald Moore
Erskine
Grant Wood
Tyler
Monroe
Johnson and Polk
Pence
Norman Lipsky
Steve Severn
Johnson
Severn
Barbara Byjornson
Tax Hike Studied to Slow Economic Boom
Washington AP President Nixon's top economic adviser Herbert Stein said the administration is studying possible tax increases to curb booming demand. He stressed a tax hike is only a possibility, not likely, and noted cutting the investment tax credit could be considered though with pros and cons. The briefing cited first quarter growth near 14 percent and inflation about 6 percent, underscoring the need to prevent demand from overheating.
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Washington
Nixon
Herbert Stein
Council of Economic Advisers
Stein
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