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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 29, 1976
Page
1
The government reports a 1 percent November rise in the leading indicators index, the second monthly gain, signaling improved growth ahead. Revisions show July–September declines, with unemployment at 8.1 percent in November and coincident indexes up 1.1 percent while lagging indexes fell 0.4 percent.
President elect Carter plans to keep certain subcabinet positions open as a signal of government reorganization. aides said Carter wants department heads to trim staffs and secretariats and study how to reduce personal staffs. Carter also announced a new ethics code and divestiture plans, with defense spending to be cut by 5 to 7 billion dollars in future years.
UPI reports the president of the American Meat Institute predicts beef prices will rise about 10 cents a pound while pork prices fall at least 5 cents a pound. He warns of scarce beef and very high beef prices in 1978 or 1979.
Paris reports say two associates of former deputy Foreign Minister Prince Jean de Broglie hired a police officer to kill him over an $800000 loan. Interior Minister Michel Poniatowski announced six arrests this week abroad all implicated in the case.
The Postal Service reports faster mail delivery in 1976 with average first class letter delivery at 1.53 days, down from 1.57. Local mail reached most addresses the next day 95 percent of the time, and longer routes met 92 to 90 percent delivery by day three. Postmaster General Bailor cites steady progress amid 300 million daily pieces.
Republicans swept three Democratic districts in Iowa special elections. In the 11th district senate race Steve Bisenius defeated Maurice Hennessey by 110 votes. In the 22nd district house race Nancy Shimanek beat Leonard Kula 2 473 to 1 663. In the 41st district Ashcraft defeated Michael McDonald 3 027 to 1 886. Results shift the Senate to 26 24 GOP, with implications for the 1977 78 session.
The FTC imposes a consent order on National Account Systems NAS and related firms tied to Diners Club of New York to stop harassing debtors and limits calls between 9 p.m. and 7 a.m. The action targets alleged deceptive practices including secret codes and improper access to private credit data. The order carries fines and requires stricter monitoring and employee terminations for abusive tactics.
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