U S Opens Bidding on Gold Stores
The government began bidding on 200 million ounces of gold to curb imports. Early offers ranged from 45.10 to 188 dollars per ounce for 400-ounce bars, with bidders including Anstein & Paul, Vito De Maring, and Leslie Ellinson.
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Washington
Anstein & Paul
New York
Hey
Vito de Maring
San Diego
Calif
Leslie Ellinson
Wayne
N.J
George Jamieson
Jamieson
U.S
London
Zurich
Lawmakers Push for Congress CIA Probe
Congressional leaders push ahead with investigations into CIA domestic activity despite President Ford naming an eight member commission led by Vice President Rockefeller. The panel will report in 90 days and officials say findings will be public.
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Baker
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Brezhnev leukemia claim sparks widespread doubt
Soviet leader Leonid Brezhnev is said to suffer from leukemia and canceled a trip to Egypt due to the disease. The Chicago Sun-Times, via columnist Charles Bartlett, cites unnamed confirmation but Soviets offer no comment. The report comes as U S lawmakers discuss CIA oversight and a presidential commission on intelligence unfolds.
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Chicago
Leonid Brezhnev
Egypt
Chicago Sun-Times
Charles Bartlett
Brezhnev
Moscow
Bridge Toppled in Hobart Killing at Least 10
A British ore freighter rammed the Tasman bridge in Hobart Tasmania sending a 240 foot section into the Derwent River. Officials fear 10 may be dead with five of 42 crew recovered and two missing. The four lane bridge linked Hobart’s business district to residential east side. The ship Lake Lawarra stayed afloat about 14 minutes and 36 crewmen escaped. Survivors include the captain and chief engineer.
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Tasmania
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Derwent
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Lawarra
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Maurice Allan
Drug pricing study cites anti trust concerns in antibiotics
A New York study by Economics Priorities and The Council finds that competition among drug firms costs consumers at least 180 million annually for expensive antibiotics. Five of seven drugs studied were the highest priced yet most sold, blamed on patents, brand-name imprinting, and prescribing rules.
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Lord Nelson
Wis
Congress
New York
Lirard
Corsummers
Wie Gueneil Oo
Council
Sunadtug
First Rocket Attacks on Saigon in Three Years
Communist gunners fired rockets at suburban Saigon marking the capital’s first shelling in over three years. Four civilians were killed and twenty homes destroyed as rockets hit Phu Lam, the main military communications relay, while six hit nearby civilian areas. Phuoc Binh province faced a separate ground assault as defenders held out with limited supplies and continued contact with Saigon command.
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Saigon
UPI
Phuoc Binh
Phu Lam
South Vietnam
Wardorn Phan Binh
Valles
Aronmuar
Boston Mayor Proposes Citizen Panel on Desegregation Plan
Mayor Kevin White called for appointing a representative citizen group to participate in planning and implementing a school desegregation plan. He asked Judge Arthur Garrity to appoint a monitor with full powers to report facts and resolve jurisdictional disputes quickly. White cited a pledge from Gov. Dukakis that the state will fund desegregation efforts and urged Gov. Dukakis to deploy National Guard troops to ensure public safety amid tensions over busing.
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Kevin White
White
Dudge Arthur Garrity
Contee
Michael Dokuhis
Dukakis
William Leary
Roxbury High
South Boston High
Leary
Jdhnol
Garrity
Greenspan cautions slow recovery in 1975 economy
Washington Americans face a sluggish path out of recession as Alan Greenspan testifies before Congress. He warns against overoptimism for a mid 1975 bottom and a rapid upturn, predicting only modest gains and unemployment staying high. He notes potential boosts from tax cuts and deficit spending but expects little relief this year.
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Ford
Alan Greenspan
Council of Economic Advisers
Congrese
Joint Economic Committee
Greenspan
Auto slump deepens as 1975 production begins
Detroit reports 14 plants closed and 140,000 workers on long-term layoff as December domestic car sales fall 25 percent from a year earlier and 40 percent from 1972. Full-year 1974 output hits 7.46 million, the lowest since 1970 strike impact. imports also seen hurt with forecast under 1.4 million.
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Detroit
U.S
General Motors
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