Unemployment Falls as Prices Rise in December
The government reported unemployment declined from 8.1 to 7.9 percent last month, while wholesale prices jumped 0.9 percent led by food costs for coffee pork and poultry. Industrial prices eased with natural gas costs easing after months of increases. Total employment rose as the jobless total fell by 210000 to 7.6 million, signaling a cautious economic revival amid President elect Carter's tax cut and job creation proposals.
MENTIONED IN THIS ARTICLE
Washington
Carter
Labor Department
Unemployment Edges Down for Men and Teens in Latest Report
The reported unemployment rate stands at 7.9 percent with declines for men over 20 from 6.5 to 6.2 percent and for teens from 19 to 18.9 percent. White joblessness eased to 7.1 percent while minorities held at 13.6 percent. Discouraged workers rose by 200000 to about one million in Q4. part time workers dropped 200000 to 3.4 million. average workweek rose to 36.3 hours and earnings edged up to 5.01 dollars hourly, lifting weekly earnings to 182.36 dollars.
Wholesale prices rise again feeding inflation concerns
The 0.9 percent seasonally adjusted December rise marks the fourth straight monthly increase and matches September's rate. The Wholesale Price Index sits at 187.1, up 4.7 percent year over year, with farm prices up 2.7 percent and roasted coffee up 11.5 percent, while industrial prices gain only 0.3 percent.
Zaire Volcano Eruption Reported. Death Toll Dubious
Brussels reports confirm Nyragongo volcano in eastern Zaire erupted on Monday. Kinshasa radio cited by diplomats claimed about 2000 deaths, but the Zaire government denies any fatalities.
MENTIONED IN THIS ARTICLE
Brussels
Belgium
Nyragongo
Zaire
Kinshasa
Levi resignation accepted. Griffin Bell named attorney general
Atty. Gen. Edward Levi will resign effective January 20. President Ford accepted the resignation and President-elect Carter chose Atlanta lawyer Griffin Bell as his attorney general pick.
MENTIONED IN THIS ARTICLE
Washington
Edward Levi
Ford
Jimmy Carter
Atlanta
Griffin Bell
France sells 200 Mirage F-1 fighters to Egypt
Paris reports France will deliver 200 Mirage F-1 bombers to Egypt with shipments to begin before year-end. The deal cited as a factor in the government’s decision to free Abu Daoud, the Palestinian suspected mastermind of the 1972 Munich massacre.
MENTIONED IN THIS ARTICLE
Paris
France
Egypt
Abu Daoud
Daoud
IMF approves $36 million loan to Vietnam war relief
Washington officials describe the IMF decision to lend Vietnam 36 million dollars for relief as eligibility standard for fund facilities. Details appear on page 11B.
MENTIONED IN THIS ARTICLE
Washington
International Monetary Fund
Vietnam
Supreme Court rules tax agents need warrants to search private offices
The Supreme Court unanimously holds Internal Revenue agents cannot search a taxpayer’s private office without a warrant to seize property for income tax assessments. details on page 60. The rest notes a cold forecast and a humorous movie gag about Jumping Shark and Nessie.
MENTIONED IN THIS ARTICLE
Washington
UPI
Supreme Court
Internal Revenue
Bell to Replace Kelley as FBI Director
Atty Gen-designate Griffin Bell said Clarence Kelley will be replaced as FBI director soon. Bell told the Senate Judiciary Committee he is seeking a new FBI head while vetting Justice Department candidates. He acknowledged involvement with anti segregation bills in Georgia but said he acted as a moderating force during the 1950s crisis.
MENTIONED IN THIS ARTICLE
Washington
Atty
Griffin Bell
Clarence Kelley
Federal Bureau of Investigation
Senate Judiciary Committee
Bell
FBI
Justice Department
Ernest Vandiver
Georgia
Vandiver
Supreme Court
Sen
Charles Mathias
R-Md
Ford Defense Plea In State of Union
President Ford previews his final State of the Union urging Carter to cut the defense budget after a sober look at Soviet buildup. He defends his tenure, cites foreign policy gains, and hints at future proposals like tax cuts and energy reform for congressional action.
MENTIONED IN THIS ARTICLE
Ford
State of Union
Washington
Jimmy Carter
Congress
New York Times
Soviet Union
White House
Carter
House Coffee Fund Aims To Head Off Brew Shortage
Des Moines report says Iowa House members drank 1300 cups in two days. State Rep. James Wells proposes a $5 coffee fund to raise up to $500 to support a coffee service in the lounge and on three 84 cup makers. Wells notes lobbyists in the senate contribute similarly. It was unclear if funds were raised.
MENTIONED IN THIS ARTICLE
James Wells
Cedar Rapids
Wells
Chamber
House Chamber
Senate
Insurance firms exempt from Iowa anti trust law say official
The St Paul Companies exempt from the new Iowa anti trust law, as reviewed by an assistant attorney general for a state regulator. Gary Swanson, head of the Iowa antitrust division, said agriculture cooperatives labor unions and regulated businesses are excluded. State Sen James Redmond pressed for details.
MENTIONED IN THIS ARTICLE
St. Paul
Iowa
the Gazette
Gary Swanson
James Redmond
Cedar Rapids
Swanson
Smith
U.S Justice Department
Redmond
Attorney General
Insurance
U.S. Justice Department
Exempt From Antitrust Laws Probed In Iowa Case
The St Pauls hospital malpractice business faces antitrust scrutiny as Iowa investigators tentative that the firm overcharged hospitals for malpractice insurance from November 1975 to June 10, 1976. Redmond seeks federal antitrust review and congressional pressure to examine marketing practices.
MENTIONED IN THIS ARTICLE
St. Paul's Hospital
Iowa Insurance Department
Iowa
Redmond
St. Paul’s
Neal
Also Mentioned on This Page
Gazette
Levi
Mirages
IRS
Marion
Polk Elementary School
Kelley
Treasury
United States
Israel
W. Michael Blumenthal
Senate Finance Committee
Clifford Hansen
R-Wyo
U.S
Blumenthal
Blind Stock Trust
Bendix Corp
Bendix
Philip Shabecoff
New York Times Service
House
Des Moines
Towa
Insurers
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