Price Rise Slows to 0.7 Percent in December
The Bureau of Labor Statistics reports consumer prices up 0.7 percent in December 1974, the smallest monthly gain since April, while the year end CPI shows a 12.2 percent rise for 1974 the largest since World War I. Food costs led the rise with notable increases in nonfood commodities, and earnings rose for the first time in six months though real spendable income still fell. The Fed cut bank reserve requirements freeing about 1.7 billion dollars in money.
MENTIONED IN THIS ARTICLE
Washington
Bureau of Labor Statistics
BLS
Federal Reserve Boaid
Fed
Action Wold
Robert Seamann
New Energy Research and Development Administration
Albert Replies on Taxes and Energy in Washington
Democratic leaders led by Speaker Albert criticize Ford's tax relief and energy plans. They warn a 12 percent rebate would disproportionately favor the rich while energy taxes could raise prices on gasoline heating oil electricity and food. They argue for targeted tax cuts and caution against inflation and harming the poor and elderly.
MENTIONED IN THIS ARTICLE
Washington
Congressional Democrats
Carl Alburt
Albert
Ford
Congress
Bat
House
Foru
Senate GOP leader hints CIA budget size will be disclosed
Senate Republican Leader Scot Cranston says indications point to the CIA soon revealing its annual budget. He and Sen. Mansfield call for a bipartisan Watergate style panel to probe intelligence spending, arguing current figures are hidden from the public and Congress.
MENTIONED IN THIS ARTICLE
Washington
Senate
Scot
Central Intelligence Agency
Sen. Cransinn
Pcalif
Iran
Scott
CIA
U.S
Cranston
Senate Democratic Caucus
CLA
Senate Democrativ
Mansfield
Sealt
Win
Amhiag Bs
Sen. Proximire
Wis
Victor Marchetti
Congress
House
Senate Appropriations Committee
Robinson Opposes Action on Iowa Bargaining Law
DES MOINES API Senator Cloyd Robinson says no action will be taken to amend Iowa's new collective bargaining law before it takes effect July 1. He prefers to observe its operation for a year and avoid prolonging the session with changes.
MENTIONED IN THIS ARTICLE
Des Moines
API
Senate Labor and Industrial Relations Committee
Lowa
Cloyd Robinson
Dgedar Rapids
Ranids Democrat
Umon
Chuckle on a Painful Path to Short-Term Relief
A lighthearted note jokes about avoiding traditional care as a simpler route to quick comfort. The playful line suggests a painless method for a couple days, downplaying medical attention.
Kelley Defends FBI Files on Lawmakers
FBI Director Clarence Kelley acknowledges files on members of Congress containing unverified tips but denies misuse. House subcommittee Chair Don Edwards says Kelley denied such files existed last year and plans hearings with Kelley and Attorney General Saxbe.
MENTIONED IN THIS ARTICLE
Kelley
FBI
Washington
Clarence Kelley
Congress
Don Edwards
D-Calif
House
Edwards
Saxbe
Rawarde
PBI
FHI
Bovernacht
House Judiciary Committee
Informa
Hoover
Montreal Nightclub Fire Kills 13 in Gangland feud
Police say 13 people found dead in a six by six foot beer closet after a nightclub fire linked to an underworld feud. Victims include Rejean Fortin 44, club manager, and his wife Claire. Fire described as arson by police with possible revenge motive.
MENTIONED IN THIS ARTICLE
Montreal
Thirteven
Descr
Gargantua Club
Rejean Fortin
Claire
Gas Supply Labeled Adequate Amid Shortage Fears
An Associated Press review says natural gas supply is adequate for residential use but shortages loom for businesses with supply contracts. The American Gas Association notes two thirds of Americans heat homes with gas, with average bills around 158 dollars in 1975. President Ford proposes tax and price changes to energy, likely lifting fuel costs.
MENTIONED IN THIS ARTICLE
Associated Press
Heather Homen
Naturel Gas Wal
Ford
Wtilition
American Gas Assa
Federal Power Commission
Rassello
Ford announces oil tariff plan and energy push this week
President Ford says he will sign a proclamation this week imposing a sliding tariff on imported foreign crude oil up to 39 dollars per barrel as part of his tarmis plan. He urges quick congressional action on economic and energy proposals while warning against gasoline rationing and predicting a late summer economy turnaround.
MENTIONED IN THIS ARTICLE
Washington
Ford
Congress
Mid-East
Israel
Itx
U.S
White House
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Fihoto
Taud Macey
Frederick Kierman
Wheat Ridge
Colo
Oxford
Alsuaid
Tom
Colby
Richard Helms
Senate Armed Services Committee
Pentagon
Robinson
Agai
J. Képar Hoover
Pape
Jean Gauthier
FPC Action
Soviet Union
South Vietnam
Today's Index
Notch Sey
Haine Editorial Featurin4 Farm
MW Financial
WF Marton
WF Want Adam
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