December Price Index Jumps 5 Percent
Prices surged in December marking the highest inflation in 27 years as energy costs and food drove the 8.8 percent annual rise. Real spendable earnings fell 0.1 percent in December and wages face pressure amid ongoing inflation.
MENTIONED IN THIS ARTICLE
Washington
Bureau of Labor Statistics
Bureau
Aficio
George Meany
Nixon says Nixon not involved in tape erasure claim
Vice President Ford quoted Nixon as saying he did not participate in erasing an 18 minute portion of a subpoenaed White House tape. Ford said Nixon told him the president was not involved, and noted a coordinated effort by certain organs.
MENTIONED IN THIS ARTICLE
Ford
Nixon
White House
H. R. Haldeman
John Dean
Congress
House Judiciary Committee
Mississippi River bridge girders under review delay risk
A 49 ton 115 foot girder from a Milwaukee derailment may delay the Marquette Prairie du Chien bridge project up to 12 months if deemed unusable by state engineers. inspections will continue to determine damage while the load limit remains in effect and the structure is periodically closed for wind or safety checks.
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McGregor
Mississippi River
Marquette
Prairie du Chien
Iowa
Wisconsin State Highway Department
Milwaukee Railroad
Dubuque
Wisconsin Highway Commission
Wisconsin
Nixon intends to stay in office despite Watergate probe
White House spokesman Ronald Ziegler says President Nixon will not resign and plans to complete his term. He notes Nixon has no plans to quit, denies wrongdoing, and leaves impeachment to the House. He also says the erasure of a tape was not deliberate and is puzzling to all.
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Washington
UPI
Nixon
White House
Ronald Ziegler
Ziegler
House
Kissinger
National Security Council
NSC
Pentagon
Soviet Union
Middle East
Moscow
Cuba
Panama
Canal Zone
Anwar Sadat
Egypt
United
G.O.P
Senate
Goldwater
Oil Chiefs Deny Profit Bonanza
Senate hearings grilled executives from seven large oil companies about 1973 profits amid the energy crisis. Shell’s Harry Bridges denied a bonanza, noting long-term 5-year profit gains and stressing normal returns, while others cited higher global taxes and the need for adequate returns to fund exploration.
MENTIONED IN THIS ARTICLE
Senate
Senate Permanent Investigations
Subcommittee
Henry Jackson
Mulberry Bush
Labor Department
Shell Oil Co
Harry Bridges
Bridges
Shell
Jackson
James Allen
Dala
Roy A. Baze
Exxon
Kissinger Sees Oil Embargo Easing Before Disengagement
Secretary of State Kissinger said he expects the Arab oil embargo against the United States to be lifted before the Egyptian Israeli military disengagement along the Suez Canal is completed. He indicated progress in negotiations and noted no fixed date for an easing, while confirming Arab leaders’ insistence on reciprocal policy changes.
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Kissinger
United States
Suez Canal
Jackson
Sen. Abrahams
Ribicoff
U. S
Sadat
Algiers
Saudi Arabia
Kuwait
Jerusalem
Golda Meir
Israel
Egypt
Iowa Gov Seeks 4.5 Million for Energy Office
Gov. Robert Ray urged the Iowa legislature to appropriate 4.5 million to establish a state Office of Energy Management to develop fuel saving policies amid the energy and transportation crisis. He proposed creating a state department of transportation to take over OEM policies, and noted OEM would expire once the crisis ends. He also addressed truck size limits and highway wear, arguing for a cautious approach to longer or heavier trucks.
MENTIONED IN THIS ARTICLE
Des Moines
Robert Ray
Iowa
State Office of Energy Management
OEM
State Department of Transportation
House
Iowa Commerce Commission
Maurice van Nostrand
Ray
Senate
Norway postpones gasoline rationing two weeks
Oslo officials decided to delay gasoline rationing for two weeks amid an improved oil outlook. The move aims to ease supply concerns while monitoring the market.
MENTIONED IN THIS ARTICLE
Oslo
UPI
Norway
Goldwater Sees GOP Vote Drop From Watergate Poll
Senator Barry Goldwater says private polling shows Watergate will cost the GOP about 10 percent of the vote nationwide, affecting governors senators and house races and potentially aiding Democrats. He cautions Nixon may need to step aside, praising Vice President Ford as a strong successor if necessary.
MENTIONED IN THIS ARTICLE
Washington
Barry Goldwater
R-Ariz
Chuckle: Kids Drive Home On Empty Tank Joke
A light line notes that children can do one thing parents cannot, driving a car home on an empty tank, delivering a simple humor moment with a wink at teen independence.
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D-Conn
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Gulf Oil
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Gazette
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Meir
By Frank Nye
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Iowa City
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