Trade Surplus Sets Record as Oil Imports Fall
US trade data show a June record monthly surplus exceeding 1.7 billion dollars as oil imports drop 26 percent from May to 118.2 million barrels. Exports rose 6.7 percent led by motor vehicles and aircraft, while imports fell 2 percent, boosting the six month total to over 5.4 billion in surplus.
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United States
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Medicare Rules Cut Drug Costs Under Weighing Plan
HEW Secretary Caspar Weinberger approves Maximum Allowable Costs to curb Medicare and Medicaid drug spending by paying the lowest price for generics. The move aims to save federal and state governments about 60 to 75 million dollars annually and broadens benefit to private patients as doctors weigh cheaper brands. About a quarter of top prescribed drugs have multiple suppliers, but identical efficacy is proven for far fewer. The program could cover about a dozen best sellers in its first year. Physicians will only note that a more expensive drug is necessary, not certify it.
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Health, Education and Welfare
Caspar Weinberger
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Index on Punctuality for Appointments Boosts Personal Time
The piece highlights how timely scheduling improves daily efficiency and increases personal time. It notes practical tips for managing appointments and emphasizes the value of staying on time for services. The article mentions organizations promoting punctuality in public services and workplace settings.
Ford to Visit Poland for U S Polish Ties
President Ford arrived in Warsaw for a two day official visit to Poland to meet with East European Communist leaders including Edward Photo on Picture Page and Prime Minister Piotr Jaroszewicz. He expressed confidence that U.S Polish relations can be strengthened and contribute to lasting peace.
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Ford
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Tie Fist
The Americanization of Helmut Schmidt visit in Bonn
President Ford mispronounced Chancellor Helmut Schmidt’s name during a Bonn visit as Chancellor Sith and spoke with Schmidt about integrating Western economies with the United States. The trip included talks with Kissinger and Dietrich and a symbolic troop visit at a rock outpost.
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Juenger Sentenced Two Years For Counterfeit Ring
Cedar Rapids resident Michael Juenger, 22, received a two year sentence after pleading guilty to possession of fake $20 bills in a $3.2 million counterfeiting ring cracked by federal agents. Co-defendant Harold Wellington Rapp, 47, organizer of the operation, was sentenced to 15 years. Juenger’s term was delayed for a mental evaluation.
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Cedar Rapids
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Edward J. Mehlanus
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Guil
Council predicts modest price rise in 1975 and optimism for 1976
The Council on Wage and Price Stability reports U S consumer prices may rise about 0.8 percent in 1975, with 6 percent CPI growth in Q1 and a recovery in H2 not sparking faster inflation. Optimism for 1976 cites productivity gains and unused capacity, though some West Coast construction settlements prompt caution.
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Council On
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ConRail Planurf: USRA Proposes 15000-Mile Northeastern Rail Merge
The USRA proposes a government aided consolidation of seven financially ailing Northeastern railroads into a 15 000 mile ConRail system. Estimated aid ranges from 1.88 to 2.5 billion with a profitable system expected by 1979. The plan includes an all passenger NYC to Washington line and upgrades across 16 routes.
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Kennedy Considered Candidacy Amid Family Pressure
House leader Thomas O Neill says Senator Edward Kennedy appears to want the presidency, though Kennedy says he has not changed his mind. Family pressure is cited as delaying a formal decision, with discussions including Mrs Kennedy and Kennedy’s sister noting the senator must decide for himself.
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Senate probes CIA counterfeiting Vietnam era
A Senate subcommittee has yet to substantiate claims that the CIA counterfeited U S money to fund Vietnam operations. The inquiry remains preliminary with the panel seeking evidence from the CIA while noting many leads are checked or dropped. The Detroit Free Press reported the probe also considers whether counterfeit notes reached organized crime via a former serviceman now in a California prison.
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Astronauts Enter 10 Day Isolation After Exposure
Three Apollo crew members Thomas Stafford Donald Slayton and Vance Brand after inhaling rocket fuel fumes remain in hospital in Hawaii for a ten day isolation to prevent infection The doctors will move Lem to gemi isolation and wives will join from Houston while ongoing treatment continues at Tripler Army Hospital. Doctors caution lingering cough and possible reduced recovery optimism but foresee positive outcome with continued care.
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