Gasoline Prices Seen Rising by July Fourth
Chicago AP analysis warns motorists may face 3 to 5 cent gallon hikes by July 4 as shortages emerge first on the East and West Coasts. Hugo of Platts Oilgram cites refinery cutbacks and strict FEA rules, with OPEC unlikely to trigger another embargo. Rep Ullman weighs a return of a 3 cent gas tax proposal depending on Ford's stance.
MENTIONED IN THIS ARTICLE
Chicago
Herbert Hugo
Platt
Oilgram
Hugo
Midwest
Federal Energy Administration
Organization of Petroleum Exporting Countries
OPEC
al Ullman
Ullman
Ways and Means
Ford
House
Iowa lawmakers eye tax reform break in compromise plan
Des Moines lawmakers move toward a tax reform compromise aimed at ending the session long impasse. House and Senate leaders studied a plan by Rep. Lowell Norland to create separate tax schedules and raise standard deductions for single and joint filers while increasing rates for higher incomes. The proposal mirrors a Senate plan and intends to clear adjournment by Thursday.
MENTIONED IN THIS ARTICLE
Des Moines
UPI
Senate
House
Ways and Means
Rep
Lowell Norland
D-Kennsett
Norman Rodgers
D-Adel
Senate Ways and Means Committee
Adel Democrat
Norland
Volga Lake appropriation is cut from 1975 budget bill
Iowa lawmakers tentatively remove a $1 million Volga Lake project allocation from the final large spending bill as conferences weigh changes. The bill shows a $6.7 million gap between house and senate versions for state capital improvements, with total 1975–76 spending estimated around $1.08 billion, below Gov. Ray’s request.
MENTIONED IN THIS ARTICLE
ORS
Volga Lake
Fayette County
Iowa
Keith Dunton
Thornburg
House Appropriations Committee
House
Senate
Gerry Rankin
Robert Ray
Chuckle at Machines That Do Everything But Think
A playful note on new computers that perform many tasks yet lack human thinking, illustrating how advanced automation approaches human-like capability but remains distinctly nonhuman.
Transportation Chief Pushes Rock Island Merger Plan
Oklahoma City AP report quotes William Coleman the new transportation secretary advocating consolidation of the financially troubled Rock Island railroad. He argues a quick merger could avoid service loss and benefit shareholders, with no need for large federal funds, while acknowledging legislative hurdles and high estimated repair costs.
MENTIONED IN THIS ARTICLE
Oklahoma City
Willian Coleman
Daly
Rock Island
Coleman
Daily
Oklahoman
Omaha
Chicago
Midwest
White House Warns of Nationwide Rail Strike
The Ford administration vows every effort to prevent a rail strike as talks with the Brotherhood of Railway and Airline Clerks fail. With legal delays exhausted, only new congressional emergency legislation could block a shutdown, while union leaders blame management for the deadlock.
MENTIONED IN THIS ARTICLE
Washington
Ford
Congress
C.L. Dennis
Dennis
Sud
Farm Bill Limits Expansion in Iowa Senate Vote 41 to 8
The Iowa Senate approved a compromise plan to curb corporate farm ownership and require annual reporting, sending the bill to the governor. It would bar beef or pork processors from owning feedlots, pause nonfamily corporations’ expansion for a year, and mandate reports from corporations, LPs, and nonresident farm owners. Some senators questioned cost and constitutionality, while supporters argued it is a step toward transparency.
MENTIONED IN THIS ARTICLE
Des Moines
Senate
House-Senate
Heying
House
Secretary of State
Roger Shaff
R-Camanche
Elizabeth Miller
Marshalltown
Second Teenager Dead After Racing Accidents
A second Cedar Rapids teen died from injuries after Sunday night Hawkeye Downs racing accidents. Robert Temple aged 14 died Wednesday from multiple injuries after being struck by fence debris. he had been treated at Cedar Rapids and University of Iowa City hospitals. Shawn Dally aged 16 died Tuesday from a skull fracture after a car left the track and went through a fence. Temple had lived in Cedar Rapids a year and attended LinnMar school. services are set for Saturday at Chapel of Memories St. Pius church with burial at Cedar Memorial.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Hawkeye Downs
Robert Temple
Counstreet
Joosa
University Hospitals
Iowa City
Shawn Dally
Eighth Street
Town City
Temple
First Quarter Profits Fall Across 12 000 Firms
FTC reports a sharp drop in after tax profits for manufacturers and other sectors in Q1 1975. Total after tax profits for more than 12,000 U S corporations fell by about 4.1 billion dollars to 9.3 billion.
MENTIONED IN THIS ARTICLE
Washington
Federal Trade Commission
FIC
FTC
Also Mentioned on This Page
Fred Beckman
Bever Avenue
Bever Park
Paul
Ruth
Red Fox Road
Today's Index
Rock Island Merger
Nicholas Manos
Suleman
White House
Union Maay
Penn Central
W.J. Usery
Federal Mediation Service
Usery
Hilarius Heying
B-West Union
Bass van Gilst
Eying
Own 4 Corporation
West Union
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