Senate bill would allow unlimited interest on deposits
A Senate backed plan would let banks pay unlimited interest on checking and savings accounts and override state usury limits. The measure, passed 76 to 9, would require a House Senate conference to reach a compromise and could reshape home lending by allowing higher deposits and broader mortgage funding.
MENTIONED IN THIS ARTICLE
Washington
Savings and Loan
Senate House
House
Senate
Robert Morgan
D-N.c
Savings and Loan Associations
William Proxmire
D-Wis
Jonathan Lindley
National Savings and Loan League
Federal Reserve Board
Federal Savings and Loan Associations
New York
New England
California
Home Loan Bank Board
Texas
Arkansas
Massachusetts Bans Formaldehyde Foam Insulation Sales
Massachusetts will ban sale of formaldehyde foam insulation and require manufacturers to cover removal costs. Health officials cite eye watering, headaches and breathing trouble linked to the insulation. The ban takes effect November 14.
MENTIONED IN THIS ARTICLE
Boston
Massachusetts
Alfred L. Frechette
Frechette
Five Die in Private Plane Crash Near Nashville Airport
Divers recovered five bodies after a private aircraft struck a cedar thicket and plunged into a lake near the Metropolitan Nashville Airport. Officials said three men and two women were killed. names to be released after relatives are notified.
MENTIONED IN THIS ARTICLE
Nashville, Tenn
Joel Ledbetter
State Civil Defense
Nashville
Ledbetter
FDA safety review warns peroxide best for mouth injuries
A report to the FDA states peroxide is the only substance proven safe and effective for mouth and gum injuries. It warns manufacturers may overstate pain relief claims and urges labeling changes to ban such claims and require clarification, with medical consultation advised if irritation persists.
MENTIONED IN THIS ARTICLE
Washington
Food and Drug Administration
Women Outpace Men in College Enrollment
The Department of Health, Education and Welfare reports a historic shift with 5.9 million women enrolled in colleges and universities versus 5.8 million men. This marks the first time women exceed men in higher education enrollment.
MENTIONED IN THIS ARTICLE
Washington
Department of Health, Education and Welfare
VISTA Program to Run Two More Years With Unclear Budget
Federal VISTA program extended for at least two years though budget remains unresolved. House approved about 43 million dollars per year while Senate withheld a specific figure, saying only such sums as Congress may appropriate. Final outlay to be determined later.
MENTIONED IN THIS ARTICLE
Washington
VISTA
America
House
Senate
Congress
Grounding ship collision near Galveston kills four
The Greek freighter Mimosa and the Liberian tanker Burmah Agate collided off Galveston. Four sailors died, 30 rescued with 25 injured, and a large search continued as the tanker lay submerged and the freighter burned. The Coast Guard mounted another major search amid ongoing blasts of fire.
MENTIONED IN THIS ARTICLE
Galveston
Texas
Coast Guard
Burmah Agate
Mimosa
Los Angeles police deny IRA plot against Princess Margaret
The LAPD says a reported IRA assassination plot against Princess Margaret was a miscommunication and unsubstantiated. The guard head was alerted but not informed immediately after an investigation found no basis for the threat. The Times had reported a large secret security operation during her visit.
MENTIONED IN THIS ARTICLE
Los Angeles
UPI
Los Angelees
Margaret
U.S
IRA
Louis Mountbatten
France’s Most Wanted Criminal Mesrine Killed in Paris
Police in Paris shoot dead Jacques Mesrine, long feared as France’s top criminal. A female companion, described as his mistress, is severely wounded after a car ambush near Porte de Clignancourt. Mesrine, 42, was found with two hand grenades, ending a decade of bank robberies kidnappings and prison escapes across Europe and North America.
MENTIONED IN THIS ARTICLE
Paris
UPI
France
Jacques Mesrine
North America
Europe
Mesrine
Porte de Cligancourt
Kennedy Reflects on Chappaquiddick and Campaign
Sen. Edward Kennedy speaks of daily anguish over the Chappaquiddick accident while asserting he did all he could to save Mary Jo Kopechne. He discusses campaign plans against Carter, wife Joan, and a West Virginia trip for a Jefferson-Jackson dinner as polls show strong support for his 1980 bid. The IUE endorses Kennedy, citing Carter's unfulfilled promises.
MENTIONED IN THIS ARTICLE
Washington
Edward Kennedy
Chappaquiddick
Kennedy
Mary Jo Kopechne
Miss Kopechne
Carter
Joan
Boston
John F. Kennedy
West Virginia
Charleston
Massachusetts
Tom Southwick
Electrical Workers
Jimmy Carter
International Union of Electrical, Radio and Machine Workers
Carter energy 'victories' continue in Congress
President Carter collects wins on energy aims as the House approves an Energy Mobilization Board to accelerate priority projects with waivers for laws, subject to president and Congress approval. Senate already okayed similar measure, House-Senate panel to reconcile differences.
MENTIONED IN THIS ARTICLE
Washington
Carter
Congress
House
Senate
White House
Bert
Carp
Thomas P. O’neill
Massachusetts
Also Mentioned on This Page
Donna Summer
Betty Ford
Betty Ford Cancer Center
Gerald Ford
Betty
Ms. Summer
ABC
Tom Jarrell
Carter Energy
Congressional
Senate Finance Committee
Senate Energy Committee
Wright
Rihan
Westdale
Orla Ey
Franchi Auto
Browning
Sports Outfitters
C.R. Honda
Wayne Murdock
Public Improvements Commissioner
Public Works Department
Imput
Murdock Citizens For
Pat Fitzpatrick
Russ Wiley
Litton
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