Burns Opposes Tax Cut Amid Slow Growth
Federal Reserve Chairman Arthur Burns urged against an immediate tax cut citing a slowdown in the economy and a 1.8 percent growth rate in the fall quarter. President-elect Carter said he would consider a tax reduction if the economy remains sluggish, while Burns warned against policy actions that could fuel inflation.
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Noise cutting jetliners plan unveiled by administration
Washington details a 5 to 8 billion dollar program to cut jetliner noise by 20 percent near term and further reductions over eight years. The plan includes modifying or replacing older jets and altering flight paths around airports.
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Northeast Electricity Thefts Rise in New England
Northeast utilities report a surge in electricity theft as meters are tampered or bypassed. Three New England subsidiaries logged 405 suspected cases in 1975, billing 277 customers for 41,457 dollars. by September, 1,624 cases with 686 billed totaling 130,588 dollars. Utilities warn ratepayers, noting losses near half a million yearly per company and potential to reach ten million.
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Jeans Prices Rise As Denim Costs Surge In Bristol
In Bristol England on Wednesday a local maker showcased an oversized pair of jeans with an inflation of 120 feet for Levis of Halland. The display highlights how rising costs hit the denim trade across the industry.
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Carter delays cabinet names as transition nears
Plains Georgia AP President elect Tamay Cactec will not name cabinet members before December. Spokesmen said it would be premature to speculate on nominees while Carter plans meetins with Burns and congressional leaders. Powell noted possible staff changes and also discussed finances divestment, while Brown eyed a staff role.
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Mass murder shocks Billings family home
Four members of Thomas Tillotson’s family were slain in an execution style at their Billings residence last Thursday. Police found Teri Tillotson, 23, Stacy Roods, 5, Montana Tillotson, 2, and Thomas Tillotson, 27, all shot. Authorities ruled the deaths homicides after six hours with no sign of struggle. A $10,000 reward was offered for information leading to arrests as investigators probe a reported drug-trafficking scene and a possible motive.
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Woman mugged at First Avenue NE loses purse
Irene McIntosh, 74, says a white youth about 17 snatched her purse in the 1800 block of First Avenue NE after she was knocked down. He fled with money and change, but the purse was recovered later the same day.
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