Subsidized 5 Percent Mortgages Aimed at Medium Income Families
Washington HUD Secretary Carla Hills announced a new long term policy to subsidize 5 percent mortgages for medium income families earning 9,000 to 11,000 dollars yearly. The plan, based on Section 235, targets 250,000 new or renovated houses and could boost construction and reduce unemployment among builders.
MENTIONED IN THIS ARTICLE
Washington
UPI
Carla Hills
Hills
Nixon
Teachers' Head Relents Improves NYC Bailout Chance
New York's immediate financial crisis eased as the teachers union president reversed course and urged the union to commit 150 million dollars from its retirement fund to help bail out the city. The move followed a period of stiff resistance and heightened tension over school funding.
MENTIONED IN THIS ARTICLE
New York
Teachers’ Union
Beame Cancels Optimist Award Amid New York City Default Crisis
Mayor Abraham Beame calls off a Friday Optimist Club award ceremony as New York City teeters on default. The city seeks a multimillion dollar teachers union backed package to cover a 453 million dollar short term debt due this afternoon and avoid insolvency. Federal aid remains opposed by President Ford and his advisers, while Shanker negotiates with city officials and Governor Carey to salvage the plan.
MENTIONED IN THIS ARTICLE
New York
Abraham Beame
Optimist’s Club
Ford
Washington
New York City
Ron Nelsen
Teachers’ Union
Shanker
Hugh Carey
Union Leader Shanker Reverses on Debt Aid Recommendation
Albert Shanker, president of the union, recommended a plan for a billion dollars in debts due at mid afternoon. His stance was expected to be approved by fellow union officials after Ford again rebuffed the city’s appeals for federal aid. Shanker said he changed his mind.
MENTIONED IN THIS ARTICLE
Albert Shanker
Ford
Shanker
Gas Limit Easing Sought by C R Iowa Illinois Gas
Iowa-Illinois Gas and Electric Co seeks Iowa Commerce Commission approval to raise its Cedar Rapids connect limit from 350 000 BTU per hour to 3 000 cubic feet per hour effective Nov 17 The move aims to serve residential and small commercial needs while expanding storage capacity Whitmore cautions that federal gas allocation could tighten supplies and urges energy conservation even as demand grows The change would also apply to Iowa City Ottumwa and Quad Cities districts
MENTIONED IN THIS ARTICLE
Iowa-Illinois Gas and Electric Co
Iowa Commerce Commission
Cedar Rapids
Charles H. Whitmore
Whitmore
Patty Hearst Joined SLA Sex Life, Reports Say
The Los Angeles Times cites SLA documents describing Patty Hearst's rapid participation in the group's sexual practices after abduction. It notes initial doubts about consent, later framing her as an inspiration, with rules against monogamy and collective relationships.
MENTIONED IN THIS ARTICLE
Los Angeles
UPI
Symbionese Liberation Army
Patty Hearst
Los Angeles Times
Tania
SLA
the Times
San Francisco
William
Emily Harris
Miss Hearst
FBI
Welfare and industry rise in mixed 1975 outlook
Washington reports 1.9 percent September boost in industrial output marking five straight gains and a 5.7 percent rise from the April recession low. Welfare expenditures jump 20 percent to 22.5 billion with AFDC beneficiaries averaging 11.1 million. Treasury chief Simon warns of possible cross‑cutting budget reductions next year affecting the poor and elderly.
MENTIONED IN THIS ARTICLE
Washington
Department of Health, Education and Welfare
Treasury
William Simon
Defense
Linn County Seeks Void Void State Equalization Order
Linn county officials filed a petition in Linn district court to void the state ordered equalization of property values. The suit argues the law is unconstitutional and denies proper notice and judicial review. The filing targets the Iowa Department of Revenue and director Gerald Bair, who ordered big increases in agricultural and residential valuations.
MENTIONED IN THIS ARTICLE
Linn
Linn District Court
Board of Supervisors
Merle Kopel
Forrest Holveck
Kopel
Holveck
Iown Department of Revenue
Gerald Bair
Bair
Cedar Rapids
Speeding and Drinking Drivers Are Targets
Iowa safety officials announce a two pronged crackdown on speeding and drunk driving. The Highway Patrol will deploy 136 new portable radar units, total cost 447 dollars each, funded federally. Units will serve 14 unmarked and regular patrol cars, expanding coverage as troopers target drinking drivers and speeders.
MENTIONED IN THIS ARTICLE
Des Moines
IDPA
Highway Patrol
E.J. Dickinson
Dickinson
Des Moines Post
Iowa
Charles Larson
Federal workers face 35 percent hike in Blue Cross plan
Blue Cross Blue Shield says premiums for about 5.9 to 6 million federal workers and dependents will rise about 35 percent effective Jan 1. An average family premium jumps from 154 to 208 dollars per year as costs and malpractice fears push up hospital and physician services.
MENTIONED IN THIS ARTICLE
Washington
Blue Cross
Blue Shield
J. S. Nagelschmidt
Blue Cross-Blue Shield
Federal Treasury
Nagelschmidt
Civil Service Commission
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Richard Burton
Elizabeth Taylor
South Africa
Kruger Game Park
Federal Reserve Board
Commerce Department
James Pate
GNP
Pate
HEW
John Svahn
AFDC
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U.S
Marion Il