Inflation Will Slow Recovery Says Wharton Experts
Experts at the University of Pennsylvania warn inflation will slow the economic rebound from the 1970s recession. They foresee 9 percent inflation in 1975, then 7 percent in 1976 and about 5 percent in 1977, with growth near 4 percent through 1976 and real output back to 1973 levels by late 1977. They cite oil price shifts, grain harvests, and external shocks as key drivers.
MENTIONED IN THIS ARTICLE
Philadelphia
University of Pennsylvania
Wharton Econometric
United States
Organization of Petroleum Exporting Countries
Texas Limits Gas Sales Out of State
Texas moves to curb out of state natural gas sales after aApril legislature passed a law to meet Texas needs first. Governor Briscoe touts it as a timely message to non energy producing states. Sherman Hunt accuses Northern lawmakers of causing shortages and favors selling gas in Texas before export.
MENTIONED IN THIS ARTICLE
Dallas
UPS
Texas
Dolph Briscoe
Sherman Hunt
Texas Mid-Continent Oil and Gas Assn
Washington
Hunt
Michigan
Peoples Natural Gas to Build LNG Plant Near Ventura Iowa
Peoples Natural Gas and Northern Natural Gas announce a new LNG plant and storage facility on 170 acres near Ventura Iowa. Completion planned by 1978 pending state and federal approvals. 18.9 million gallon tank stores 1.5 billion cubic feet. liquefaction runs April to October to serve Iowa Nebraska and Minnesota.
MENTIONED IN THIS ARTICLE
Omaha
Neb
Peoples Natural Gas
Northern Natural Gas Co
Ventura
Iowa
Northern
Peoples
Nebraska
Minnesota
Hancock County
Federal Power Commission
Paris Report on American Resolve in London Dispatch
Paris dispatch from September 11 quotes Caron De Beaumarchais reporting that American colonists remain ready to sacrifice all to maintain rights and that Britain is forecast to lose the colonies because geography favors the rebels.
MENTIONED IN THIS ARTICLE
Paris
Caron de Beaumarchais
London
Britain
Record Holder Wins Pic a Thon in Los Angeles
Steve Anderson, 23, set a world record by playing guitar continuously for 114 hours and 17 minutes to win the endurance Pic-a-Thon at a local music store. Fifty seven entrants competed, with Dennis Blakey of St Petersburg, Florida, the previous holder at 110 hours 15 minutes, dropping out at 90 hours. Anderson earned $2,000 in sound equipment. contestants received a five minute break each hour.
MENTIONED IN THIS ARTICLE
Los Angeles
Steve Anderson
Anderson
Dennis Blakey
St. Pe
Tersburg
Fla
Also Mentioned on This Page
Vance Leathe
PAGA
Bornix
RCA
Wakefield
Castleton Model
Wsewl
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