Orbiting OSO 8 probes black hole mystery from space aim
Cape Canaveral reports the Orbiting Solar Observatory 8 is transmitting data after launch to study black holes and solar activity. OSO 8, a drum shaped $58 million satellite with an eight foot sail, will operate for three years and cost $169 million for the solar research program.
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Cape Canaveral
Fla
UPI
Earth
National Aeronautics and Space Administration
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OSO
Recession Over Says Greenspan. Unemployment Easing Under Way
President adviser Alan Greenspan predicts unemployment will fall gradually after the summer with rates around 8.5 percent by January and 7.5 percent by year end 1976. He cautions against deficits and money supply expansion, while Friedrich von Hayek cautions a possible temporary unemployment rise to reset inflation.
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Washington
UPI
Alan Greenspan
Council of Economic Advisers
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Cbs-Tv
Face the Nation
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Tax reform hearings target capital gains and withholding policy
The House Ways and Means Committee begins hearings on a broad tax reform plan aimed at permanent changes since 1969. Topics include capital investment tax breaks, capital gains, and whether 1975 withholding rates continue into 1976 while Treasury Secretary Simon outlines proposals.
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Washington
Treasury
William Simon
Neodesha man jailed in Wilson County shooting case
Neodesha resident Darrell Williams Jr. was taken into custody at the Wilson County jail after a week old shooting incident. Sheriff Hubert Harris said Williams shot out tires and windows of Bill Taylor’s Neodesha truck and of a car owned by his estranged wife.
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Darrell Williams Jr
Neodesha
Wilson County
Hubert Harris
Williams
Bill Taylor
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