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Corry Evening Journal in Corry, Pennsylvania

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Newspaper

Corry Evening Journal

Location

Corry, Pennsylvania, United States of America

Date

Dec 08, 1970

Page

2

Campus Riots and SST Vote Split Mark Senate Session

A college campus unrest piece argues rioters must face local law while detailing a Pennsylvania State University case where 17 students challenge campus discipline. The second item reports a 11 vote Senate decision on the supersonic transport program with key votes influenced by regional politics and industry pressure.

Pennsylvania State University Eric Walker Thomas Miller Washington Senate SST

Senate conference fight over bank holding bill rages on

Three Senators John Tower Wallace Bennett and John Sparkman battle Wright Patman over a bank holding company bill. The House Patman measure aims to curb banks linked to big companies and restrict nonbank sideline businesses. Lobbyists from CIT Financial and others press for exemptions as conferees clash and House wins more points.

Patman Senate Odom Sparkman Senate Banking Committee CIT Washington Montgomery Ala America House

Market takes bright view for corporate profits in 1971

New York AP reports stock market shows faith in future profits with heavy trading and gains in the Dow Jones industrial average to 814.06 at week start. Investors expect expansion in 1971 as President Nixon signals liberal monetary policy, reduced inflation, and a path to full employment.

New York Nixon National Association of Manufacturers White House Federal Reserve System Wall Street

Politicians urge welfare reform and public accountability

The piece critiques claims by political figures about fixing welfare waste while noting data gaps. It argues not all aid recipients are malingerers and cautions against oversimplifying abuses. The author stresses careful assessment of who receives benefits and the broader labor market realities.

Welfare Department

Inflation Fight Divides Nixon Advisors and Public

A column argues the dollar is shrinking in value, with wages not keeping pace and inflation persisting into 1971. It notes split among advisers from Milton Friedman to Arthur Burns, cites UAW president Leonard Woodcock, and reports on proposed remedies from wage and price guidelines to a 3 percent federal sales tax. It ends with a historical quip about 1837 Illinois price protests.

Nixon

Also Mentioned on This Page

John McClelland D-Ark Henry Bellman D-Okla Department of Transportation DOT Federal Aviation Administration Dems Warren Magnuson Henry Jackson Magnuson Joseph Tydings Maryland Fairchild Hiller Tydings Alan Cranston California Machinists Union Cranston By Jack Anderson McClellan Bellman John Tower Texas Wallace Bennett Utah John Sparkman Alabama Wright Patman House Banking Committee Ehay Lewis Odom The CIT Financial Co. of New Bennett Banks State Department Agency For International Development AID Robert Ables Merchant Marine Committee Merchant Marine Ed Garmatz D-Md Ables By George Sample Forrie Hopkins North East Milton Shapp Pennsylvania Welfare Department Springboard Grace of God Corry Evening Journal South Street Corey George_f. ‘Sample William Eaton John McLaughlin Asociated Press Focal News AP News Corry Paul Harvey Milton Friedman Arthur Burns Leonard Woodcock United Auto Workers General Motors UAW Woodcock Treasury Department Murray Weidenbaum Committee For Economic Development Eliot Janeway War and Welfare Chicago Tribune Illinois
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