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This newspaper page contains 6 articles. Subscribers can read the full text of each article.
Newspaper
Corry Evening Journal
Location
Corry, Pennsylvania, United States of America
Date
Jan 05, 1974
Page
2
In a city council debate the budget was cut using federal revenue sharing funds, echoing a pattern from a year earlier. The piece argues Nixon pushed a "anything goes" motto after his presidency, causing a stark mix of trait and consequence in Washington.
A letter argues state police should stop hiding behind billboards and patrol openly on highways to slow traffic and save gas. The writer cites cruisers drifting along at 55 mph as a visible deterrent and notes pursuing speeders wastes gas, urging a public policing presence.
FCC awards KRLA to Western Broadcasting led by Bob Hope after a decade of hearings. Key stockholders include Hope, Richard A. Moore, Ed Pauley and Art Linkletter. Site concerns referenced land reclamation near the Pomona Freeway. Footnotes cite Hope’s remark that the case was won on engineering merits.
A stark forecast argues that energy shortages will shrink American life from travel to comforts. While Britain shows a smaller footprint, the piece notes Americans will endure reduced heat, light, and variety, with energy slaves replaced by restraint and innovation as we seek new power sources.
The Federal Reserve Board cut margin requirements to 50 percent, the lowest since the 1930s, signaling confidence in a recovering market. The move is expected to boost debt appetite, trading activity, and stock prices as speculators reload their plans amid reduced margin rules. Foreclosure-led debt reduction is noted as a major factor in the prior decline.
The article explains margin use can boost returns but increases risk as pledged stocks fall below requirements and may be sold. It notes brokers charge over 10 percent for margin loans, and that maintenance margin calls force investors to add cash or collateral or have holdings liquidated. It also outlines the broker’s power to demand payment anytime and to liquidate if needed.
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