US Economy Slips as GNP Dips in 1970 Report
Washington reports 1970 marked by a 5 percent price rise and a first GNP decline in 12 years. The Commerce Department cites inflation, a 0.5 percent GNP drop, and weak private investment while the Fed trims rates to ease credit. President Nixon urges construction leaders to curb wage and price spirals and hints at regional bargaining if needed. Sen. Proxmire calls the downturn a failure of Nixon’s plan.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Nixon
Fed
Commerce Department
New York
White House
Bethlehem Steel
U.S. Steel
Bethlehem
General Motors
William Proxmire
D-Wis
Senate
House Economic Committee
Proxmire
Wife Seeks $10 Million For Astronaut's Death
Betty Grissom, widow of Virgil I Grissom, files a $10 million suit in Brevard County Circuit Court against North American Rockwell Corp and three subsidiaries over the 1967 Apollo fire that killed Grissom Roger B. Chaffee and Edward H. White II. The suit cites defective fire suppression and wiring, seeks $5 million for the widow and $5 million for the estate, and notes the capsule lacked an emergency egress and proper extinguisher.
MENTIONED IN THIS ARTICLE
Titusville, Fla
Virgil I. Grissom
North American Rockwell Corp
Betty Grissom
Houston
Brevard County
Roger B. Chaffee
Edward H. White II
Chaffee
Blue Ribbon Board of Review
National Aeronautics and Space Administration
Grissom
Unions Attack Blount on Post Office Gag Rule in Talks
APEC unions threaten court action as they urge face to face talks with Postmaster General Winton M. Blount over a directive banning postal workers from contacting congressional offices. CAPE says the rule may violate the Lloyd LaFollette Act and hampers collective bargaining amid postal reform.
MENTIONED IN THIS ARTICLE
Washington
Winton M. Blount
U.S
Blount
U.S. Postal Service
Postal Service
Congress
Council of American Postal Employes
CAPE
Lloyd-LaFollette
Nixon
Penelec Wins Fuel Cost Change Authorization
The Public Utility Commission in Harrisburg authorized Pennsylvania Electric Co. to adjust rates automatically with fuel costs. The clause, granted to Penelec as the fourth utility in the state, requires monthly reporting and is designed to offset rising coal oil and freight prices. Average impact is about 55 cents monthly for a typical 600 kilowatt hour bill.
MENTIONED IN THIS ARTICLE
Public Utility Commission
Harrisburg
Pennsylvania Electric Co
Johnstown
Penelec
PUC
West
Pennsylvania Power & Light Co
Allentown
West Penn Power Co
Greensburg
Metropolitan Edison Co
Reading
Chapel Protest as Navy Plans Culebra Target Practice
Fourteen Marines and 50 demonstrators clashed on Flamenco beach as the Navy readies Flamenco peninsula for gunnery and ship bombardment starting Thursday. Demonstrators began building a chapel protest, Marines seized materials briefly, and police warned of trespass charges. The action ties to Operation Springboard with about 60,000 sailors and Marines. Culebra residents expect aid from locals, while officials dispute the firing range limits set in a recent agreement to restrict firing to the northwest tip by 1972.
MENTIONED IN THIS ARTICLE
Culebra
P.R
U.S
Culebra Island
Navy
United States
Britain
France
Canada
Holland
Brazil
Dominican Republic
Flamenco
Umder
Also Mentioned on This Page
Enna Jettick
Connie, Hi Brow
F. Goodrich
Thom McAn
Buster Brown Poll Parrott
Carrig
Carrig’s
North Genter St
Kennedy Space Center
Gary Mark Grissom
Allen Scott Grissom
North American
North American Aviation, Inc
Rockwell Standard Corp
Rockwell Standard Company
W.C. Canfield
William Whitaker
Orlando
Rene Counasse
Pennsylvania
Pennsylvania Gas
Culebrans
REX Theatre
Elvis
International Furnaces
Bob Garfield
North First Avenue
Frosten Person
Alfred Hansen
John Rossbacher
Rossbacher
Insurance Service
First Avenue
West South Street
Corry, Pa
Roger A. Lansberry
William W. Jones
Gremlin — Hornet
Fitch Motors
First Ave
Jack Fair
John Norton
Goodyear Tractor
Crown
Dremington Mall
Chain Saws
Johnson Bros
South First Avenue
Lyle Johnson
Leo Spitman
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