Government waste and bias questioned in taxpayer critique
A reader argues Uncle Sam and his officials cheat working people via inflation and misused funds. He cites a $1 million missile silo cover that blew away, favors to McDonnell-Douglas over Aerosonic, and costly congressional hearings that change little. He urges voters to judge incumbents by this record.
MENTIONED IN THIS ARTICLE
Air Force
Joint Economic Committee
Congressional
William Proxmire
Herbert J. Frank
Aerosonic Corporation
Pentagon
McDonnell-Douglas
Congress
Congressional Record
Agnew attacks World Book over downfall history
Former Vice President Spiro Agnew protests World Book encyclopedia account of his resignation and alleged extortion scheme. The yearbook links his 1962 Baltimore County fundraising to kickback contracts, which Agnew calls a distortion and leftist bias. Oil rip off: Abourezk cites study showing oil profits funded by restrictions, with production falling 314000 barrels daily since May 1973 and plan for price rollback.
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Washington
Spiro Agnew
World Book Encyclopedia
Agnew
Reported World Book
Baltimore County
Maryland
Abourezk
Builder liable for two year old roof defect in home
A 1972 Pennsylvania Supreme Court ruling held builder vendors warrant a dwelling to be workmanlike and habitable even after sale. The homeowner should pursue legal action. the builder remains responsible due to ongoing leaks and prior repair attempts. Seek legal counsel promptly.
MENTIONED IN THIS ARTICLE
Pennsylvania Supreme Court
Budget Jokes Hit Nixon Budget in Conlan Satire
Arizona Republican Congressman John B. Conlan is praised for reading every item in Nixon's $304 billion budget. The piece lampoons spending, awarding absurd sums such as a facial for a nose, trips to Disneyland, and a plan to rename the Trans-Florida Canal. It rails against federal waste with a string of mock allocations and zingers toward Nixon, Kissinger, Hughes, and McGovern.
MENTIONED IN THIS ARTICLE
America
John B. Conlan
Arizona
Nixon
Margin debt signals fading credit in stock market
New York Stock Exchange margin debt rose by 40 million in April, the fourth straight monthly increase, lifting borrowed money backing stock prices to at least 5.4 billion. With declines in stock values, collateral shrank to 13.2 billion, increasing risk of margin calls as equity ratios fall, though overall alarm is not yet widespread.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Exchange
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