Oil industry blamed for gas and oil shortage maneuver
Washington sources allege the Administration and oil firms conspired to create a false shortage by pressuring the FEA survey to underreport recoverable oil. The system allegedly routes forms through the American Petroleum Institute, masking true reserves while driving higher prices. State Department memo talks reveal meddling by congressmen in diplomatic allocations.
MENTIONED IN THIS ARTICLE
Congress
Washington
FEA
American Petroleum Institute
Daniel Rathbun
Capitol globetrotters and the State Department cables
A leaked file reveals how lawmakers and aides used State Department cables for personal trips and favors. Hays threatened to cut paper funding to curb cables, while Rep. Leonor Sullivan secured a hotel room transformer and chose a costly room. Other aides sought travel and entertainment perks, with embassy help and special theater lists.
MENTIONED IN THIS ARTICLE
Leonor Sullivan
O-Mo
Rep. Sullivan
State Department
Geneva
Hotel du Rhone
James Eastland
D-Miss
Louisiana Parish
U.S
Dan Russell
Balkans
Adriatic
End of session stamps two year term with pension boost
The two year session ended with a $44 million increase for teacher pensions and a new cost of living raise up to 33 percent for school employees. It added $671 million in debt authorizations for highways and buildings, and funded industry loans and mental health programs. Election reform and ethics bills stalled in committees. A new minimum wage bill passed, and a farm land tax break plan, known as clean and green, moved toward final action with tax assessments based on use. The session closed amid mixed reactions and plans to reassess next year.
MENTIONED IN THIS ARTICLE
House
Judges
Turnpike Commission
Independent Election Commission
Shapp
Gannon and
Hahnemann Medical School
Dombrosk
Behrend
Drew Lewis
Cavicus
Our Future in Hands of a Democratic Congress
The speaker laments a Congress dominated by Democrats Mansfield and Albert after a Nixon era GOP decline. He criticizes Ford and party leaders, rails against Watergate’s shadow, and urges bold policy steps to curb inflation, public works, housing, consumer protections, and energy while declaring the nation’s Rome is burning.
MENTIONED IN THIS ARTICLE
Ione
Congress
Richard Nixon
White House
Mike Mansfield
Carl Albert
Rome
Nero
Scoop Jackson
Moscow
Mutual funds surge on money market shift in October
New York based report shows mutual funds faced heavy redemptions through September as stock markets lagged. October brought record sales of 816.5 million with net sales 505.7 million, driven by money market funds investing in short term securities. If money market sales are excluded, October net sales drop to 119.8 million.
MENTIONED IN THIS ARTICLE
Investment Company Institute
Money Market Mutual Funds
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Oilmen
Rathbun
America
Capital Hill
Bob Owens
Europe
Wayne Hays
Ohio
Hays
Mr. Bang
Department of State
State
Marshall Wright
Hayes
Capitol Globetrotters
Wright
Tom, Dick
Harry
Hong Kong
Hugh Scott
Rpa
London
Maggie Smith
Edward VII
Lauren Bacall
Scotts
Pat Jennings
House Science Committee
Olin Teague
D-Tex
Teague
Jennings
Pui
Sorry Evening Journal
Ree Honspeauer
Trina Treet
Geroge
Rabiner
wWillam
Eato
Exior
John McLaughlin
Presseaam
AP News
al Corry
Mall
Dingle
Sman Forest
Hopkins
McHale
Roscioli
Blair McCord
Ray Mead
Gus Orton
Bert Page
Charles Valone
Jim
Albert
United States of America
Mansfield
Senate
Ford
Ron Nessen
Ohio State
Michigan
Florida
Herbert Burke
G.O.P
Cambodia
California
Ed Brown
Sacramento
Robert Dole
Republican National Committee
Congressman Burke
Charles Sandman
New Jersey
Roosevelt
Franklin Roosevelt
Rockefeller
Israel
Willi
Miki Mansfields
Carl Alberts
John Cunniff
New York
AIP