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Newspaper
Corry Evening Journal
Location
Corry, Pennsylvania, United States of America
Date
Oct 14, 1975
Page
2
Opinion notes that Patty Hearst and associates were captured and predicts a costly, drawn out legal battle facing taxpayers. The writer laments delays caused by court rulings and public publicity, arguing the public bears the burden of lengthy trials while the right to a speedy verdict for defendants remains theoretical.
The author blasts a spectacle in the courts surpassing Sirhan Sirhan’s trial, predicting a dozen appeals and noting lawyers will seize publicity. They fault their profession for fueling the problem, arguing reporters should have omitted sideshow tactics to curb the foolishness in courtrooms.
A Wertheim & Co survey of 92 institutions with over 300 billion in trust assets shows the 10 year equity yardstick returning 2.6 percent annually, below the Dow Jones 3.3 percent and mutual funds at 3.7 percent. Bank managers averaged 2.4 percent and insurers 1.7 percent. Treasury bills led with 5.8 percent. Over the past year the Dow rose 29.8 percent while banks, insurers, and mutual funds posted higher gains but lagged the Dow. Over three years all indices fell, with the Dow down 0.3 percent while the broader equity index fell 8 percent.
Five years after the Equal Rights Amendment approval, Pennsylvania advances toward removing sex based language from laws. The Pennsylvania Commission for Women begins a state law review, noting issues in housing, education, marital status, domicile, and unpaid work, with recommendations on job discrimination rape laws and credit laws. The memo also highlights a federal gas shortage and alleged price manipulation by oil and gas interests and the Federal Power Commission.
A memo argues that gas shortages are a deliberate result of deregulation driven by regulators and industry aims for higher prices. It cites House investigators, FPC inertia, and fears of a 450 percent price spike if price controls are lifted. Estimates place deregulation costs at 9 to 11 billion, with broad consumer and economic impact.
Treasury Secretary William Simon says media glamorizes leaders, boosting threats against President Ford. He cites a $25,000 contract offer and hundreds of life threats in September, arguing publicity fuels violence and creates celebrities out of officials. Analysts note contagion and open season on establishment figures.
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