Meat price cuts seen in beef supply outlook
Prices for beef and pork are rising as cattle slaughter lags and feedlots shrink, with 11 percent more cattle slaughtered yet beef output up only 3 percent. Industry officials expect a later boost in fed beef, easing wholesale costs and consumer prices, while hamburger remains a bright spot amid high operating costs forcing herd reductions.
MENTIONED IN THIS ARTICLE
Rts
Howard Madsen
Oito
Madsen
Bureau of Labor Statistics
Economic recovery seen gaining pace in May
Washington economists report a stronger May rise in the Commerce Department's composite indicators, signaling sustained improvement and a developing recovery. Foreign trade shows a near record surplus, oil imports drop sharply, and beef prices may ease later. Treasury chief Simon calls averting a financial crisis in NYC a priority as housing and unemployment measures pass Congress. The welfare rolls grow, unemployment remains about 9.2 percent, and experts differ on how quickly joblessness will recede despite expected summer growth.
MENTIONED IN THIS ARTICLE
Washington
Ig Pyrene
Lex
James L. Pate
Comne
Bond Cuts State Budget Denies Pension Benefits
Gov. Christopher S. Bond cut about 4.6 million from Missouri's 2.3 billion budget for 1975-76 and rejected a proposed 20 percent boost in legislative pensions plus higher retirement for 44 000 state workers. Cuts hit the University of Missouri Harris Teachers College Southeast Missouri State University Missouri Southern State College the Social Services department Mental Health and St Louis County storm sewer projects.
MENTIONED IN THIS ARTICLE
General Assembly
Christopher S. Bond
Bond
University of Missouri
Harris Teachers College
St. Louis
Southeast Missouri State University
Cape Girardeau
Missouri Southern State College
Joplin
Department of Social Services
Department of Mental Health
St. Louis County
State Coordinating Board For Higher Education
Department
House Appropriations
James Russell
Florissant
GM recalls 6 600 workers as plant production rises in August
General Motors announced a recall of at least 6 600 hourly workers from indefinite layoff in August as four car plants resume higher output for the 1976 models. About 4 400 Michigan workers in Pontiac Flint and Lansing will be affected while South Gate California will shut for two weeks starting July 7 with some workers placed on indefinite layoff.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
Michigan
Pontiac
Flint
Lansing
South Gate
Calif
Wilmington
Del
U.S
Chrysler Corp
Law boosts ADC payments and expands welfare fraud penalties
Missouri Gov. Christopher S. Bond signed a package increasing Aid to Dependent Children benefits by five dollars per person monthly, effective Sept. 28, costing about 7.5 million annually. The package also tightens welfare fraud penalties to felonies over 150 dollars and funds are criticized as insufficient for enforcement and fraud prevention. A donor identification measure for organ transplants and new health facility authority are among additional bills signed.
MENTIONED IN THIS ARTICLE
Jefferson City
Christopher S. Bond
Bond
General Assembly
Odendahl Named New Missouri Clean Water Director
The Missouri Clean Water Commission confirmed James Odendahl as its new director by a 3-2 vote, replacing Jack Smith who reached retirement age. Ralph Lowe dissented previously, while James Wilson of the Department of Natural Resources argued for younger staff. Smith continued to report to work while the dispute persisted.
MENTIONED IN THIS ARTICLE
Jefferson City
Missouri Clean Water Commission
James Odendahl
Odendahl
Jack Smith
Democratic Commission
Ralph Lowe
Clinton
Lowe
Smith
Commission
James Wilson
Department of Natural Resources
Aid mission quits business in Laos
The U S aid mission in Laos closed after more than 20 years and over 60 million dollars in aid. The move comes as the Pathet Lao strengthens control and Congress is unlikely to authorize further assistance. The withdrawal ends USAID programs and ties to local operations as Saigon rivals and Meo refugees figure in regional shifts.
MENTIONED IN THIS ARTICLE
Vientiane, Laos
U.S
Laos
Pathet Lao
Congress
Christian A. ‘Chapman
United States
Erty
Southeast Asia
Saigon Radio
Bangkok
Saigon
Nguyen van Thieu
Chatichai Choonhavan
U5 Central Intelligence Agency
Paris
South Vietnam
Switzerland
France
Washington
USAID
Doctors form insurer groups bill signed by Bond
Governor Christopher 5. Bond has signed a bill allowing doctors to band together to insure themselves, creating physician led insurer groups. The measure enables medical professionals to pool risk and negotiate coverage terms under a new legal framework.
MENTIONED IN THIS ARTICLE
Christopher 5. Bond
Missouri veto leaves most state pensions unchanged
Governor Bond defended vetoing a highway retirement reform while noting most state workers receive higher benefits under existing plans. The decision affects about 36 000 employees and 6 000 retirees, with legislators facing separate higher payouts and IRS scrutiny over equal benefits. Budget director Edelman called raising all pensions to legislative levels astronomical.
MENTIONED IN THIS ARTICLE
Department
Bond
Highway Department
U.S. Internal Revenue Service
IRS
U.S
Mark Edelman
Also Mentioned on This Page
Vic
Paul Moody
Adrian
West
Melvin Smith
Missouri
Nevada
Associated Press
American National Cattlemen’s Association
Permarkets
Treasury
William E. Simon
New York City
Senate
Ford
ADC
Odendahl Replaces
Aid Mission
Peter Ship
Legisss
Ee Cntines Oe
Peeway
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