24 Jan 1975
Page 1
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Newspaper
Daily Review
Location
Hayward, California, United States of America
Date
Jan 24, 1975
Page
1
A historical comparison outlines length, unemployment, stock market, profits, housing, auto production and bankruptcies between the 1930s Depression and the current recession. It notes safeguards exist now, with 1970s data cited and a caution on debt and wage trends.
Clifford Vargas, founder of Circus Vargas based in San Leandro, wintered his operation at Alameda County Fairgrounds in Pleasanton after returning to his hometown. Born on Santa Rita Road, raised on farms in Pleasanton and Livermore, he pursued varied jobs before entering advertising, which led to ownership of Circus Vargas two years ago after a lineage of promotions with Rudy Brothers and Germaine.
Hayward leaders show cautious support for a plan to involve private builders and investors in building or rehabilitating thousands of housing units for low and moderate income families. HUD would provide rent subsidies to ensure tenants can afford rents, though Mayor Irene Weinreb remains skeptical.
A weather update hints at a potential change from sunny conditions. The forecaster projects a 38 percent chance of rain with cooler highs and breezy winds, signaling unsettled skies ahead. Page 15.
The House Ways and Means Committee voted 19 to 15 to delay Ford’s proposed oil import tariffs for 90 days and 15 to 14 to link the measure to a debt ceiling increase from 495 to 531 billion dollars. President Ford Defends tariff as interim step to curb foreign oil dependence while Congress weighs broader action.
In Detroit the four major automakers report mid month sales up 41 percent from early January, driven by rebates of 40 to 400 dollars. Dealers note showroom traffic up sharply since the price war began January 13, though layoffs remain unchanged and full impact will show in late January and early February reports.
PG&E plans a substantial general rate increase this year to cover rising air and natural gas costs. Frederick Mielke said the raise could cost California consumers hundreds of millions, with the exact size undecided. The utility already seeks a 1973 233 million hike, and 1974 profits topped 241 million despite lower sales.
A man entered the Clinic Bar, removed his hat and beard disguise, and attempted a taxi ride. Police arrested Loyd Luther Milam, 47, of Capri Avenue, on suspicion of robbery after witnesses saw him remove the beard and wait for a pickup. He allegedly took $1.4.
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