Washington grads face slower hiring but still better than feared
Washington dateline reports college placement officials say hiring for this year's graduates will fall about 2 percent from last year instead of the 5 percent drop predicted. Government jobs led the decline, while private sector hiring rose nearly 10 percent. Automative and machinery firms posted large gains. petroleum, metals, nonprofits and education cuts followed. Legislation to break up big oil seems unlikely this year, though divestiture ideas may advance despite veto risks.
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House okays IRS rule and energy aid in Senate move
The House backed an IRS regulation to curb political interference in tax probes but later defeated it 291 to 87 amid charges of a cover up. The regulation would require public disclosure of contacts about matters before the service. The Senate approved a 4.89 billion energy grants plan and loan guarantees extension to 16 months past June 30.
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We Hold These Truths Chronicle of America
A condensed excerpt cites John Jay warning that under independence life liberty and property rest with creators and grant of consent, asserting no authority beyond what is granted. The fragment attributes text to a 1975 United Feature Syndicate strip by Joss Mackenne and Jell Madellpe.
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Firestone to report on illegal political contributions
Firestone Tire and Rubber Co faces a consent decree over $330,000 in illicit political contributions to Congressmen and officials from 1870 to 1973. Raymond C. Firestone and Robert P. Beasley allegedly managed the fund, with SEC action and an internal probe promised. The case was settled without admission of wrongdoing.
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Senate approves wide lobbying bill amid opposition
Senate approves a broad lobbying bill 82 to 9 to require disclosure by groups influencing Congress. It targets entities with 12 or more congressional contacts or $8,000 in three months of lobbying, regardless of party. Opponents like Ralph Nader's organization and AFL-CIO criticize the measure as overbroad and stifling.
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Senate GOP chief to visit China next month
Senate Republican leader Hugh Scott will travel to Peking to obtain a firsthand report on the Chinese political scene for President Ford. Scott's interest in China traces back to pre World War II days as a Philadelphia lawyer and author of The Golden Days of Chinese Art. He is famed for one of the capital's finest Chinese art collections.
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