Government says May leads third monthly rise in economic indicators
The Commerce Department reports the leading economic indicators rose 2.1 percent in May, the third consecutive monthly upturn. Alan Greenspan says the recession is effectively over while the index has a long-standing record of signaling economic turning points before the wider economy begins to grow.
MENTIONED IN THIS ARTICLE
Washington
UPI
Commerce Department
Alan Greenspan
Ford
Senate approves new housing bill compromise aid
The Senate backed a trimmed housing bill to satisfy President Ford, sending the measure to the House. Proxmire’s compromise would extend existing programs, allow government purchase of $10 billion in mortgages, and authorize up to 300000 new starts and 500000 jobs, with loans for foreclosed homeowners and funds to continue housing rehabilitation.
MENTIONED IN THIS ARTICLE
Washington
UPI
Ford
Senate
House
William Proxmire
D-Wis
Senate Banking Committee
Proxmire
Wisconsin
California sues 11 oil refiners for antitrust damages
California files four multimillion-dollar antitrust suits against 11 major oil companies that produce about half the nation's gasoline. The state seeks treble damages for itself and 119 subdivisions and calls for divestment of crude oil production interests to restore free market forces. Deputy AG Michael Spiegel says drillers and refiners should freely trade and that current rules hinder market forces.
MENTIONED IN THIS ARTICLE
San Francisco
UPI
of California
Michael [. Spiegel
Federal District Court
Hydrant Blowout Delays Hayward Boulevard Work
A Cal State Hayward bulldozer accident sheared a fire hydrant on Hayward Boulevard around 10 15 a m causing a six foot water spout for over 30 minutes. No homes lost water. The hydrant fed by a six inch line tied to an 18 inch main under 110 psi. Water deflected by a tractor bucket to reach a valve and shut off. The hydrant will be repaired today.
MENTIONED IN THIS ARTICLE
Hayward Boulevard
California State University
Hayward
Water Department
Hot Camden Summer Delays Sign Painters At Sea
The arrival of hot weather in Camden Maine stalls sign painters ashore and afloat. The two experienced workers struggle to keep up with the season's demand as temperatures climb and projects linger.
MENTIONED IN THIS ARTICLE
Camden
Maine
Ford Won't Rule Out First Strike With Bomb
Washington President Ford declines to rule out first use of nuclear weapons in a future conflict. He spoke at a White House news conference about domestic issues and warned of potential unemployment and oil price disruptions while signaling possible extension of the 1976 tax cut if the economy lags and the deficit stays in check.
MENTIONED IN THIS ARTICLE
Washington
UPI
Ford
United States
White House
Europe
South Korea
eHe
John F. Kennedy
Pentagon
Congress
Gas tax hike moves through Senate to Assembly action
SACRAMENTO The state Senate passed SBI to add one cent to the gasoline tax, aiming to fund about 110 million in highway projects. The measure, supported by some lawmakers and opposed by Sen. Holmdahl, could unfold with Assembly amendments.
MENTIONED IN THIS ARTICLE
Sacramento
Senate
Assembly
SBI
John Holmdahl
Castro Valley
Holmdahl
Holmuahl
Floyd Myr
Pleasanton
Mori
Sam
Col
Uncle Bills kids learn to protect their schools
In Los Angeles area educator Willam Gray leads a campaign against vandalism by showing students from kindergarten to fourth grade a colorful film and tree themed lessons. He uses the program to foster pride and responsibility, aiming to reduce graffiti and damage at schools and on public walls.
MENTIONED IN THIS ARTICLE
Bill
Los Angeles
Long Beach
Willam Gray
Rell
Also Mentioned on This Page
Cal State
the Daily Review
California
Calgul
Mora Weather
Ano
Ray Orrock
Auto News
Rolling Stone
Almast
Tim
Joseph Huseh
Gray
Bell
Hill Snaith
Parks and Recreation
Busch
ECLA
Taye
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