Rates Likely to Fall as Treasury Bills Drop Sharply
Washington reports show a sharp fall in Treasury bill prices with the 18 week bill rate down to 7.331 percent from 4.786 percent a week earlier. Analysts tie the move to expectations that the Federal Reserve may ease its tight credit policy to curb inflation.
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Washington
U.s.treasury
Edward M. Roob
The
Treasury
Federal Reserve Board
Rob
Treasury Department
Gambling license requested for Summa Corp officer in Nevada
Ralph Winte, security chief for Summa Corp, seeks a corporate officer license in the Hughes operated Nevada gambling group. The Nevada Gaming Commission will act after a Gaming Control Board recommendation. Winte linked to the Watergate probe and described by Arelo Sederberg, with residence in Los Angeles and Las Vegas.
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UPI
Ralph Winte
Summa Corp
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Howard Hughes
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Gaming Control Board
Winte
Watergate
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Hughes
Gordon Liddy
Las Vegas
Hank Greenspun
All Summa
Los Angeles
Arelo Sederberg
Carl Byvir and Associates, Inc
CIA
Secret Service
Sederberg
Washington, D.C
Hughes’ Nevada
Hughes Tel Co
Summa
Nixon says he will cooperate voluntarily with Watergate panel
President Nixon asserts cooperation with the Senate Watergate committee will remain voluntary and that courts have no power to force production of tapes. His lawyers seek dismissal of Cox suit and argue the matter is political, while appeals judges mull a compromise and Sirica weighs the committee case.
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Agnew Indictment Position To Be Filed This Week
UPI reports court papers will outline Vice President Spiro Agnew’s stance on whether a vice president can be indicted without impeachment. Attorney Judah Best did not confirm specifics but said the filing would occur in Baltimore this week to address charges of extortion bribery tax evasion and conspiracy linked to a Maryland kickback scheme.
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UPS
Spiry T. Agnew
Agnew
UPI
Judah Best
Maryland
Baltimore County
Cmpress
Best
Washington Star-News
Joel Kline
Kling
Chevy Chase
Waldie
Congress
Coast Guard tests new oil recovery machine in San Francisco Bay
The Coast Guard began tow tests of a new oil recovery unit on San Francisco Bay to meet standards for five foot waves and twenty knot winds. The catamaran type unit can scoop up 60 000 gallons of oil in an hour as four rubber pontoons were inflated on Yerba Buena Island and towed to the cutter Blackhawk.
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San Francisco
UPI
Coast Guard
San Francisco Bay
Yerba Buena Island
Blackhawk
Waldie pushes impeachment if Agnew cannot be charged
Representative Jerome Waldie plans to seek an impeachment regulation if courts rule that the Vice President cannot be investigated or indicted over the Maryland kickback case. He would also press for an immediate Judiciary Committee inquiry while lawyers for Agnew seek to block grand jury action.
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Pasadena
Calif
Jerome Waldie
D-Calif
Agnew
Maryland
Pasadena Star-News
Judiciary Committee
Waldie
Gil Bailey
Ridder Publication
Washington
Atty
Eliott Richardson
Richardson
Star-News
Robert Kastenmier
Owise
Medical services in military probed
The Nixon administration ordered a July memo backed study of military health care amid Defense Department fears of civilian takeover. The plan targets 4.5 million dependents and retirees, potential charges, and options from phasing out services to a Pentagon run insurance program.
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Washington
Nixon Administration
Defense Department
Pentagon
Roy Ash
Office of Management and Budget
Associated Press
Ash
Nixon
Department of Defense
Pension reform speeded up by House plan
The Ways and Means Committee will start work next Monday on private pension reform, using Senate passed language attached as a rider. The proposal would ensure vesting after 15 years, government insurance of plans, and tax incentives for personal retirement systems, with coordination planned with the Education and Labor subcommittee.
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Congress
Ways and Means Committee
Rep
al Alimac
D-Ore
Ullman
Senate
House
Tire
House Education and Labor
Pension Reform
Ways and Means
John Ji. Dent
D-Pa
Blood donor groups clash threaten volunteer system progress
Washington health officials warn private blood collectors may derail moves toward an all volunteer donor network without government action. Dr. Charles C. Edwards says three major groups failed to agree on a nationally coordinated policy, and a two week deadline was set to report progress. The groups include the American Red Cross the Council of Community Blood Centers and the American Association of Blood Banks which together handle about 85 percent of annual 4.6 million blood units.
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Washington
UPT
Charles C. Edwards
Edwards
Department of Health Educa
Tion and Welfare
HEW
American National Red Cross
Council of Community Blood Centers
American Association of Blood
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