21 Dec 1975
Page 1
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Newspaper
Danville Register
Location
Danville, Virginia, United States of America
Date
Dec 21, 1975
Page
1
Washington AP report shows the mortgage foreclosure rate on home loans falling to the lowest level in four years despite ongoing high unemployment. Analysts and labor leaders view the trend as encouraging for housing and jobs prospects.
Reporters quoted Ford press secretary Nessen saying new and bigger tax cuts start July 1 will be pursued, with lawmakers bound to cut government spending dollar for dollar. He warned this approach will arise whenever a spending bill is voted, signaling a new way of doing business in Congress. The tax plan would tax a family of four with 17,500 income at 1976 level 1,976, down from 2,156 in 1974 and 2,036 in 1975, though exact effects on the average taxpayer remain unclear. Foreclosure activity remains low as government support for strapped homeowners appears unlikely, per Mortgage Bankers Association data showing 4.2 foreclosures per 1,000 loans on single and multi-family homes.
A string of fatal fires left many dead including a Richmond woman in Virginia and a 6 year old in Massachusetts Portmouth. In Tinley Park Illinois a 38 year old Chicago detective and five children perished with the husband away at work. A Reading Center farmhouse fire killed Douglas Parker his wife Bonnie and two other children in New York. A Omaha suburb fire killed William and another resident. Fatalities in Maryland and California followed as investigators cite toxic fumes and an upholstered chair as possible causes amid broader smoke engulfed incidents. Authorities also note unrelated volcanic and political turmoil headlines interweave with regional disaster reports.
Moscow sources say the Soviet Union will not let Angola jeopardize detente with the United States or harm its ties with Africa. Western diplomats note both sides seek accommodation and that Angola is not decisive to Soviet aims, despite arming MPLA.
An explosion at Clinton Corn Processing Co in Clinton Iowa trapped two men for about an hour and injured 19 others. Firefighters battled ammonia tank leaks as windows shattered and small fires flared near the center of the plant. Investigators probed a leaky valve as the cause and the plant remained closed pending results.
Lebanese leaders pursue dialogue with Syria as Beirut battles rage in the downtown area with civilians seeking shelter under army protection. In parallel regional actors weigh settlements and oil politics as OPEC presses for price moves and a broader dialogue among industrial, oil producer, and poorer nations. Syrian influence deepens as Abd al Halim Khaddam weighs another role while internal talks unfold, and international observers note shifts in Angola and Africa amid Sino-Soviet tensions.
Seattle Tacoma International Airport cleared of fog but faces a plane shortage as inbound flights were diverted to Portland and Spokane. Thousands of travelers faced delays and long waits in crowded terminals. Portland police noted angry, delayed passengers while Spokane officials reported busy restaurants and gift shops.
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