Muskie weighs deficit rise for recession cure but politics may fail
Senate Budget Committee chair Muskie says raising Ford's 52 billion deficit could spur recovery and reduce long term red ink but concedes it may not be politically salable. He notes economists see job losses from Ford's 1976 plan and cites a four year deficit tradeoff.
MENTIONED IN THIS ARTICLE
Muskie
Washington
Senate Budget Committee
Ford
Sen
Edmund 8
Maine
Mination
Senate
Refunds on Inactive Accounts Aim to Stop Practice
Lefkowitz announced a parallel agreement with Chase Manhattan reached Jan 29 involving about $27,000 transferred since June 30, 1972. The plan requires stores with refunds on inactive accounts after a cutoff to mail checks or hold funds for on demand refunds, mirroring FTC terms to curb unreturned customer funds.
MENTIONED IN THIS ARTICLE
Lefkowitz
Chase Manhattan
Attorney General's Office
New York
Chase
Reskin
McDonnell Douglas workers strike in three states
More than 19,000 production workers at McDonnell Douglas plants in Missouri Florida and California walked out over wages and benefits. In Cape Canaveral about 900 machinists joined the action delaying booster rocket work and risking Delta rocket preparations. NASA said the July Apollo mission would not be affected unless the strike lasts longer.
MENTIONED IN THIS ARTICLE
ST. Louis
APY
McDonnell Douglas
Missouri
Florida
California
Kennedy Space Center
Cape Canaveral
Fla
Machinists and Aerospace Workers District 837
McDonnell Douglas Corp
Walter Kapryan
NASA
Titusville
Pla
Oklahoma
Arkansas
Vietnam Crisis Briefing Reports Arrests and Attacks
Vietnam newsmen were accused of Communist links after last week’s arrests. Five papers closed were among nine printing corruption charges against Thieu. In the Mekong Delta a motorized sampan hit a mine killing 15. Ground fighting near Da Nang, with 35 NVA and four ARVN killed. In Cambodia minor attacks north of Prek Phneon and near Ba Set Hill as government forces push insurgents back.
MENTIONED IN THIS ARTICLE
Thieu
Saigon
Mekong Delta
Son da Nang
Cambodia
Prek Phneon
Baseth Hill
Phnom Penh
Asmara Seige and Eritrea Debate in Ethiopian Talks
Eritrea opponents vow no independence as Addis Ababa seeks peace talks with the ELF. Truce talks reportedly separate from Numaii proposals brought by Sudan and mediated by Gulf envoys. Government says it will not accept secession. army casualties and civilian losses cited as fighting continues near Asmara.
MENTIONED IN THIS ARTICLE
Ers
Eritrea
Ethiopia
Red Sea
ELF
Numiaii
Addis Ababa
Gamal Mohammed Ahmed
Asmara
Thatcher Leads British Party Contest For Prime Minister
An Oxford-educated chemist and tax lawyer, Mrs Thatcher tops odds in legal betting shops amid a field including Whitelaw Prior Howe and Peyton. A Daily Mail poll shows Thatcher as front runner with Whitelaw close. Jaycees defend Tisi award amid opposition from Robert Sergal who cites a violent past and calls the honor blind.
MENTIONED IN THIS ARTICLE
Nance
Whitelaw
Heath
Northern Ireland
James Prior
Geoffrey Howe
John Peyton
Britain
Tisi
Gary Foote
State
Jaycees
Jaycees Chapter
Tiss
Robert Sergal
Sergal
Government Economy Index Maze Confuses Experts
Washington AP reports the complexity of government economic indexes, from GNP to CPI, and how revisions, differing methodologies, and multiple agencies create confusion among economists and policymakers. It notes inflations, unemployment shifts, price deflators, and differing measures used to gauge inflation and growth.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Labor Department
Federal Reserve Board
The
Council of Economic Advisers
Federal Home Loan Bank Board
Alan Greenspan
Labor
Council
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Frank Lowe
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Cosimo “Gus” Troia
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Great
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Ees Tne
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