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Newspaper
Danville Register
Location
Danville, Virginia, United States of America
Date
Feb 11, 1975
Page
2
The survey notes Republican hopefuls doubt Ford’s renomination yet he asserts willingness to run regardless of economy. Ford argues economic improvement by 1976 could justify seeking re election while press secretary confirms his candidacy stands independent of the current economy.
Canada faces oil price justification tied to foreign exchange costs from Venezuela and other suppliers. Officials say raising export prices to the United States mirrors Middle East and Venezuelan pricing, a theory deemed invalid by critics as it fuels inflation and erodes competitiveness.
In a global exchange, the USSR denounces China's new constitution as Maoist oppression and a shift from Marxism. Pravda attacks the move, while accuse both sides of restricting free elections and oppressing dissidents. The piece cites Berlin and Phnom Penh violence as context.
President Ford's fiscal 1976 budget mix leans toward bleak tones with only energy research funding set at $2.2 billion. The plan suggests rising unemployment, shrinking real corporate profits, and debt surpassing $450 billion by year end, with interest at about $40 billion in 1977. The deficit outlook dominates the message.
A Washington scene depicts President Ford presiding as Henry Kissinger manages foreign and trade issues, while Jim Schlesinger debates oil price strategies and Treasury’s Simon sidesteps Wall Street in a mock cabinet gathering. The dialogue critiques deficits, inflation risks, and political peril for Ford as Congress shapes fiscal fate.
A letter laments a rising tide of distrust as computers touch taxation, utilities, and university finances. The author recalls Berkeley protests and recalls a university delay resolved only by a chancellor’s human intervention, urging reform to curb automated overreach.
Wall Street Journal reports in 1973 that 44 of 100 senators failed to vote on key energy bills, while many passed appropriations with low turnout. Senators earned 500 to 2500 dollars per half hour on speaking tours, up to 60000 annually, prompting proposals to cap fees. Legislation to curb moonlighting has stalled as lawmakers remain away on business. Strasburg Northern Virginia.
Barry Goldwater criticizes the Campaign Financing Law born from Watergate arguing rush to enactment created loopholes. He cites White House pressure and legislative haste that produced abuses, such as surplus funds used for personal bills. He recalls a 1964 presidential surplus and warns of broader misinterpretations and loopholes lingering in the law.
A reflective column mocks political certainty about Social Security solvency and elder voters. It invokes Senator Soaper’s view that crisis is distant, notes Kissinger’s repeated tough feats, and satirizes responses to economic pressure. It also mentions a Bronx man charged with impersonating a doctor and criticizes fiscal policy amid recession talk.
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