Economic Scene Brightens as Unemployment Falls
The unemployment rate dropped to 6.9 percent in May, the lowest since November 1974, while total employment rose by about 400,000. Wholesale prices rose 0.4 percent, the smallest gain since August, aided by a 2.3 percent drop in farm prices. Officials caution against overreading a single month as inflation trends remain uncertain.
MENTIONED IN THIS ARTICLE
Washington
Carter
Labor Department
Imm
House Votes To Establish Energy Department
The House approved a bill to create a new energy department for five years with a conference to reconcile differences with the Senate. It would replace scattered programs, abolish three agencies, and set price powers with a five member commission rather than give broad powers to the energy secretary.
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House
Energy Department
Washington
Department of Energy
Congress
Carter
Senate
House- Senate
White House
James R. ‘Schlesinger
Sénate
James Broyhill
R-N.c
Federal Power Commission
Commission
House-Senate
Schlesinger
Jack Brooks
Texas
Conference
Brooks
U S And Cuba Move To Exchange Diplomats After Lapse
Washington reports U S and Cuba will swap diplomatic teams within three months ending 16 years of hostility. Fidel Castro’s government to release 10 of 30 Americans in Cuban prisons with cases for others under review. State Department calls it a goodwill gesture not a condition for interest sections.
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Washington
United States
Cuba
Fidel Castro
State Department
Havana
Western Hemisphere
U.S
Africa
American Pilot Killed In Paris Air Show Crash
An American jet fighter crashed during the Paris Air Show at Le Bourget Airport, killing pilot Howard W. Nelson of Hagerstown Maryland. The Fairchild A Jet disintegrated after an apparent loop, with wings and tail breaking away. Nelson had logged over 10,000 flight hours. The crash was the sixth at the event in 12 years and prompted an Air Force investigation.
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Paris
U.S. Air Force
le Bourget
Howard W
Sam” Nelson
Hagerstown
Fairchild
Nelson
Jackie
Bourgel
Albiekt
Howard
Sam
Shafer Urges GOP Image Change At Virginia Convention
Former Pennsylvania governor Raymond Shafer urged Virginia Republicans to modernize the party’s image to win future elections. He argued Republicans must express core principles clearly without abandoning them. Rep. Vander Jagt echoed the theme, criticizing Carter and noting Americans lean Republican in spirit but elect Democrats. The two-day convention opened with a subdued session and a banquet attended by many state Republicans.
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Roanoke
Pennsylvania
Raymond Shafer
Virginia
Shafer
U.S
Wiliam L
Linwood Holton
Mills Godwin
Guy Vander Jagi
President Carter
Washington
Pennsylvana Avenue
Michigan
van der Jagt
National Republican’ Congressional Committee
Carter
Washingtony
Put
White House
Vander Jagt
Ustless
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