Burns asserts Fed keeps to money growth path
Chairman Arthur Burns told the Senate Banking Committee the Fed will maintain its six month old money growth path with a target of 7.5 percent annual growth for the money supply. He defended moderate monetary policy amid calls to boost liquidity to lower rates and cited October car sales as evidence of improving economy.
MENTIONED IN THIS ARTICLE
Federal Reserve
Arthur Burns
Senate Banking Committee
Washington
Arthur F. Burns
Federal Reserve Board
Congress
Fed
Burns
Fayetteville Elects Woman Mayor In North Carolina Race
Fayetteville voters favored Beth Finch to become the city’s first woman mayor as precincts reported with Finch leading Larry Buie Jr. 5404 to 4266 after endorsements shifted the outcome. Wade Cavin won in Durham, while Charlotte reelected John Kelk to a fourth term. Clarence Lightner, longtime Sw city mayor, was defeated in the primary.
MENTIONED IN THIS ARTICLE
Associated Press
Beth Finch
Fayetteville
North
North Carolina
Wade Cavin
J. Will
Clarence Light Lightner
Finch
Larry Buie Jr
Cavin
Hawkins
Durham
Mayoral Races Shift Across Major Cities
Election races continued with incumbents winning in Philadelphia Baltimore and Miami while Indianapolis saw William Hudnut defeat Robert Welch. Houston and San Francisco saw close contests as voters weighed bond issues and local slate changes.
MENTIONED IN THIS ARTICLE
Fedladelphia
Law and Urder
Frank Rizzo
Baltimore
Miami
William Donald Schaefer
Maurice Ferre
Indianapolis
Richard G. Lugar
GOP
Wiliam Hudnut
Robert Welch
Houston
Fred Hofheinz
Jo Cleveland
Ralph Perk
Arnold Pinkney
San Francisco
Joseph Alioto
George Moscone
Milton Marks
Dianne Feinstein
Lebanon aid and political struggle amid sectarian tensions
Articles describe aid from Saudi Arabia and Kuwait to Lebanon after sectarian conflict. It notes Christian dominance in wealth and power, Muslim demands for greater share, and the Palestinian guerrilla presence in refugee camps. The piece also covers US political figures Ford and Rockefeller, election results, and shifting GOP dynamics around 1976.
MENTIONED IN THIS ARTICLE
Saudi Arabia
Kuwait
Lebanon
Jacksonville mayor re elected in sixth term race
W Bruce Teachey Jr won Jacksonville mayoral election with 1 847 votes defeating Elizabeth Marino 235 and Vin cent A McLeod 129. In nearby Swansboro Linwood Williams 194 beat James Hurdle Jr 82. Greensboro reelected Jin Melvin mayor. two newcomers joined council as district plan rejected. Melvin beat Mary Seymour 19 634 to 4 431. Asheville elected a black council member and a woman. Broadway reelected Ralph Hunter mayor. The text also covers courtroom actions in a separate trial with Miss Fromme changing her plea to not guilty and the judge denying the plea switch.
MENTIONED IN THIS ARTICLE
Jacksonville
W. Bruce Teachey, Jr
Teachey
Elizabeth
Betty” Marino
Vincent A. McLeod
Swansboro
Linwood D. Williams
James Hurdle Jr
Greensboro
Jin Melvin
Melvin
Mary Seymour
Seymour
Asheville
Dent
Joann Morgan Swilling
Otis Bentley Michael
Arthur Jackson
Virginia House Elections Show Small Shifts in Power
In Virginia outcomes, Democratic incumbents largely held seats while several races altered margins. Notable contests included Republican A. Joe Canada Jr in Virginia Beach losing ground to independent influence, and Democrat Gerald Baliles defeating incumbent Howard Carwile in Richmond-Henrico. Other results highlighted Roanoke and Chesapeake districts with incumbents re-elected and independents fading.
MENTIONED IN THIS ARTICLE
Qui
Virginia Beach
A. Joe Canada, Jr
Robert H. Callis Jr
Peninsula
Herbert H. Bateman
Mary B. McClaine
Richmond
Virginia House of Delegates
House
Del
Howard A.carwile
Ray L. Garland
A. Victor Thomas
Roanoke City
Thomas J. Nolan
Michael S. Ferguson
Raymond’ 'R. Robrecht
Portsmouth
L. Cleaves Manning
Johnny S. Joannou
Bascomb K. Osborne
del. J. W. O'Brien
J.S. Garrison Jr
Newport News
Alan A. Diamonstein
Theordore V. Morrison Jr
City faces choice on federal aid or self financing plan
Carey touts city and state steps since last May to fix finances including over 300 million in new taxes, massive layoffs, service cuts and fare hikes. Rohatyn of the Municipal Assistance Corp. says a new plan will fund the city for three years without federal help.
MENTIONED IN THIS ARTICLE
Ford
Carey
Felix Rohatyn
Municipal Assistance Corp
Judge seeks more time to study Hearst competency data
A federal judge in San Francisco said he needs additional time to review psychiatric reports on Patricia Hearst to determine her competency to stand trial for bank robbery charges. The decision, described as highly complex, will be issued in a written memorandum by Friday.
MENTIONED IN THIS ARTICLE
MacBride
Miss Fromme
U.S
Donald Heller
Virgo
Judge
San Francisco
Patricia Hearst
Miss Hearst
U.S. District Court
Oliver J. Carter
F. Lee Bailey
Louis West
West
Bailey
James L.browning Jr
Browning
San Mateo County
Redwood City
Symbionese Liberation Army
Carter
Schlesinger Man Leaves Defense Intelligence Post
Washington AP General Daniel O Graham says he is retiring as head of the Defense Intelligence Agency after Schlesinger ouster news. He stresses loyalty to Schlesinger and CIA director Colby and cites no housecleaning motive. Ellsworth expected to resign. others tied to Schlesinger may quit. Graham says the move won’t derail US Soviet arms talks, though some officials disagree.
MENTIONED IN THIS ARTICLE
Graham
James R. Schlesinger
Defense
Ford
Schlesinger
CIA
House
Senate
Central Intelligence Agency
Dullsville
Dr. Schlesinger
Bill Col
William Colby
Intelligence Agency
Defense Intelligence
Robert Ellsworth
Ellsworth
Pentagon
Henry A. Kissinger
Schiesinger
Kissinger
USS
State Department
Argentine President Faces Growing Loss of Support
Buenos Aires AP report details detention of former social welfare minister Rodolfo Roballo in a corruption probe as bedridden President Isabel Peron shows waning backing. Labor leader Lorenzo Miguel reportedly urges her to quit while inflation rages, wages rise 20 percent, and opposition leader Ricardo Balbin calls for clear leadership.
MENTIONED IN THIS ARTICLE
Buenos Aires
Argentina
Isabel Peron
Lorenzo Miguel
Peron
Miguel
Lorenzo
Antonio Cafiera
Rodolfo Roballo
Roballo
Jose Lopez Rega
Peran
Lopez Rega
Spain
Horacio Vazquez
Also Mentioned on This Page
Fapart
Treasury
House Banking Committee
Ohio
James A. Rhodes
Belk
Henry
Hank” Wilmer
Mecklenburg County
US Labor Party
Mark Englander
Wilmer
Englander
Red Hornet
White House
H.R. Halderman
Secret Service
Raleigh
Coggins
Lighterner
Williams
North Carolina State University
Alsa Raleigh
Rocky
Bent Ford
Rockefeller
Austin
Tex
John Rhodes
Barry Golder
R-Ariz
Reagan
Big George
Virgil Partch
Broadway
Ralph Hunter
Garland Smith
Nhower
Flocken Jaxz
New York State
New England
Pacific Northwest
Virginia
Bailey-Jed
Schlesinger Man
Ricardo Balbin
Mrs. Peron
Spicer
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