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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Jun 22, 1976
Page
1
Government economists expect no sharp inflation divergence soon though price increases may quicken before year end. May consumer prices likely up about April's 0.4 percent, according to Maynard Comiez acting chief economist, Commerce Department.
The FCC backed a federal study urging Bell System refunds totaling 1.6 billion dollars to telephone customers for interstate long distance overcharges from 1971 to 1975. If enacted the payout would equal about 14.50 per Bell phone for 115 million phones nationwide. The Observer notes state regulators may raise refunds up to triple the federal estimate and cites at least 101 million in recent refunds or denials by Bell subsidiaries across several states.
Columbus Mississippi reports a revived effort to build the Tem-Tom Waterway linking the Tennessee and Tombigbee rivers. The project, backed by U S Army Corps of Engineers and Southern lawmakers, moves from fantasy to a $1.5 billion federal program with at least one lock in place and another nearing completion. Critics warn of environmental risk and soaring costs, but Congress has pledged further funds.
Decatur approves refinancing of Point Mallard via a 4.036 million bid at 6.295 percent average, beating rivals and projecting annual payments around 320 thousand dollars for 25 years. Birmingham firm Hendrix Mohr and Yardley acted as fiscal agent, with proceeds plus city funds funding debt retirement. Also approved renovation bid for Delano Park armory recreation center.
State tourism director Doug Benton told Decatur leaders that the area's natural beauty and Point Mallard development create a rare chance to build a competitive travel industry in North Alabama. He urged heavy promotion to attract Floridians entering on I 65 and noted repeat homeward travelers boost local attractions and businesses. He cited Huntsville Space Center, state parks, and Decatur motels and restaurants as benefiting from tourism. He also recounted a Chattanooga dealer who built tourism ties after selling cars to Lookout Mountain attractions.
In 1937 Joe Louis became world heavyweight boxing champion by knocking out Jim Braddock in Chicago. Weather notes show near 80 by day, low 60s tonight with highs mid 80s Wednesday. Contact numbers for ads and pages referenced.
Democratic leaders approve public accounting of all House employees duties amid allegations Rep Wayne Hays used a committee payroll for a mistress. Rep Frank Thompson nominated to replace Hays as chairman as the Steering Committee curtails the Administration Committee’s independence. Actions to be considered by all Democrats at caucus and possibly by the full House next week.
A Loch Ness dive by Charles Finkelstein during the Loch Ness Expedition sponsored by the Academy of Applied Science and The New York Times yielded eerie impressions. The water is clear yet frigid at 42 degrees, limiting visibility and prompting equipment tweaks. Finkelstein, 24, tested cameras and played a “monster” role near the cameras while a shore monitor captured the action for size calibration. The expedition, in its third week, aims to assess any large creature with improved film resolution following Wyckoff’s photographic review.
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