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Newspaper
Eagle Lake Headlight
Location
Eagle Lake, Texas, United States of America
Date
Dec 30, 1969
Page
2
Health tips for the new year emphasize daily activity and balanced meals. Eat varied foods including meat substitutes, dairy, fruit and vegetables, and aim for steady walking or modest exercise each day. See a doctor for prevention and immunization reminders.
The article outlines the new law requiring slow moving vehicle emblems on vehicles traveling 25 mph or less. Emblems must be fixed on the back three to five feet above the road, with a 15 inch by 1 inch daylight size and a bright orange luminous triangle for daylight visibility and a glowing red border at night. It notes the emblem is weatherproof and emphasizes rear-end collisions as major causes of fatalities and property damage, citing TSA Vice President Joe L. Smetana and data from other states.
Babson predicts 1970 will bring a hard bargaining year as labor and management clash on wage increases and year long contracts. Teamsters and auto suppliers loom large while a trucking strike could halt materials and finished goods, dragging a fragile economy toward deeper slippage.
The piece discusses federal spending shifts shaping GNP, anticipated cuts in military outlays offset by civilian costs, and a cautious consumer rise in durable goods. It forecasts slight retail volume weakness until industry revives, with higher prices boosting total sales. Inflation erodes purchasing power, while population growth and wages segment buying power. Money rates may ease after recent highs, with long-term lending still in demand. Mortgage rates likely drop modestly amid housing demand. Loans face a slower industrial economy ahead.
State Representative Chauncey Jungmichel of La Grange was named to a 25 member committee by Speaker G F Mulscher to study traffic safety and fire protection administration on the Houston Ship Channel. The panel will determine how safe movement of ships boats and ferries can be regulated as the Port of Houston grows.
The report notes that activity and demand for business spans should moderate in 1970 versus 1969. Inventory accumulation is expected to decline as firms employ liquidation programs. Short-term rates and yields on Treasuries and commercial paper are projected to ease only modestly as the economy stabilizes.
A committee under the Houston and Harris organization plans to seat cooperation efforts with county officials and leaders from surrounding districts and authorities. The action aims to gather advice and suggestions from key local actors to guide joint initiatives.
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