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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Apr 15, 1974
Page
2
The article laments the extended holiday period for North Carolina public school teachers staff and students extending beyond a single day. It argues that the school calendar lacks logic with many days off piled into back to back breaks and weekends, offering little value to students.
The piece notes legislators faced little public pressure on food tax elimination with Sen Ralph Scott reporting only one tax reform contact from Alamance County and a quiet letters column. It critiques school calendars and vacation timings, arguing shorter summers hurt businesses and student schedules, urging calendar reforms.
The S H Kress store in High Point ends operations as Genesco Inc dissolves unprofitable outlets. Manager James Johnson cites shoplifting as the main profit robber, estimating four of every 12 pens and similar rates for jewelry and baby clothes stolen. He argues theft drives price increases and questions the justice system and resale channels for stolen goods. Nearby shop closures in Asheville and Greensboro accompany the move.
A Labor Department index shows February prices up 1.3 percent from January with a 10 percent year over year rise, the first double digit yearly inflation since Korea War. Europe sees about 13 percent, Britain and Japan may top 20 percent, Chile potentially 600 percent, as oil, embargo aftereffects, shortages, and money expansion drive costs.
Economists like Milton Friedman and Sherman Maisel argue monetary growth drives inflation. Ashby Bladen cites rapid debt rise as a key inflation source. With sluggish 1974 prospects, Shultz warns of a potential inflation escalation in the year's second half.
United Feature Syndicate reports that a Turkish opium ban repeal by summer could flood the United States with heroin, fueling addiction and crime. House narcotics findings show addiction fell after 1972 ban and prices rose as purity dropped. probes note pharmaceutical firms and criminals press to revive trade.
The death of President George Pompidou sparks questions about France's future policy. Despite changes after De Gaulle, continuity persists in core aims, including nuclear posture and realpolitik. The piece notes Pompidou maintained De Gaulle's approach, with cautious shifts in NATO and colonial trade, while forecasting a conservative Franco stance under future leadership.
Washington notes that a major debate on financing campaign elections has stalled, despite Watergate's aftermath and calls for public funding. Observers expect a presidential veto looming as reform bills face filibusters and inter-chamber battles while campaign committees ready $14 million for this year’s races.
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