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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 02, 1977
Page
4
High Point YWCA hosts a seminar on battered wives, urging society to reject wife beating as unacceptable. Experts note impact on children, low self esteem, and economic ties, and promote a shelter program funded by a federal grant plus preventative community action.
A survey of accountants facing tighter scrutiny by Congress and the SEC. It notes past scandals like Penn Central and Equity Funding, the push for self reform, and the rise of international standards amid domestic and global complexities.
Letters to the Enterprise argue that the crude oil equalization tax hidden in Carter's energy plan could add as much as 7 cents per gallon by 1980, raising overall gasoline costs while potentially boosting imports. Critics say refunds are misaligned and burdens fall on farmers and truckers.
Washington round up reports on CIA and Air Force secrecy detailing Laotian missions and a botched CIA assassination. It also notes oil companies cutting summer discounts, risking higher heating costs after winter. Rep. Alvin Baldus demands explanations from oil firms.
The economy shifts from rapid first-half gains to a steadier second-half pace yet broad positives persist. Job growth remains strong with about 400,000 new jobs monthly and a shrinking concern over rising rates as the money supply cools. Agricultural prices ease amid bumper crops and a eight-year high budget surplus supports cautious optimism for 1977 and 1978.
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