CIA Profits From Front Operations Revealed
CIA Director William E Colby told the House intelligence committee the agency made profits from Air America and a CIA pension fund. Air America is being disposed of while the fund operates with profits turned to the Treasury since 1973. Colby said most proprietaries were unprofitable but some were large. He defined proprietaries as commercial fronts controlled by the agency. The pension fund covers trusts annuities and insurance to keep sensitive activities discreet. Colby noted profits were previously kept and used to reduce appropriations, but later profits go to the Treasury. A Pentagon official cited a split over whether Egyptian troop movements indicated maneuvers or an attack. Hall refused to confirm if CIA was one of the two agencies involved.
MENTIONED IN THIS ARTICLE
Washington
Central Intelligence Agency
CIA
William .E. Colby
Colby
House Intelligence Committee
Air America
Southeast Asia
Treasury
Radio Free Europe
Pension Fund
U.S
Congress
Pentagon
Albert C. Hall
Defense
Hall
U .S
Doctor Says Hospitals Should Pay Surgeons
Dr George Crile Jr of the Cleveland Clinic argues fee for service warps judgment and urges hospital salaries for surgeons. He compares fee earned by surgeons to architects paid by project costs, speaking at an Association debate in Washington.
MENTIONED IN THIS ARTICLE
Washington
George Crile Jr
Cleveland Clinic
Crile
Association
Canada's First Transcontinental Train Reaches Winnipeg in 1886
A historic rail milestone marks Canada completing a transcontinental link as the first through train arrives in Winnipeg in 1886. The event underscored significant expansion by national rail and linked eastern and western provinces, shaping commerce and settlement along the route.
MENTIONED IN THIS ARTICLE
Canada
Winnipeg
Center Will Collect UFO Lighting Reports
New UFO Study Center in New York invites police to telephone in sightings via toll free switchboard. Dr. J. Allen Hynek, Northwestern astronomy professor and director, chairs the effort with scientists from about a dozen U.S. universities to analyze reports and study the phenomenon.
MENTIONED IN THIS ARTICLE
New York
J. Alien Hynek
Dr. Hynek
Tronomy
Northwestern University
Hynek
U.S
Corn Near Critical Stage Amid Dry Weather in Iowa
A Washington AP report notes prolonged dry weather hurting corn prospects with Iowa corn in mostly fair condition by August 3. The Agriculture Department says most damage is on rate planted corn in lighter soils as it prepares 1975 crop estimates due August 11 and cites a US corn crop forecast of 6.05 billion bushels, up 30 percent from last year.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Iowa
U.S
Ford to Sign Seven Year Extension of Voting Rights Act
President Ford will sign a seven year extension of the Voting Rights Act to prevent expiration at midnight. The measure expands coverage to 24 states with significant minority voting populations and preserves federal pre clearance of district changes. It maintains the nationwide ban on literacy tests and limits English only elections in certain language majority areas.
MENTIONED IN THIS ARTICLE
Washington
Ford
New York City
Texas
California
Colorado
House
Senate
Congress
Horoscope Humorous To Edward Gurney
Floridas former Sen Edward J Gurney laughed at a horoscope saying legal affairs need attention as he waits for a jury verdict in a federal conspiracy bribery and perjury trial. Co defendant Ralph Koontz and two FHA officials face charges over soliciting contributions for favored treatment while Gurney reads papers plays gin rummy with his attorney and talks with his daughters during the long deliberations.
MENTIONED IN THIS ARTICLE
G. M
Harmon
Associated Press
Tampa
Fla
Edward J. Gurney
Gurney
Florida Republican
Ralph Koontz
Federal Housing Administration
State Proposes Interstate Gas Pipeline Grid Plan
Two five month plans from November through April aim to ease gas shortages. North Carolina counsel urged an interstate pipeline grid at a Washington conference to blunt Transco curtailments. Transco seeks higher customer costs, while a federal appeals court orders quick FPC action on requests tied to gas records and shortages.
MENTIONED IN THIS ARTICLE
North Carolina
Washington
Morton L. Simons
Federal Power Commission
Transco
Commission
FPC
Frank Barragan
North Carolina Natural Gas Co
Simons
Ressa
Also Mentioned on This Page
Sears
Edward Gurney
Lego
Sandalfoot
B. C
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