20 Dec 1971
Page 1
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 20, 1971
Page
1
The Enterprise notes that base headquarters provide service member information to news centers, which relay it to home town newspapers. Families should contact the paper. the service does not automatically publish names unless supplied by base and the paper.
President Agha Mohammed Yahya Khan resigned after Pakistan’s defeat in war with India. Zulfikar Ali Bhutto was sworn in as president and chief martial law administrator, pledging unity and sovereignty while India’s actions remain a flashpoint. Bhutto’s party controls 82 of 138 West Pakistan seats.
North Vietnamese anti aircraft defenses including Soviet MIG21 interceptors shot down four U.S. F4 Phantom jets along the Laos border, the largest air loss for the U.S. in over three years. Two of eight crewmen were rescued. six remain missing as heavy rain hampered search efforts.
The performer on Longstreet Thursday plays a blind role as part of the act. Mr P B A confirms the portrayal is acting and not real blindness.
A reader asks about the remaining term of Look Magazine subscriptions. The reply notes the publisher will send a list of magazines to choose from to fill the unexpired term.
The text explains that placing steel traps where pets or people may be harmed is illegal within city limits and requires a license for trappers. Trapping must follow seasons in the N C Hunting and Trapping Regulations. Reports can be made to police or sheriff, or to the Guilford County Humane Society for investigation.
A reader reports brownies crack hard after cooling and asks for help with recipe or method. The answer suggests baking at 325 degrees as ovens may run hot. If tooth cracks persist, caller may provide name and address to receive a tested recipe. Also notes Bicentennial Tokens sold in High Point at Clinard Milling Co. and NCNB banks, per DeWitt Carroll.
The Group of Ten agreement to raise the official gold price to 38 dollars an ounce is expected to boost U.S. exports and lift production, potentially adding 0.5 to 0.75 million jobs while limiting short-term consumer impact. Foreign goods will cost more in the United States, and travel abroad or buying imports may rise in cost.
New York stocks jumped as the weekend agreement to devalue the dollar and realign foreign currencies was announced. Early trading saw record volume and the Dow Jones industrial average at 886.89, up 13.09 points at 11:30 a.m.
In the first hour on the New York Stock Exchange a record 8.87 million shares changed hands, topping the 8.56 million set on Aug 16 after Nixon announced the wage price freeze. Advances outpaced declines by over 10 to 1 amid expectations of currency realignments and foreign funds entering U.S. markets.
In Dacca, Bengalis avenge murdered relatives against the Bihari community as Indian troops try to curb the street violence. Guerillas using autos raid crowded areas, with bodies and mutilations reported around waterlogged clay pits. A mass grave was located. four bound men were bayoneted in a public setting.
Federal income tax cuts take effect January 1 boosting after tax income for most Americans with one wage earner benefiting most. Higher Social Security withholding and state taxes may offset some gains while standard exemptions rise to $750 for individuals and dependents in 1972 and the standard deduction increases to 15 percent or $2 000. Low income standards grow to $1 300. A potential issue arises for single earners seeking tax rate equity.
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