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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 31, 1974
Page
2
The 1974 Legislature enacted a new rule effective at midnight making driving with a blood alcohol content of .10 percent or more illegal. The law standardizes penalties and relies on Breathalyzer results, aiming to curb drunken driving and deter future offenses.
The piece reflects on Ford's early presidency as a honeymoon ended. It notes declining public confidence despite faith in his honesty, awaits his State of the Union address to outline action. It discusses monetary policy, taxation, and the failed energy and economic responses of the prior era. The public pressure is clear: do something substantive.
Government officials and foreign speculators foresee a flood of Americans buying gold after the private ownership ban expired. European observers expect price gains while many economists warn of a credit squeeze as deposits shift from banks to gold. Federal Reserve Chair Arthur F Burns urges a six month extension to avoid destabilizing housing and capital spending.
The piece examines gold as an investment despite costs and volatile prices, noting a U.S. plan to sell two million ounces beginning Jan. 6 that surprised markets. It highlights gold's rarity and appeal, cites a Financial Times columnist urging recognition of gold's dominance, and notes rumors of oil producers buying the offering.
The report reveals decades of misled civilian leaders and simplified intelligence on nuclear issues. It cites Rand and IDA studies and details episodes such as Quemoy Matsu, Laos, Berlin, Cuba, and Vietnam crises, where overhyped or distorted data risked U.S. decisions and safety.
A reflective column surveys 1974’s highs and lows, urges optimism for 1975, and muses on the century turn. It cites global events, personal hope, and practical adages, ending with questions about when the 21st century begins and quirky notes on pop culture plans.
A Washington opinion piece argues the CIA violated its legal bounds by operating domestically. It claims law restrictions exist, likens such actions to totalitarian policing, and suggests high level involvement with Hanoi. It discusses FBI CIA tensions, Logan Act questions, and possible jail for implicated officials.
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