Nixon Forecasts Mid-Year Economic Turn Amid Inflation
President Nixon's annual economic report warns of rising prices and joblessness through mid-year with inflation possibly peaking at 6 percent in 1974. The outlook cites 5.5 percent unemployment on average, near 6 percent early in the year, as growth stays around 1 percent. The budget projects a 1975 deficit of 9.4 billion and defense at 87.7 billion, with wage price controls phased out and energy prices rising before a later slowdown.
MENTIONED IN THIS ARTICLE
Bill Neikirk
Associated Press
Washington
Nix
Nixon
Congress
Council
Herbert Stein
Fuel Shortage Blamed for Jobs Dip and Rising Unemployment
The Labor Department linked a fuel shortage to a sharp rise in January unemployment from 4.8 to 5.2 percent, with about 370,000 job losses across aviation, automotive, and recreation sectors. Total unemployment reached 4.7 million, led by teens and young adults, as policymakers warned of a worsening year ahead.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
White House
Bureau of Labor Statistics
Family limits on dating and teen work permits advice
A teen asks about dating restrictions and running away. Advice urges nonflight, suggests compromise with parents. Also includes local notices: Green Stamps center address, work permit details for ages 14 to 8, ICC regulations contact, and Raleigh museum hours plus a 1944 High School reunion planning notice.
MENTIONED IN THIS ARTICLE
High Point
Central) High School
Masonic Temple
S. Main St
Herman Crawford
Stanley Shavitz
Order Issued Against Truckers in Nationwide Protest
A federal judge in Cleveland issued a temporary restraining order against George R. Ryan and others linked to the Council of Independent Truckers as a nationwide trucker stoppage grows. The suit seeks 2.5 million dollars daily in damages and a Feb. 7 hearing. Reports span more than 20 states with scattered incidents including injuries and one fatality in Pennsylvania.
MENTIONED IN THIS ARTICLE
Associated Press
AYS
Council of Independent Truckers
Tennessee
Pennsylvania
Kentucky
Alabama
Cleveland
Ohio
U.S. District Court
Leroy J. Contie, Jr
National Steel Carriers Association
George R. Ryan
Steel Carrier Association
East
South
Appalachia
Midwest
California
Arizona
Secret Watergate Handling Criticized By Ex Nixon Aide
Former White House speechwriter John K. Andrews Jr. accused President Nixon and his aides of handling Watergate behind closed doors. He said this damaged the presidency and that the American people have been asked to swallow concerns about presidential integrity while Nixon and his aides worked out the Watergate crisis.
MENTIONED IN THIS ARTICLE
Gaylord Shaw
Associated Press
Washington (Ap
White House
John K. Andrews Jr
Nixon
Andrews
Washington Post
Henry A. Kissinger
Alexander M. Haig Jr
Ronald L. Ziegler
Post
Wholesale Gas Prices Rise Across Major Firms
Continental Oil and Shell Oil join Mobil and Standard Oil of Ohio in announcing wholesale gasoline price hikes effective February. Continental boosts by four cents per gallon while Shell raises by 2.8 percent, plus diesel and heating oil up 2.2 percent. Mobil adds three cents and Standard Oil of Ohio 5.4 cents per gallon, as the industry faces a broad price increase amid ongoing market pressure.
MENTIONED IN THIS ARTICLE
Continental Oil Co
Shell Oil Co
Continental
Shell
Mobil Oil
Standard Oil of
Ohio
Fire sweeps Sao Paulo bank building trapping workers
A 22 story bank building in Sao Paulo suffered a major fire forcing workers to jump from upper floors. Estimates ranged from 10 to 35 dead with more than 20 injured as helicopters ferried survivors from the roof while flames raged through 14 occupied levels.
MENTIONED IN THIS ARTICLE
William R. Long
Associated Press
Sao Paulo, Brazil
Sao Paulo
Health plan would cap costs at 1500 dollars a year
Nixon administration estimates a national health insurance plan would limit yearly medical expenses to 1500 dollars per individual with a monthly premium around six to seven dollars for a single earner and about nineteen dollars for a family. The plan varies by coverage level and could include maternity care dental costs for children and eyeglasses.
MENTIONED IN THIS ARTICLE
G. David Wallace
Associated Press
Washington
Nixon
Caspar W. Weinberger
Health, Education and Welfare
Congress
Weinberger
Gas Price Variations Across States Revealed By AP Check
An Associated Press road check shows lowest regular gas around 40 cents in Louisiana Arkansas Georgia Kentucky Tennessee Indiana Texas and Wisconsin while Alaska pays 58.9 to 62 cents for regular and up to 62 cents for premium. Premium prices above 56 cents common in many states. Shortages, lines, and reduced allocations cited. Northeast hardest hit. Some states see no lines, abundant supply due to weak tourism in the West.
MENTIONED IN THIS ARTICLE
Associated Press
Alaska
Louisiana
Arkansas
Georgia
Kentucky
Tennessee
Indiana
Texas
Wisconsin
Helena
Mont
Also Mentioned on This Page
Council of Economic Advisers
Gerald English
Sanders Memorial Elementary School
Land O’lakes
Florida
Greensboro
S. A
S&h
Green Stamps
East Wendover Dr
M. A
Guilford County
ICC
B. A
Interstate Commerce Commission
James B. Weber
Peachtree N.W
Atlanta
Historical Museum
State Historical Museum
Raleigh
Anon. A. John Hamilton
High Paint Museum
N.C. Museum of History
E. Jones St
Department of Archives and History
Milton Shapp
National Guard
New Jersey
Appalachian
THE
Mobil
Terevessenrs
LSB Women’s News
Connecticut
Hawaii
Illinois
Maryland
Michigan
Mississippi
Nebraska
Nevada
Virginia
Utah
Wyoming
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