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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Feb 02, 1977
Page
4
The state braces for continued cold as Gov. Hunt declares a state of emergency to curb energy use. Local residents urged to cooperate with merchants and officials to conserve gas, easing shortages and price pressures across Piedmont communities.
Gov Jim Hunt backs faster trials and Sen McNeill Smith urges swift justice as the Legislative Research Commission proposes a 90 day trial window after arrest over five years. DA Ray Alexander cites overworked staff and rising caseloads while counties struggle to meet juvenile detention mandates amid debated reforms.
The piece notes regional and international price differences, citing higher costs in the North and in major cities versus the South and smaller towns. It discusses executives in Carter era policy, overseas assignment costs, and the 1976 Tax Reform Act reducing foreign income exclusions, raising tax bills for expatriates.
A conservative review condemns a Council on Wage and Price Stability study on federal regulation of the iron and steel industry. It argues 5000 regulations from 29 agencies have shifted control from private firms to public authorities, edging toward socialism through Fabian tac tics and prescriptive rules.
The Nixon tax audit progressed despite White House intervention aimed at quashing it. Internal Revenue Service officials recount pressure from officials including Donald Alexander and George Shultz, leading to rebuffed efforts and a complex case of alleged fraud versus negligence. The 1970 72 filings and backdating of gifts raised deductions, with a 1969 bill disputed due to statutes.
A veteran reporter recalls an aging source from Nixon and Ford days who claims to have hot leaks. The conversation shows shifting loyalties as the journalist explains the end of a long investigative friendship. The exchange ends with a plan to meet discreetly, but is deemed impossible.
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