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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 14, 1970
Page
4
U S and Soviet pressure map a path toward peace amid Israel Egypt and Arab nations. Ebbing brinkmanship shows Washington and Moscow backing away from war with Nasser and Eban urging talks before withdrawal. The dramatic standoff risks escalation if negotiations fail.
A 1961 price fixing scandal and Penn Central bankruptcy highlight risks to free enterprise. The judge denounces the electricity executives while Penn Central’s collapse shakes markets, affecting banks funds and university endowments. Reform and bailout questions linger as creditors seek orderly reorganization.
Congress protests prison abuses in U S sentences, citing reports from Ohio Penitentiary including beatings and Mace sprays. Ohio Corrections head Koblentz and Warden Cardwell deny brutality. Separate items note Gerald Ford's Hall speech donation and White House reflections on ads and Cambodian shrines.
Federal cutbacks on construction lift High Point Post Office bids to the front burner with rescheduled re bidding in fiscal 1970. Senator Jordan and liaison Walter Harris pledge prompt advertising dates. Other notes cover Camp Cheerio, ACA accreditation, J C Penney remodeling, Four Seasons Holiday Inn opening, local hotel expansion, and Census Bureau employment survey details.
A study by Carol Kurtis for the Research Institute of America and released by the New York Chamber of Commerce finds drug use rising across major firms. Of 50 companies checked 45 reported incidents with users in lobbies on the job and even deaths on corporate premises. A major bank reported one addict per week in 1969. The electric machinery maker logged 60 cases last year and a utilities firm 78. the telephone company nearly 500 among 100 000 employees.
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