Inflation Threat to Expansion Warns Simon in OECD
Paris AP reports Treasury Secretary William E. Simon warned at OECD that a new inflation round is the greatest threat to sustained growth among industrialized nations. He urged public understanding of inflation’s harms and a liberal trade policy to foster international investment, predicting US inflation near 5 percent and unemployment below 7 percent by year end.
MENTIONED IN THIS ARTICLE
Paris
Treasury
William E. Simon
United States
Simon
Food costs push consumer prices up in May
The Labor Department reports May inflation at 0.6 percent, raising the annual rate to 7.2 percent. Food prices rose 1 percent with beef up 5.2 percent, cereal and bakery costs up 0.7 percent, and gasoline at 58 cents a gallon. Other goods and services climbed 0.6 percent, while spendable earnings rose 1.2 percent in May.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Will and witnesses legal questions and abortion clinic details
A reader asks about probate validity when two of three witnesses are dead and a will. A clerk says it may be easier to re-witness but not required. signatures of deceased can be verified. Also covered are pond moss control methods with cautions on copper sulfate, fertilizers, and wildlife habitat. Finally, abortion clinic options in North Carolina with locations and contacts.
MENTIONED IN THIS ARTICLE
Anon. A
Soil Conservation Service
North Carolina
Ano. A
Forsyth
Winston-Salem
Baptist Hospital
Maplewood
Rel
Charlotte
Hallmark Clinic
E. Morehead
Children's Home Society
Greensboro
Democrats approve payroll scrutiny and panel overhaul
Democratic leaders approved regular public accounting of House employees duties after a scandal involving former Administration Committee chairman Wayne Hays. The Steering and Policy Committee nominated Rep. Frank Thompson to replace Hays and backed stripping the panel of staff and travel powers. The moves, urged by Rep. David Obey, aim to curb misuse of funds and protect members from innuendo. The speaker would appoint all Democratic members of the Administration Committee.
MENTIONED IN THIS ARTICLE
Washington
House of Representatives
Administration Committee
Democratic
House Party
Frank Thompson
New Jersey
Wayne Hays
Ohio
Hays
Thompson
David Obey
House
Congress
Obey
Carl Albert
Christian Democrats Hold Ground as Communists Gain in Italy
In Rome and across Italy, the Christian Democrats retained power but failed to secure a parliamentary majority as Communists made notable gains. The result complicates formation of a stable government amid economic strains and ongoing NATO dynamics. Market optimism faded as political uncertainty persisted.
MENTIONED IN THIS ARTICLE
Rome
Italy
Christian Democrats
Moscow
Washington
NATO
Democrats
Lira
Milan
King Kong Lives Again at World Trade Center Scene
An apparent 40 foot gorilla dummy falls from the World Trade Center in New York as Dawn the captive actress Jessica Lange appears nearby. A crowd of about 5 000 watches while the actual stunt is done with a mechanical monster in Hollywood. The scene will be reshot at night with a three shot schedule costing about 250 000 dollars.
MENTIONED IN THIS ARTICLE
New York
World Trade Center
Dawn
Jessica Lange
Dino de Laurentiis
Hollywood
Ford Sees Italy Vote Preserving Democracy Abroad
President Ford, aiming for a first ballot GOP nomination win at the August convention, said Italy's election results offer a chance to preserve democratic government there. He spoke in Indianapolis under rain at Weir Cook Airport during a nonpolitical Jaycees event. An aide noted no political mission planned before Kansas City, and Nelsen said Ford would not comment beyond acknowledging Italy’s noncommunist and nonfascist parties won a majority.
MENTIONED IN THIS ARTICLE
Indianapolis
Ind
Ford
Italy
WeirCook
Kansas City
White House
Jaycees
Washington
Ron Nelsen
Christian Democrats
Uncommitted Delegates Key To Nomination
President Ford and Ronald Reagan will miss the needed delegates as seven states select last delegates. 159 uncommitted delegates remain in play, with Ford in Indiana and Reagan at home in California. Betty Ford to appear at Minnesota GOP convention. Carter tours northeast for fundraisers to cut a campaign debt. Governor Ray of Iowa notes both candidates short of required delegates.
MENTIONED IN THIS ARTICLE
Terry Ryan
Associated Press
Ford
Ronald Reagan
Indiana
Reagan
California
Jaycees
Indianapolis
White House
Norfolk
Betty Ford
St. Paul
Iowa
Rob Lipshutz
Washington
Robert D. Ray
Republican Platform Committee
Also Mentioned on This Page
Socialists
Social Democrats
Republcans
Chamber of Deputies
Giuseppe Saragal
Social Democratic Party
Saragat
Mario Tanassi
Giovanni Mosca
Socialist Party
Senate
Chamber
Tass
Vatican
Romeo Pancroli
Rtsaneene S48
King Kong
Faye Wray
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