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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jun 29, 1975
Page
3
Americans adapted to economic shrinking from the 1960s through the 1970s by cutting back and learning to live within means. Savings rose to about 9 percent, installment debt fell, and demand for essentials grew as businesses shifted to efficiency and cost consciousness. The era spurred nutrition awareness, fuel economy, and products aimed at basic needs, with government tax cuts and adaptable responses amid distress.
WEST LAFAYETTE Ind AP marriage expert Dr Wallace Denton of Purdue says couples need more good fights. He urges sticking to one subject, choosing a good time to argue, not quitting mid quarrel, and letting minor issues drop to protect the relationship.
Ervin Insurance Inc and Wesson Insurance Service Inc announce a merger forming Ervin Insurance Services Inc with William G. Ervin as president and Ray B. Wesson as vice president. Wesson’s North Queensland offices closed. operations move to Ervin offices at 406 Lindsay St.
North American Newspaper Alliance reports economists at Manufacturers' Hanover NY doubt a rapid rebound. Automobiles and housing lose stimulus. unemployment high, inflation up, and banking illiquidity persist. Kellner forecasts a slow start lasting about 33 months unless policy changes. Dow earnings may fall 26 percent. five years before a new peak. Sindlinger poll warns market risks from inexperienced investors.
The Dow Jones average closed at 873.12 on Friday, up 17.68 from the prior week, while the Associated Press average rose to 283.8, up 5.3. Brokers credit the gain to signs the recession has bottomed, though rate rises may slow rallies.
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