Senate Rejects Federal Pay Increases for Congress and Officials
The Senate killed Nixon's proposed 7.5 percent pay raises for Congress judges and top executives, voting 67-31 to disapprove under the 1967 law. A review of the law by Senate committee chair Gale McGee will decide whether to revise or scrap the framework.
MENTIONED IN THIS ARTICLE
Washington
Senate
Congress
Hugh Scott
Nixon
House
Supreme Court
Gale McGee
D-Wyo
Senate Post Office and Civil Service Committee
Hartford ITT Merger Reversed in IRS Ruling
New York report states the IRS revoked the 1969 ruling that allowed International Telephone and Telegraph to acquire Hartford Fire Insurance. The retroactive action could expose Hartford stockholders and ITT to $30 million to $100 million in avoided capital gains taxes. ITT plans trading suspensions as it seeks court validation of the exchange’s tax-free nature.
MENTIONED IN THIS ARTICLE
New York
International Telephone & Telegraph Corp
Hartford Fire Insurance Co
Internal Revenue Service
U.S
Hartford
ITT
IRS
Washington
Avis, Inc
U S In Recession Say Finance Experts
Finance professors at Wharton forecast the United States is already in a recession and will persist into the first half of the year. The assertion comes from a team at the Wharton School in Philadelphia.
MENTIONED IN THIS ARTICLE
U.S
Philadelphia
United States
Wharton School
Wharton
University of
Pennsylvania
College of Finance
George R. Green
Prison Escapee Takes Hostages in Florida
An armed state-prison escapee fled from a Gainesville hospital transfer with two inmates, taking a medical technician and another inmate hostage before escaping in a prison wagon. He released the technician and Mayo near Jacksonville. guards were later freed. Police hunted Allen Blackburn and Arthur Mayo across Florida.
MENTIONED IN THIS ARTICLE
Lake Butler
Fla
Allen Neal Blackburn
Walterboro
D.C
Arthur Lee Mayo
Tampa
Raiford
Gainesville
Blackburn
South Carolina
Jacksonville
R.W. Strickler
James Tompkins
Tompkins
C.B. Hatton
U.S. 301
Lawtey
Stanley West
F.D. Spears
Mayo
Strickler
Inter- Jachen
Putnam County
Wheat Warnings Persist From Bakers During Shortage Fears
Chicago AP report says baking industry leaders warn of a wheat shortage despite denials by the Agriculture Department and the American Farm Bureau. Robert J. Wager of the American Bakers Association says bakers need 250 to 300 million bushels April through June to avoid disruption, contests the government carryover forecast, and calls for delaying U.S. wheat shipments to foreign buyers until after July 1.
MENTIONED IN THIS ARTICLE
Chicago
Agriculture Department
American Farm Bureau Federation
Robert J. Wager
American Bakers Association
Earl L. Butz
U.S
Also Mentioned on This Page
IRS New York
Justice Department
Artford Fire
Green
High Point
Grace Flower Shop
North Wrenn
Westwood Phone
Byr Medical Arts Pharmacy
Randolph, Thomasville
Westchester
Santina
Kemper
Iinsurance
John C. Pierce
Kemper Insurance Company
Tea Kerra
Michael H. Smith
High Point Bank and Trust Insurance Department
Main Street
Deel Insurance
Stephenson Finance
Consumer Credit
Linden Ave
Amer
H.P
Heritage
H.P. Love
Thayer-Coggin
Kay Lyn
Thayer Coggin Swivel
H.P. Sofa
Amer. of H.P
Globe
Rose Furniture CO
Hibriten
Stanley
Thomasville
Norris
Vaughn
Empire
Sale
Burlington
Bassett
Unmhaletan
N.C.N.B. Bank Americaid
S. Elm ST
Vestal
Kester Brothers & Sons
Furniture Co
EDI