Independent agency urged to regulate all commodities futures
Comptroller General Elmer B Staats urged creating an independent commission to oversee all futures trading after GAO findings of inadequate regulation by the Agriculture Department’s CEA. House and Senate debates shift toward a fully independent agency with budget control, while watchdogs call for stricter rules and disclosure. The administration opposes, and final GAO timing remains unsettled.
MENTIONED IN THIS ARTICLE
Brian B. King
Associated Press
Washington (Ap
Elmer B. Staats
Nixon
Commodity Exchanges
General Accounting Office
Staats
Agriculture Department
Commodity Exchange Authority
CEA
GAO
Securities and Exchange Commission
Congress
Department of Agriculture
Dick Clark
Drowa
GAQ
Congress’ Investigative Agency
House
Senate
Senate Agriculture Committee
Agriculture
USDA
Commission
Robert Dole
Texas Primary Light Turnout Expected Despite Rematch
In the Texas Democratic governor race Frances Farenthold runs again against Dolph Briscoe while Steve Alexander and W H Pose seek, with Jim Grandberry favored over Odell McBrayer for the GOP nomination. Twelve Democratic and two Republican House contests accompany a statewide turnout projected at about 2 million of 5.3 million registered voters.
MENTIONED IN THIS ARTICLE
Dallas
Frances “Sissy” Farenthold
Dolph Briscoe
Steve Alexander
W.H. Pose
Jim Grandberry
Odell McBrayer
GOP
Granberry
U.S
Texas
Briscoe
Farenthold
Alexander
Waco
Posey
Houston
Lubbock
McBrayer
Fort Worth
Kidnap Suspect Shot After Abduction Case
James W. Johnson 36, tied to the March abduction of Eunice Kronholm of South St. Paul, was shot in the head on a highway near Minneapolis early Saturday and is in fair but stable condition. Police have no suspects or motive, and Johnson faces state and federal charges in the case.
MENTIONED IN THIS ARTICLE
Minneapolis, Minn
Lakeville
Minneapolis-St. Paul
James W. Johnson
Eunice Kronholm
South St. Paul
University of Minnesota
Johnson
Kronholm
Gunnar
Drovers State Bank
Thomas G. Hodgman
Shultz Leaves Treasury as Simon Prepares to Take Over
Former energy secretary William E. Simon wins Senate confirmation to become secretary of the treasury while George P. Shultz departs after five challenging years. Shultz cites frustration with Washington tactics and inflation remains a central issue as Simon inherits the economic headaches and a sagging economy with unemployment around 5 percent.
MENTIONED IN THIS ARTICLE
Ri Gregory Nokes
Associated Press
Washington
William E. Simon
George P. Shultz
Treasury
Shultz
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