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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 15, 1974
Page
2
A compact reflection card combining Nahum 2 1 urging vigilance and readiness with Theodore Roosevelt urging preparation. The pair emphasizes planning ahead to avoid trouble and to marshal inner strength.
Rae F. Watts appointed to lead the State Ports Authority at Wilmington and Morehead City as labor unrest and financial uncertainty grip the two facilities. He succeeds John W. Davis amid plans to privatize rail operations and ongoing internal rivalries hindering proper use of the ports.
Italian voters backed retaining the 1970 divorce law by about three to two, signaling a weakend Christian Democrats and possible collapse of Premier Rumor's coalition. The Vatican faced a setback as 68 percent in Rome favored the law, foreshadowing shifts in Italy's politics and social norms.
The 1974 first quarter shows falling labor productivity and real GNP while inflation and interest rates surge. Fed chair Burns says money supply growth will slow to a moderate pace as the discount rate rises to 8 percent. Prime rates top 11 percent, bond issues stay sluggish, and housing lending tightens as builders and buyers pull back.
Washington Merry-Go-Round reports Rep. Jim Wright and allies on the House Public Works Committee undermining the highway billban. The piece details pressure on federal enforcement, nudges toward more billboards, napkin notes to highway counsel, and lobbying by major advertisers and operators to negate scenic protections.
John Robinson's study from the University of Michigan analyzes how newspaper opinion shapes electoral behavior. It notes independents are highly influenced, TV news has subliminal effects, and endorsements can sway Republican and Democratic independents differently, with about a 3 to 50 percent impact in 1968 and 1972.
Washington argues oil embargo pressures Europe and Japan threaten global markets and raise raw material prices. It warns antitrust limits don’t apply across borders, external forces squeeze supplies, and inflation rises as nations form cartels. It stresses American workers and GM amid an economic war, urging nationalist protection for 80 million Americans.
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