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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Nov 29, 1971
Page
4
Mrs C H Lockwood and Vic David A Rawley Jr are listed as vice president in a local roster or notice, indicating their roles within an organization or committee. The fragment provides names and titles but lacks broader context or details about the institution involved.
Treasury Secretary Connally leads US in Rome to seal a world monetary settlement. Talks involve major powers seeking upward currency adjustments and trading concessions to lift the 10 percent import tax and ease the international money stalemate.
After 25 years in politics George Wallace shows signs of softening his hardline stance on race. He cites nearby governors like Carter and Askew as moderates and vows to run for president in 1972 with support from moderate southern leaders. He notes non-discrimination policy in Alabama and recognizes busing and freedom of choice as new battlegrounds.
Canada reacts with alarm as President Nixon imposes an 10 percent import surcharge. Ottawa forecasts 2.5 to 3 billion dollars hit to exports, while unemployment climbs and subsidies are pledged. Trudeau and Connally clash over exemptions amid a broader bid to protect Canada from American intervention.
A secret Senate study funded by Sen. William Proxmire accuses President Nixon of undermining Phase II goals by favoritism to oil giants. The document cites higher pump prices, quotas, subsidies, and broad oil-company advantages aimed at protecting major firms and limiting competition.
The piece cites a study condemning oil company tax loopholes that favor Big Oil and calls for tightening taxes to save taxpayers over a billion dollars. It notes Senate support for a 7 percent investment tax credit for oil, while also detailing a broad Army crackdown on discipline and conduct from haircuts to possible mass actions, with mixed clarity on enforcement and abuse risks.
Long-awaited city project moves forward as bids for the new municipal building open December 15, with prior bond funding and rising costs noted. Traffic upgrades in Archdale area receive emphasis from Highway Commissioner Lynwood Smith while concerns about unsolved local crimes and public tips programs prompt reader questions and commentary.
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