High Point Debt Trends Echo NYC Warning
The city’s debt has risen since 1970 with only one year of net debt retirement. principal payments last year were 2.4 million, about 29 cents of a 83 cent tax rate. The Local Government Commission restricts borrowing and urges lower practical limits to guard against future tax-base erosion.
MENTIONED IN THIS ARTICLE
High Point
City Finance
New York City
New York
North Carolina
Local Government Commission
Stillwell
Licensing Bureau
Raleigh
Canada’s Trudeau imposes price and wage controls to fight inflation
Canada enacts phase based limits on wage increases and price rises as unemployment edges above 7 percent while the United States sees inflation climb past 9 percent. Trudeau cites oil exports and global upheaval, noting uneven results from controls and drawing comparisons with Nixon era policy.
MENTIONED IN THIS ARTICLE
United States
Canada
Pierre Trudeau
U.S
Trudeau
Tax Reform Strategies in Ford Plan Face Congressional Debate
The article outlines President Ford's proposed 28 billion dollar tax cut and 935 billion spending cap, with Congress deliberating the tax reform. Treasury Secretary Simon argues capital formation fights inflation while House Ways and Means, led by Ullman, targets tax shelters and minimum tax adjustments to raise revenue, amid industry warnings of higher prices.
MENTIONED IN THIS ARTICLE
Ford
Congress
House Ways Means Committee
White House
Treasury
William E. Simon
Ways and Means Committee
Ullman
High Point Museum to Permanently House King Tool Collection
Dr. M. R. King of Martinsburg Va. plans a permanent loan of his $100,000 collection of early American woodworking tools to the High Point Museum. The corpus, one of the world’s largest, includes saws planes chisels and joiners and spans from the 1700s to the early 20th century.
MENTIONED IN THIS ARTICLE
High Point Museum
M. R. King
Martinsburg
John Bauckman
King
Peter Thurston
High Point
Congressman Preyer Replies To Constituent Letter
A reader thanks the editor for printing a reply from U S Congress member Richardson Preyer dated Oct 14. The letter discusses economic strain from inflation and recession, detente with caution, federal versus local welfare roles, HEW restructuring, social security, education funding, highway priorities, and food stamp program tightening with stricter enforcement.
MENTIONED IN THIS ARTICLE
Congressman Preyer
Robert R. Fountain
Westwood Ave
Department of Health and of Education
Reader endorses drastic policy shifts and Fountain to Washington
A writer backs R R Fountain and proposes bold actions including drafting him to Washington. He urges ousting incumbents, replacing policy with a tax overhaul, welfare birth control conditions, a constitutional cap on annual spending, and foreign aid only from year end surpluses. He vows to repeat support if Fountain does well.
MENTIONED IN THIS ARTICLE
R. R. Fountain
Mr. Fountain
Washington
Sonal
Fountain
Critics Debate Century Film and Enduring Football Careers
Senators weigh critic buzz as film hailed as the century’s best is later deemed a terrible flop. Veterans admit football careers fade, while ordinary fans question endless viewing. Potential for shifting public opinion and sports nostalgia emerges.
MENTIONED IN THIS ARTICLE
Turkey
Nuclear Plant Deal Raises Caution For High Point
A reader voices concern over a 1.2 billion nuclear plant proposal involving High Point and 78 co-owners. The letter cautions that city officials must avoid a costly, uncontrollable monster, urging reliance on solvable local problems and scrutiny of financing, environment, and expertise.
MENTIONED IN THIS ARTICLE
High Point
State Utilities Commission
Duke Power
Cp&l
Duke Power Co
Duke Power Company
Also Mentioned on This Page
Nixon
Simon
Ways and
al Aliman
Defc
David Parker
AMF Hatteras Yachts
Stamford
Hatteras
Parker
Southern Furniture Market Center
Chatham
Quaker Fabric Corp
Deering-Milliken
Rossville Mills
Grimes of America
J. P., Stevens & Co
Collins & Aikman
Texas Industries
Grant G. Simmons Jr
Simmons Co
Gotham
Atlanta
Deane Brink
John J. Stillwell
Statewide Exchange Club
Thomasville
High Point Memorial Hospital
Howard Easter
High Point Theatre
Arthur Smith
Susan Rowe
Unc-Chapel Hill
AMA
Soviet Union
Richardson Preyer
U.S. Congress
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