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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Sep 22, 1970
Page
4
Money managers push expansion to fund factory growth as banks attract deposits after Fed eased ceilings. Argus forecasts 8 percent GNP growth to cut unemployment, with monetary growth at 6 to 7 percent and a 1.25 point drop in prime rate to spur capital spending and industry expansion.
Senate subcommittee chair Senator Hart unveils a bill to base auto insurance and repair costs on vehicle crash repairability. The plan, inspired by Sweden, would require makers to inform buyers about model resilience and let insurers lower premiums for cars with lower repair costs. Also cites $10 billion yearly wasted on unnecessary repairs and notes insurers already test crash data.
Belgrade news highlights a liberal shift with a booming tourism sector. Private enterprise expands, Western magazines circulate, and students push reforms as Yugoslavia decentralizes five year plans.
Vice President Spiro Agnew faces accusations of pressuring shipping executives to fund Stan Blair’s Maryland gubernatorial campaign. Helen Bentley allegedly solicited favors from the industry she regulates and attended a Blair fundraiser in New York. Internal efforts included calls and letters soliciting contributions in Agnew’s name, with Jones authorized to solicit on his behalf. Insiders say Agnew aims to boost Republican power in Maryland.
The president maintains a two-in-one day on work days whether at the White House or during vacations in California and Florida. He relies on option papers and increasingly uses phone inquiries for rapid answers. Separately, industry officials warn fuel shortages loom unless coal gas and oil prices rise, urging higher prices to spur exploration amid Middle East tensions and pollution concerns.
Guest columnist Myra Stitzel argues pollution is a dangerous, widespread threat from pesticides to automobiles. She warns of pesticide residues in food, cancer risks in animals, and the greenhouse effect from carbon dioxide, urging stronger pollution controls and reduced domestic emissions.
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