Ford seeks record peacetime deficit and warns of a recession
President Ford asked Congress for a record peacetime deficit of 52 billion dollars in fiscal 1976 and released an economic report portraying a bleak fiscal health. He urged swift, painful measures, projected unemployment rising and inflation near nine percent, with a path to growth and energy self reliance.
MENTIONED IN THIS ARTICLE
Washington
Ford
Congress
Plain Truth
America
Song Ys
Rep. al. Ullman
Two Arkadelphia men held in connection with holdup
Two Arkadelphia men Benny Warmack age 23 and Bruce Arndt age 21 are jailed in Hempstead County after the Friday bank robbery at Bank of Blevins. Deputies tracked them to a wooded area 3.5 miles west of Blevins and recovered about 6007 dollars by Saturday night. The investigation continues under Sheriff Henry Singard.
MENTIONED IN THIS ARTICLE
Blevins
Ark
Hempstead
Bank of Blevins
Lenda Wilson
Hempstead County
Benny Warmack
Bruce Arndt
Arkadelphia
Sheriff Singard
Economy braces for bigger shocks in 1975 budget forecast
Washington predicts a worsened recession with unemployment averaging 8.1 percent in 1975, inflation around 11.3 percent, and GNP down 3.3 percent. Budget Director Roy L. Ash said recovery will be slow, with unemployment near 8 percent through much of 1976, and inflation easing gradually to 4 percent by 1980.
MENTIONED IN THIS ARTICLE
Henry Bellmon
Oklahoma
Senate Budget Committee
Ford
Johnson
Bellman
Washington
Ford Administration
Congress
Newsmen
Roy L. Ash
Ash
White House
Punxsutawney Phil Fails To See Shadow On Groundhog Day
Punxsutawney Phil did not see his shadow at Gobbler's Knob on Groundhog Day marking the first non-shadow event in 15 years. Spectators noted clear frosty weather as Phil emerged from his burrow at 7:31 a.m. Local club head Elaine Light called it the only good news in some time. In Quarryville a separate groundhog also failed to see a shadow amid a brief snowstorm.
MENTIONED IN THIS ARTICLE
Punxsutawney, Pa
Phil
Elaine Light
Sam
Punxsutawney Groundhog Club
Gobbler
Punxsutawney
Quarryville
Robert Herr
Pryor readies legislative package with key exceptions
Gov. David Pryor nears delivery of his full legislative package as the 70th General Assembly starts, excluding the constitutional convention bill he signed. The package includes sewer grants, natural area preservation, ethics for officials, elderly aid, and new programs for first offenders. ERA ratification and school teacher of collective bargaining remain contentious with uncertain fate.
MENTIONED IN THIS ARTICLE
Little Rock
General Assembly
David Pryor
Pryor
Senate
Ford tariff and food stamp measures face Congress this week
Congress prepares to block Ford's $1 to $3 oil import tariff plan and food stamp price rise. House votes Tuesday on freezing food stamp costs and Wednesday or Thursday on 90 day tariff suspension. Senate already created a select committee to probe CIA FBI surveillance. Ford budget at 349 billion dollars for next year faces study. Ways and Means aims to attach blocking measure to debt limit increase.
MENTIONED IN THIS ARTICLE
House
Senate
Congress
Ford
White House
Ways and Means
A Ullman
D-Ore
Ways and Means Committee
Treasury Department
Supreme Court overturns Russey murder conviction
Arkansas high court reversed Millard J. Russey’s first degree murder conviction while upholding codefendant Willie Way Jr.’s and affirmed Kenneth Brazle’s murder conviction in Union County. The ruling found prej udicial error in admitting an alleged confession without complete officer testimony, noting coercion claims and missing interrogating officers. Carter’s 1973 grocery store holdup death was the underlying crime.
MENTIONED IN THIS ARTICLE
Little Rock
State Supreme Court
Millard J. Russey
Russey
Willie Way Jr
James B. Carter
Carter
Richard B. Adkisson
Pulaski County Circuit Court
Adkisson
Con
Frank Holt
Supreme Court
Thieu closes five opposition newspapers in Saigon
In Saigon, the Thieu government shut five opposition papers and arrested 19 officials and staff as Communist infiltrators. The ban targeted Sunday editions over reports of corruption and malfeasance against Thieu by Father Tran Huu Thanh. Officials cited charges of Communist activity amid disputed evidence.
MENTIONED IN THIS ARTICLE
Saigon
South Vietnam
Nguyen van Thieu
Thieu
Tran Huu Thanh
Also Mentioned on This Page
Oval Office
Ures
Pobys
Ofc
Ullman
Defense
Ae Ford
Public Health, Welfare and Labor Committee
Robert Johnston
Hope
Harper Smith
Fair Park
Billy Burton
Centennial Committee
Melonaires
Arkadelphia Community Theater
Centennial
Centennial Beiles
Urday
U.S
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