Congress sharpened focus on Ford energy plan after recess
After a 10 day recess Congress returns to work on President Ford energy program as Ford met with Republican leaders to gain support for his oil imports tariff. A 12 member Republican Steering Committee dinner signaled backing and a likely veto override battle looms. The Democratic Task Force reports an alternative energy plan featuring a gasoline tax tied to unemployment and funds for research and conservation.
MENTIONED IN THIS ARTICLE
Washington
Congress
Ford
Republican Steering Committee
James A. McClure
Tdaho
Senate
McClure
John C. Pastore
D-R.l
Democratic Policy Committee
Robert C. Byrd
West Virginia
Policy Committee
Bank Cuts Prime Rate To 8.5 Percent At Chem Bank
Chemical Bank lowered its prime lending rate to 8.5 percent, a half point drop from 9 percent, effective immediately. The move, first among major banks, reflects weaker loan demand amid recession, signaling possible shifts in consumer and long term rates.
MENTIONED IN THIS ARTICLE
New York
Chemical Bank
Soviet MIG23s Reach Egypt in Limited Arms Move
U S intelligence reports six MIG23 Flogger fighters arrived in Alexandria aboard a Soviet freighter, the first significant Soviet weapons shipment since 1973. Analysts doubt a rapid arms shift but note Egypt seeks to upgrade air power amid distrust with Moscow and rival jet capabilities from France.
MENTIONED IN THIS ARTICLE
Washington
Russia
Egypt
U.S
Alexandria
Anwar Sadat
Israel
Chrysler posts record loss as 1974 sales fall
Chrysler Corp reports a 1974 loss of 52 million on 11 billion in sales, the worst year in its history, with a fourth quarter deficit of 73.5 million. To cover growing debts the firm arranged 1.075 billion in credit with about 200 banks. Chairman Lynn Townsend cited inflation, gasoline shortages, and weak consumer confidence as causes.
MENTIONED IN THIS ARTICLE
Detroit
Chrysler Corp
Chrysler
Lynn Townsend
U.S
General Motors
Ford Motor Co
American Motors
Townsend
John Riccardo
Citizens of the Year and Teacher of the Year awards set for March 14
Nominations for Citizen of the Year and Teacher of the Year awards may be submitted by Hempstead County residents or teachers. Nominations must be in writing with reasons and judged by a committee. Deadline is March 1 1975. Send to Hope Hempstead County Chamber of Commerce P O Box 250 Hope Ark 71801.
MENTIONED IN THIS ARTICLE
Chamber of Commerce
Hempstead County
Hope-Hempstead County
Proposals Aim to Expand Money Supply and Credit Control
WASHINGTON AP proposes to boost the money supply and empower the president and Fed to allocate credit. The bills, split into separate measures after talks between Reuss and Patman, face subcommittee and committee votes this week before potential House floor action next week.
MENTIONED IN THIS ARTICLE
Washingson
Federal Reserve Board
Fed
House Banking Committee
Henry S. Reuss
House
Wisconsin Democrat
Federal Reserve
Arthur F. Burns
Wright Patman
D-Tex
Reuss
Patman
Treasury
William E. Simon
Youth killed in El Dorado one car crash
El Dorado Ark AP reports a 19 year old El Dorado youth Richard Douglas Hall was killed Monday night when his car left Arkansas 167, struck a tree ten miles south of the city. Passenger 17 year old Danny Dowdy Williams was hospitalized. Hall’s death is the 78th road fatality of the year.
MENTIONED IN THIS ARTICLE
el Dorado
Ark
Here
Arkansas 167
Richard Douglas Hall
Danny Dowdy Williams
Union Memorial Hospital
Hall
Pine Bluff
Loyd A. Pearce
Pearce
Bill Moore
Jefferson County
Conway grand jury hears 15 witnesses
Conway Arkansas AP report on the Conway County Grand Jury hearing 15 witnesses in a bid to probe alleged fraud tied to the January 16 Democratic primary runoff for the 21st Senate district. Prosecutor Alex Streett seeks to overturn the grand jury’s legality while two witnesses’ names are kept confidential. The absentee and Ward I ballot boxes are subpoenaed. Glaze accuses Streett and him of a whitewash and potential indictments over missing affidavits. Stanley Russ defeated Bill Lawson in the election.
MENTIONED IN THIS ARTICLE
Morriston
Ark
Conway
State Senate
Alex Streett
Russellville
State Supreme Court
Streett
Circuit Court
Russell Roberts
Grand Jury
Tom Glaze
The
Election Laws Institute
Glaze
Roberts
Arkansas Supreme Court
Stanley Russ
Robert
Bill Lawson
Enola
Meany warns 10 percent unemployment by midsummer likely
AFL-CIO leader George Meany told reporters at the opening of the Executive Council meeting that a 10 percent jobless rate by midsummer is likely regardless of Congress and administration actions. He warned the recession could worsen, urged a large tax cut around 30 billion dollars, revived housing measures, and possible mortgage foreclosures moratorium.
MENTIONED IN THIS ARTICLE
Miami Beach
Afl-Cio
George Meany
Congress
Meany
Afl-Cio Executive Council
Ford
Alan Greenspan
Nixon
House
Ways’ Aid
Means Committee
Concerts canceled at Barton Coliseum amid drug concerns
Arkansas Livestock Show Association head E M Arnold canceled the only rock concert scheduled for the year at Barton Coliseum citing ongoing furor over alleged drug and alcohol use by youth. State Rep Art Givens had urged regulation while Arnold defended the decision as fair to promoters and the public.
MENTIONED IN THIS ARTICLE
Little Rock
Barton Coliseum
E. M. Arnold
The
Arkansas Livestock, Show Association
Art Givens
Sherwood
Coliseum
Arnold
Chicago
Concerts West, Inc
Dallas
Association
College salaries plan calls for 10000 hike in Arkansas
The Joint Budget Committee backs a plan to raise top executives at state universities by about 10000 next year, raising overall costs by over 90000 for nine major campuses. The biggest jumps go to DeC Bishop and the chancellors at Pine Bluff and Henderson, with other top raises for multiple U of A and state schools. Critics argue the boosts break with state pay trends and widen gaps versus neighboring states.
MENTIONED IN THIS ARTICLE
Little Rock
Joint Budget Committee
David Pryor
Legislative Council
SBHE
Council
University of Arkansas System
Pine Bluff
U of A
Henderson State University
Arkadelphia
Henderson
Monticello
Arkansas Tech
Russellville
Arkansas State
Jonesboro
Oes State
Magnolia
University of Central Arkansas
Onoway
UCA
State College of Arkansas
Robert Harvey
Swifton
Cochairman
ASU
UAPB
Harvey
Arkansas
Cyprus dispute heats as Greece accuses Turkey of population shift
The Greek Cypriot government charges that the northern Turkish Cypriot state is granting citizenship to about 40,000 Turkish invasion troops and their families. It asks the UN Security Council to meet to address the proclamation and to push for withdrawal of foreign troops and renewed negotiations. Norman Triegle, 47, renowned bass-baritone and longtime New York City Opera anchor, died in New Orleans. praised by critics as a premier singing actor.
MENTIONED IN THIS ARTICLE
United Nations, N.Y
Cyprus
United Nations Security Council
Huang Hua
Council
U.N
Kurt Waldheim
Ankara
Athens
New York
Turkey
Security Council
Norman Triegle
New Orleans
New York City
Lorenzen resigns to head Nashville center
Clayton M. Lorenzen resigns as superintendent of the Children's Colony in Arkadelphia effective March 16 to become Superintendent of the Cloverbottom Development Center in Nashville Tennessee. He joined the colony staff in January 1972. Arkansas public urged to back Senate Bill 30 to add consumer reps to licensing boards. A Fayetteville woman dies in a two car crash near Winslow as Gertie Scott, 63, is killed.
MENTIONED IN THIS ARTICLE
Arkadelphia
Ark
Clayton M. Lorenzen
Children's Colony
Cloverbottom Development Center
Nashville
Tenn
Lorenzen
Little Rock
Arkansas
Arkansas Consumers Research
Public Interest
Citizen Action
Also Mentioned on This Page
Shcreh
Thailand
Seni Pramoj
Democratic Party
Seni
Thai Assembly
Ae l
Uni
Winslow, Ark
Gertie ‘Scott
Fayetteville
U.S. 71
Jennifer Ann George
Winslow
Scott
Kansas
Virginia Beach
Charles Olson
Bob Hammond
Bill Mullenax
Mullenax
Interstate 30
David Hendershot
Allied Telephone Co
Holy Spirit
William S. Bishop
First Assembly
N. Main
God
Anthony Palma
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