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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Apr 26, 1975
Page
4
President Ford urged Congress to extend the federal revenue sharing program for nearly six years and authorize about 39.85 billion dollars to state and local governments. He called for reforms including citizen input, anti discrimination controls, and revised distribution rules to aid financially hard pressed areas.
The Air Transport Association reports that full deregulation could end or sharply cut 1820 nonstop routes nationwide. ATA notes 372 of 994 trunk routes could vanish, with 622 curtailed, while 826 of 2093 regional routes now subsidized by the government might also fail to survive.
FCC chairman Richard E. Wiley announced that starting this fall the first two hours of prime time will be reserved for programs suitable for the entire family. The remaining prime time may show adult themes with warnings and prior notices for disturbing content.
VW, West Germany's largest auto maker, said last year’s losses totaled 232 million dollars after a sales slump hit exports. The firm had approved plans to cut about 25,000 workers, aiming to reduce domestic staff to 112,000 by year end to restore profitability.
In 1974 adult Americans increased alcohol consumption by 2.3 percent while total alcoholic beverage sales rose to 29.3 billion dollars. Per capita use reached 3.11 gallons, with tax collections totaling 9 billion dollars. Distilled spirits and beer and wine taxes covered 6 and 3 billion respectively.
In Pittsburgh a team of local scientists reports a possible link between alcoholism and sterility in men. Dr. Joshua Perper and colleagues from the University of Pittsburgh epidemiology department and the Allegheny County coroner’s office describe observations of testicular atrophy among many alcoholics, suggesting a higher-than-normal likelihood of sterility in severe cases. The researchers stop short of firm conclusions, noting impotence rates may also be affected.
The U S government raises the ceiling on federally insured home loans by half a point to 8.5 percent citing market pressures from Treasury financing. At a recent Fannie Mae auction lenders yielded just over 9 percent, raising upfront points on a 35000 mortgage and monthly payments by about 12 dollars.
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