Arab oil money buying up the U S defense industry
Washington officials warn Arab oil nations may amass over a trillion dollars in petrodollars within a decade and invest in U S defense and other key sectors. Analysts cite Iran’s $15 million Krupp stake and large defense purchases as possible signs of broader influence ahead.
MENTIONED IN THIS ARTICLE
State Department
Office of Investment Affairs
United States
World Bank
Treasuries
Organization of Petroleum Exporting Countries
Washington
New York
Departments of State, Defense and Commerce
Iran
Grumman
West Germany
Krupp
Tran
Ford urges national effort to curb inflation and GM rollback
The piece argues inflation demands action from all sectors amid weather and supply pressures. It credits President Ford for pressuring General Motors to roll back part of a price increase and calls for a united approach among business labor and government to restrain inflation. It notes possible unemployment rise but aims to reassure that a summit will show cooperation is possible.
MENTIONED IN THIS ARTICLE
General Motors
Ford
Ford Administration
Letters to the editor on the Queen Mary and Nixon
A reader criticizes ship administration and elite experts, recalling a proposed Workers Night and a Disneyland date idea. The letter lauds a handmade ship and questions trust in elites. The piece shifts to praise of Nixon’s foreign moves and wheat deal, criticizing oil interests, with a brief note on U S political events and Grumman loan discussions.
MENTIONED IN THIS ARTICLE
An Qi
Bngshore
New York
Disneyland
Orange County
Brezhnev
Russia
Nixon
Egypt
R. L
Editorial staff and editors listed
Miles E Sines executive editor Larry Allison managing editor Dan Ohl editor Editorial Poge Bert Resnik assistant managing editor L A Collins Sr editorial columnist
MENTIONED IN THIS ARTICLE
Miles E. Sines
Larry Allison
Dan Ohl
Bert Resnik
L.A. Collins Sr
Editorial shows Ford's first press conference strength
Gerald Ford's first press conference displays articulation, force, and calm noncommittal style. He defends the special prosecutor's duties while keeping options open on Nixon, projects an inflation fight and unemployment aid, rules out wage and price controls, and signals a 1976 run with Rockefeller as likely veep. He answers ethics questions plainly, exuding confidence and reassurance.
MENTIONED IN THIS ARTICLE
Gerald Ford
Richard Nixon
Ford
Ford Rockefeller econ team of little change bewilders markets
A New York Times piece argues Washington’s message of progress clashes with Wall Street’s numbers. It notes investors doubt the Ford Rockefeller team can do much, with inflation high, profits rising, and stock prices sinking to yearly lows. The outlook favors tight money, wage push limits, and cautious policy.
MENTIONED IN THIS ARTICLE
Washington
New York Times
New York
Ford
Wall Street
Ford- Rockefeller
Treasury
Gallup
Lyndon Tomson
Richard Nixon
Johnson
Nixon
Ford Rockefeller
Also Mentioned on This Page
U.S
By Pranay Gupte
New York Times News Service
The
Young and
Black
Coast Guard
Queen
Bixby Park
Nelson Rockefeller
Standard OF Co
Senate
Regent
Navy
Long Island
Grumman Corporation
Otis G. Pike
D-N.y
Independent Press-Telegram
Pine Avenue
Herman H. Ridder
Daniel H. Ridder
Samuel C. Cameron
Don Nulier
E. H. Lowdermilk
Milton A. Lomas
Rockefeller
William Simon
Kenneth Bush
Roy Ash
Alan Greenspan
White House
Federal Reserve Board
Arthur Burns
Council On
Adlai Stevenson
Richard
Wilson
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