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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Aug 30, 1975
Page
17
New York AP reports U.S. consumers curb spending amid inflation and rising prices, prompting business leaders to reassess needs and motives. The shift favors fuel economy, smaller cars, and community colleges, with Americans trimming discretionary items while industry adapts to smaller markets.
Japan's automakers led by Toyota and Nissan produced 617 402 vehicles in July 1974 marking the year’s best month and hinting 1975 could become the second best year. Domestic passenger sales boosted July registrations to 393 632 as exports wavered.
Road Ranger tests their Kit line and Mark V Fifth Wheel with a heavy outdoor sprinkler rain test for 30 minutes at the Chino plant. Units must pass waterproof inspection after corrective work before sale. Models range 15 to 35 feet. fifth wheels 27 and 29 feet. Manufactured in Chino Caldwell and McPherson for nationwide sale. contact Tom Behart for details.
The IMF endorsed the 30 month floating rate experiment begun in 1973, noting markets functioned and crises of the par value system were avoided. It warned that volatility brings uncertainty for developing nations while urging legalizing floating in revised articles, a move the US supports and France opposes. The report cautions oil price surges strain balance of payments and debt servicing for non oil producers, while industrial nations seek a cautious recovery without reigniting inflation.
AP reports the Employment Act of 1946 failed to meet its goals of maximum employment production and purchasing power. More than eight million workers are jobless, and many industries run below capacity. Analysts blame conditions and policy limits rather than a single cause, noting war victory mood and global economic interdependence.
The Small Business Administration will hold a free day long workshop on Sept 8 at the Los Angeles Police Auditorium Parker Center 150 N Los Angeles St from 9 am to 4 pm Registration begins at 8 am Howard C Whiteaker said the session aims to make programs accessible to current and prospective small business owners Topics include taxes capitalization management legal requirements and business locations Information available from SBA Los Angeles District 849 S Broadway Los Angeles 90014.
New York AP notes dense listing of mutual fund and investment trust prices from Delaware Group to John Hancock. Securities figures show funds, growth and income options, with various values, yields, and unavailable entries.
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