Ford aides foresee unemployment near seven percent
Washington reports a sharp rise in unemployment last month with Greenspan predicting a peak around 7 percent by mid 1975. Simon cautioned that conditions may worsen into next year while inflation eases toward 6 to 7 percent by spring.
MENTIONED IN THIS ARTICLE
Washington
UPI
Ford
Alan Greenspan
Council OF Economic Advisers
Arlier
Greenspan
Labor Department
Treasury
Wiliam E. Simon
Simon
Flood and slides trail storm across Southern California
Weather system drenched Los Angeles and surrounding counties with record rain and mudslides. Flooding closed roads from Huntington Beach to Orange County, damaged homes and businesses across Carson and Lakewood, and flooded harbors and docks in Los Angeles. Santa Barbara logged heavy rainfall while officials warned of continued clearing and warmer temps later.
MENTIONED IN THIS ARTICLE
Red Cross
Huntington Beach
Warner Avenue
Golden West Avenue
Carson
International Paper Co
Susana Road
Winona Pacific Corp
Hazelton Hardware
W. Rosecrans Ave
Huck Manufacturing Co
Watson Center Road
Sepulveda Boulevard
Th Harbor
Lakewood
LC. Pennes
Paramount Blvd
Bellflower Post
E. Flower St
Seal Beachs
Terminal Island
Monsoon
Laura
Los Angeles County
Ventura County
Point Magu
Santa Barbara
Nojoqui Falls Park
Santa Barbara County
Orange County
Ford Road
Bristol Street
Nixon aide legal fees offer tied to Watergate case
Transcript details show President Nixon offering $300,000 to cover legal fees for his two aides amid Watergate fallout. Prosecution says payments to burglars and cover‑up efforts were at issue, while defense argues the money funded legal costs, not wrongdoing. Haldeman and Ehrlichman dispute portions of the transcripts and timing.
MENTIONED IN THIS ARTICLE
Tie
Ehlichman
Nixon
Bebe
Charles G. Rebozo
Haldeman
White House
Ehrlichman
Ben-Veniste
House Reform Shifts Power Away From Longtime Members
The Democratic Caucus strengthened Speaker Carl Albert's position after defeating a move to elect the third-ranking House leadership whip. Rep. John J. McFall would keep the post as appointive power remains with the speaker. The caucus also voted to publicize recorded votes, though secret ballots remain possible. Ways and Means faces reforms to curb its power, including subdivision into subcommittees, broader membership, and new rules to ensure junior members gain key assignments.
MENTIONED IN THIS ARTICLE
Banking
Congress
House
Carl Albert
Oklahoma
John J. McFall
California
Ways and Means Committee
Mills
al Ullman
Oregon
Ways and Means
Bers
Slump in car sales worsens in November
DETROIT AP The ULS auto industry report shows November car sales the second slowest for that month in 15 years as a year long downturn deepens. Total of 505,511 units, down from 775,455 a year earlier, with GM Ford and Chrysler posting 34 to 4 percent declines and American Motors plunging 51 percent. For the first 11 months, industry totals reached 7,019,724, a 23 percent drop from last year. Mack Worden of GM says encouraged by daily rate of passenger cars.
MENTIONED IN THIS ARTICLE
Detroit
General Motors
Ford
Chrysler
American Motors
Mack Worden
Safes
Californians Back Government Action On Drunk Driving
A UC Berkeley study shows 90 percent of Californians want more government effort to care for drunks and keep tipsy drivers off the roads. Yet a majority oppose higher alcohol taxes or monthly rationing, with 57 percent against pricier drinks and 75 percent against monthly consumer limits.
MENTIONED IN THIS ARTICLE
San Francisco
UPI
U.S
Cahaian
Auto Makers Slash Output Amid Monthlong Sales Slump
Industry reports show October sales fell 27 percent from the prior year and September deliveries were down 21 percent. Automakers plan 26 percent fewer December builds as about 200 000 workers face layoff this month including 165 000 this week.
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Ama
Pan
Bluff Park
Ocean Boulevard
Molino Avenue
Kent Henderson
Carden Grove
Westminster
Los Angeles Arbor
Marquesa
Irvine
Rebozo
Mey
Mamcolor
STEEN
Tm Banc
By Owen Uls.mann