U S expands ban on credit discrimination
Washington reports new federal rules expanding the Equal Credit Opportunity Act. The final regulations prohibit discrimination based on race color age religion or national origin and protect applicants who receive public assistance. They require reasons for credit denial to be written and apply to banks lenders and stores starting March 23.
MENTIONED IN THIS ARTICLE
Washington
Uf “li
Federal Reserve
Neil Butler
Congress
Ford to seek restoration of UNESCO funding
President Ford announced on a skiing trip that he will ask Congress to restore American contributions suspended to UNESCO. State Department recommends a total appropriation of 97 million dollars to cover past and current fiscal years, with the proposal likely to appear in next month’s budget. Pro Israel lawmakers push to limit the 90 million figure, aiming to match arrears of about 43 million.
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Washington
Ford
Congress
Unesco
State Department
Vail
United States
Air line accused of gifts to dignitaries and political sums
The Flying Tiger Line and six officers face Civil Aeronautics Board action for improper gifts to foreign dignitaries and political contributions in California. The complaint cites $10,114 in free air transport to Senator John V. Tunney in 1970 71 and $10,700 in contributions from May 1970 through March 1975 to Rep. Charles Wilson and Mayor Thomas Bradley among others.
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Washington
Flying Tiger Line
California
Civil Aeronautics. Board
Bureau of Enforcement
Los Angeles
Coffee boycott seen ineffective in reducing world prices
London brokers say a lasting two month cut in U S coffee consumption would be required to press prices down. they warn of stockpiled coffee in the pipeline and caution that brokers speculate middlemen hold supplies. The note follows Elinor Guggenheimer urging a U S decline in instant coffee demand amid Brazil frost damage driving price spikes.
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London
Elinor Guggenheimer
New York City
United States
U.S
Brazil
Saudi oil minister cites political fears behind price aims
Sheik Ahmed Zaki Yamani, in Der Spiegel, says Saudi Arabia seeks to keep oil prices low due to fears of Communist takeovers in France and Italy and a new recession in the West. Saudi Arabia and the UAE refused to join OPEC’s Dec Doha decision to raise prices 10 percent Jan 1 and 5 percent more in July.
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Bonn
West Germany
France
Italy
West
Saudi Arabia
Sheik Ahmed Zaki Yamani
The
der Spiegel
United Arab Emirates
Organization of Petroleum Exporting Countries
Doha
Qatar
Meat supplies seen plentiful but prices may set records
AMI forecast a plentiful 1977 meat supply with prices possibly reaching supermarket record levels. Beef prices are expected to average about 10 cents higher per pound next year, while the Agriculture Department had warned earlier of a gradual rise. Pork prices fell for the fourth consecutive month as ranchers cut back herds to lift prices. Meatpackers estimate beef per person in 1977 at about 123 pounds versus 128.5 this year.
MENTIONED IN THIS ARTICLE
Janet Hart
Board
Division of Consumer Affairs
Washington
American Meat Institute
AMI
Agriculture Department
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