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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Feb 03, 1972
Page
4
Bi partisan group of 11 House members urged Congress to support state regulated no fault automobile insurance. The measure would encourage states to experiment with no fault programs and is led by Rep. Craig Hosmer R Long Beach.
Senator Alan Cranston and Senator Robert Taft Jr propose a desegregation plan for elderly housing requiring 10 to 25 percent of federally aided units to be reserved for seniors to improve intergenerational contact. They also back a private refinancing plan to repair substandard housing with limited federal cost.
An advertisement summarizes U.S. Government tar data for 38 regular filter king cigarette varieties, with Carlton at 4 mg tar the lowest. It asserts Carlton's tar is less than 99.9 percent of cigarettes sold and offers to mail the official tar list to interested readers.
Gov. Reagan appointed a 32 member Earthquake Council to oversee research and development of an earthquake warning system. James G. Stearns director of the State Department of Conservation was named chairman.
The SEC backed a nationwide securities market uniting all exchanges and allowing brokers tied to mutual funds or large institutions to join if most business is with customers outside their parent firms. The plan aims to reduce price gyrations from large block trades and provide equal access to market information.
The EPA announced that eight states including California missed the January deadline to submit plans to meet federal air quality standards. Indiana Idaho Hawaii Mississippi and Illinois have sent plans, while California expects a plan in about two weeks. Alaska and Montana have not filed plans yet.
The Cost of Living Council weighs ending federal rent controls when tenants leave voluntarily. Minutes show a 6 to 1 vote against immediate action, with vacancy decontrol under study and a request to the HUD to assess feasibility. Current rules exempt farms, single units, owner occupied homes of up to four units, and luxury rentals above $200 a month.
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