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This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Feb 03, 1975
Page
4
Henry Ford II criticized waste in the auto industry and urged greater use of scrap recycling. Time magazine quoted him on pollution costs, rail travel, and a one year tax credit for industry and utilities, with discussion of future legislation on gas use or car size.
General Motors faces a weak 1974 sales and earnings report that could drop it from the top spot to No 2 in Fortune magazine's list. Analysts expect about $910 million in profits for the year, far below 1973's $2.4 billion, as Exxon surpasses GM with higher revenues and profits.
UAW President Leonard Woodcock warns Chrysler and GM SUB funds could run dry by March and June without a rally in car sales. He cautions widespread layoffs will widen hardship in auto communities and urges tax cuts to revive the economy.
A police helicopter monitoring traffic at the National Hot Rod Association Winternationals in Pomona crashed after hitting telephone lines at 12:07 a.m. Both the pilot Dwight Lohrenz and spotter Officer Jimmy Lugenbell sustained back injuries. Lohrenz was treated and released, Lugenbell admitted to hospital.
In San Diego, the Navy asks Judge Edward Schwartz to dismiss 11 lawsuits by 220 Navy and Marine officers twice passed over for promotion. The move follows a Supreme Court ruling denying a similar rank retention claim. Federal lawyers seek lifting restraining orders and dismissal of all suits based on sex discrimination arguments.
The United Auto Workers warns that ongoing auto industry layoffs could jeopardize its $10,000 weekly aid to the United Farm Workers. Since May 1973 the UAW has donated over $800,000 to the farm workers union, per UAW President Leonard Woodcock.
The Indochina Resource Center charged that the United States and South Vietnam bore primary responsibility for the failure of the Paris Peace Agreement on Vietnam. It argued Saigon’s post ceasefire offensive expanded control, despite U S aid requests and Hanoi violations.
An advertisement from a publisher promotes a 32 page self training booklet on everyday English. It invites readers to mail name address and zip to receive the booklet free, via Career Institute Danbury Connecticut.
Northbrook Illinois art dealer Thomas Gilmore II unveils an easy path to collecting rare porcelain plates with rising resale value. He cites a 1965 plate once priced at 25 dollars now worth 1050 and a 1969 plate once 10 dollars now 245, and offers a free, no obligation report and collector tips, with a limited supply request before February 15 1975.
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