Senate Democrats study own energy plan
A committee of senior Democratic senators studies a staff outline prioritizing unemployment reduction, deferring oil import cuts until unemployment drops. The draft proposes a one cent gas tax increase with further rises as the economy improves, and faces internal debates over detail and potential political attacks.
MENTIONED IN THIS ARTICLE
Washington
Energy Committee
Senate
New England
Ford
Policy Committee
Senate Interior and Commerce Committees
Commerce Committee
Burns urges caution in loosening money supply
Federal Reserve Chairman Arthur Burns told the Joint Economic Committee that the Fed will ease credit to aid recovery but will not permit a money and credit explosion. He warned expansion would raise long term rates and trigger inflation, opposing calls from some to significantly raise the money supply. Burns suggested a moderate course and signaled forthcoming legislation to address Franklin National Bank’s crisis.
MENTIONED IN THIS ARTICLE
Washington (Ap
Arthur Burns
Federal Reserve Board
Burns
Congressional Joint Economic Committee
Federal Reserve
Ford Administration
Senate
House
New York
Franklin National Bank
Oil demand falls in 1974 for first time in 32 years
New York AP reports 1974 U.S. demand for petroleum products declined 3.9 percent to about 16.7 million barrels per day per Chase Manhattan Bank and 3.3 percent to 16.68 million per day per API. Factors include the Arab embargo, warm weather, conservation, higher prices, and slower economy.
MENTIONED IN THIS ARTICLE
New York
United States
Chase Manhattan Bank
American Petroleum Institute
Chase
Gregory Shuttlesworth
API
U.S
U.S. Bureau of Mines
Federal Energy Administration
Also Mentioned on This Page
Walter F. Mondale
D-Minn
Finance Committee
N.Y. Times Service
Edward M. Kennedy
D-Mass
Henry M. Jackson
Kennedy
The
Franklin
Dooley Furniture Mart
Imperial
Ortho Supreme
Posture
ORTHO
Queen & King
Dooley’s Hardware Mart
Long Beach Blvd
NO. Long Beach
Bassett
Dooley
Joley
Dooleys Furniture Mart
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!