Ford Considers Large Tax Cut to Fight Recession
President Ford weighs a broad tax reduction as a needed remedy for the recession. Rep. Al Ullman says discussions range from 10 to 30 billion dollars with a lean toward the upper end. A $20 billion plan with a $15 billion personal tax cut and $5 billion for business credits is under consideration, with a push for rapid action and possible 1975 relief through payroll withholding changes.
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Washington
UPI
Ford
al Altman
D-Ore
House
Ways and Means Committee
Ullman
White House
Congress
Ultman
Labor-Management Committee
Tornado Toll Rises Across Dixie from Mississippi to Florida
Severe tornadoes ripped through Mississippi Alabama Georgia and Florida killing at least eight people and injuring more than 125. In McComb Mississippi a school and shopping center were destroyed while Pelham and Pell City Alabama reported multiple injuries. A 10 mile path crossed from West Point Georgia into Alabama damaging a school and nursing home at Lanett.
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Mccomb
Miss
UPI
Mississippi
Georgia
Alabama
Florida
Pell City
Ala
Birmingham
St. Clair County Hospital
Alabama Civil Defense
C.J. Sullivan
Ragland
Pelham
West Point
Lanett
Fort Walton Beach
Fla
Job cutback record worst in 29 years
UPI reports December payrolls fell by 675000 marking the largest two month loss since 1945. Ford idled over half its workforce as manufacturing, construction and retail trade faced broad cuts totaling 1.1 million over November and December. Urban and rural poverty areas suffered high unemployment with 7.7 percent overall and 11 percent urban, 14.3 percent for black communities.
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Washington
UPI
Ford Motor Co
U.S
Labor Department
300000 Color TV Recall Over Radiation Risk
The FDA orders Matsushita Electric Corp of America to repair over 300000 color TVs sold as Panasonic J C Penney Pennerest Bradford to correct possibly dangerous radiation levels. Sets could emit five to 25 times the allowed limits. viewers should stay six feet away until corrected. Matsushita must submit a correction plan by Monday.
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Washington
Food and Drug Administration
Matsushita Electric Corp
America
Panasonic
J.C. Penney
Pennerest
Bradford
FDA
Robert Elder
Matsushita
Japan
Elder
Kissinger regrets missed show of force toward Vietnam
Secretary of State Kissinger regrets that a six ship naval task group headed by the carrier Enterprise was not used as a psychological demonstration against North Vietnam earlier this week. Administration sources say Kissinger learned of the movement too late to issue orders. The State Department denied a Post-Dispatch report that Kissinger proposed diverting the group.
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Washington
Henry A.kissinger
Pentagon
North Vietnam
Administration
Kissinger
Enterprise
United States
State Department
St. Louis Post-Dispatch
Kissinger regrets missed Viet Nam swing after Subic Bay departure
Exclusive N Y Times Service notes Kissinger expressed regret that the task group leaving Subic Bay did not sail toward the Gulf of Tonkin before turning to the Indian Ocean. The ships headed for the Strait of Malacca amid Vietnam related claims, while U S officials insisted the movement was not linked to Vietnam.
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Philippines
Gulf of Tonkin
Indian Ocean
Subic Bay
Strait of Malacca
Inger
Defense Department
Vietnam
Kissinger
Washington
Skylab debris to scatter along 100 mile wide earth path
NASA projected the 42 ton Skylab booster would reenter Earth's atmosphere and debris could rain down along a 100 mile swath spanning Indian Ocean to Canada. Officials said impacts would be unlikely and any surviving pieces might hit oceans or uninhabited areas.
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Globe
National Aeronautics and Space Administration
Indian Ocean
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New Zealand
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Mexico
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Oklahoma
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Iowa
Illinois
Michigan
Canada
Space Agency
NASA
Widow of victim sues for $10 million
The widow of a plane collision victim files a $10 million lawsuit detailing damages and seeking compensation. The action highlights ongoing legal fallout from the incident with references to the Thursday collision and related investigations.
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Gilbert Lawrence
John W. Finney
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Phuoc Binh
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University of Texas At Arlington
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Soviet Union
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George Grechko
The
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Richard M. Nixon
Wayne Sharp
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