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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Jul 08, 1975
Page
3
New York AP reports the National Bureau of Economic Research will state in Explorations in Economic Research that the current recession began in November 1973 with the oil embargo. The bureau notes output declines and rising unemployment shaped the verdict, with an end date not yet set.
Buffums marks 71st anniversary as all 12 stores open at 9:00 a.m. offering 20 to 50 percent off. Shop sportswear, jewelry, watches, shoes, handbags, sleepwear, and mink. Plus men’s clothing, back to school savings, pillows, sheets, towels, cookware, cosmetics, luggage, TVs, stereos, and champagne.
Senate proposes amid bills to save fuel by allowing right turns on red at all traffic signals nationwide. Sponsor Sen. Dale Bumpers cites potential daily savings of about 2.55 million gallons and a yearly near billion-gallon reduction, with FHWA study saying no significant rise in accidents.
Washington with Wernher von Braun announcing the formation of a National Space Institute to promote the social benefits of the space program. He said space tech already touches daily life and outlined education programs for isolated Indian villages and periodic satellite surveys of crops on Earth as examples.
Organized labor accused industry and the Ford administration of valuing cost over worker health as the Labor Department weighs noise standards. J W Abel of United Steelworkers urged stronger limits, citing health risks and inflation fears. UAW chief Leonard Woodcock noted European benchmarks and questioned American workers' standing.
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