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Independent in Long Beach, California

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Articles on This Page

This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

Independent

Location

Long Beach, California, United States of America

Date

Jun 08, 1971

Page

2

Bleak outlook for war and space industry jobless

Palo Alto report from Stanford Research Institute warns 30 000 scientists and engineers face immediate unemployment from defense and space cutbacks. It argues industry cannot absorb them, urges federal holding action, broad government aid, and urgent definition of markets for highly technical skills to preserve U S research and engineering capabilities.

Palo Alto Calif Stanford Research Institute SRI U.S United States

Banks raise savings rates and fees on loans

Bank of America and Wells Fargo announced higher interest on some savings accounts and raised minimum lending rates for mortgages. Certificates yield more, with one year at 5 percent and two year at 3.44 percent, while Wells Fargo previously paid 5.34 percent on five year certificates.

San Francisco Bank of America Wells Fargo Bank Wells Fargo

High court bond ruling threatens California school bonds

The West Virginia 60 percent vote standard for bonds upholds super majorities. California officials warn that pending Supreme Court action could force higher thresholds, risking Field Act compliance and earthquake safety costs for 1,500 school structures. Superintendent Wilson Riles calls the ruling discouraging as bond passage falters.

Sacramento U.S. Supreme Court California West Virginia Wilson Riles High Court Supreme Court California Supreme Court Riles Yuba Davis

California bill to require utility refunds failing Senate panel

A Senate committee killed a bill by Sen Alfred Alquist to force California utilities to refund earnings above a fair rate of return. A Public Utilities Commission spokesman said the measure would impose an intolerable burden on staff. Alquist argued the PUC already monitors rates and the bill would not burden utilities.

Sacramento California Senate Public Utilities Commission PUC Alfred Alquist D-San Jose Alquist

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