Trade with China seen slowing this year despite long term growth
Industry Week reports U S China trade will dip in 1970 from 1969’s 933.8 million two way total to about 169.7 million in the first quarter, with total year output around 420 million. Cyclical agricultural demand and political factors are cited as influences.
MENTIONED IN THIS ARTICLE
Cleveland, Ohio
U.S
China
Industry Week Magazine
National Council For
U.s.china
Washington
Indochina
United States
Arthur T. Downey
U.S. Commerce Department
Christopher H. Phillips
National Council
Peking
Taiwan
USS
Reform of taxes held unlikely
Washington based Taxation with Representation warns that tax reform faces poor odds in this session. The group scored 16 Ways and Means votes 43 of 100 overall, with Democrat and Republican members mixed on liberal and conservative leanings.
MENTIONED IN THIS ARTICLE
Washington
UPI
House
Ways and Means
Taxation
Energy lab report ranks foods by production energy
The Center for Science in the Public Interest finds ice cream is a major energy hog with 96 023 BTUs per half gallon, far higher than peanut butter and juice. Spirits and beer vary, with Scotch and bourbon in the mid 20s thousands, while packaging and processed foods drive much of the energy use.
MENTIONED IN THIS ARTICLE
Washington
UPI
Center For Science In the Public Interest
Linda Dujack
Inflation Crisis Deepens As Britain Votes Yes
Environment Secretary Anthony Crosland warned Britain faces a death by own action course with pay and price inflation surging above 25 and 35 percent respectively. Prime Minister Harold Wilson prepares a cabinet reshuffle after the referendum while Anthony Wedgwood Benn pledges loyalty to Wilson.
MENTIONED IN THIS ARTICLE
London
UPI
Harold Wilson
Britain
Environment
Anthony Crosland
United States
Crosland
North Sea
Grimsby
Wilson
Chequers
Anthony Wedgwood Benn
Labor Party
Benn
VA runs out of funds to pay GI Bill benefits
The Veterans Administration has run out of money to pay education benefits for about 500 000 veterans under the GI Bill. Roughly 900 000 of 1.4 million recipients received checks. the rest await a $15 billion supplemental bill.
MENTIONED IN THIS ARTICLE
Washington
UPI
Veterans Administration
Frank Hood
Congress
House
Senate
Hood
Joe Malone
Lester Wolff
Dn.y
Reform urged in armed forces pay
A Brookings Institution study argues reforming the costly and tangled military pay system could save up to $2 billion a year within 15 years. It proposes a single taxable salary replacing taxed basic pay with tax-free housing and subsistence, noting single service members lose fringe benefits.
MENTIONED IN THIS ARTICLE
Washington
Brookings Institution
Martin Binkin
Brookings
Bikin
Recession Ending Says Mellon Bank Chief Economist
Mellon Bank executive Norman Robertson declares the recession ending with a predicted economic revival. He cites a 4.2 percent April advance in the leading indicators index, improvements in consumer spending housing and capital goods orders, and unemployment claims falling to about 390,000 while foreseeing a brief downturn continuation.
MENTIONED IN THIS ARTICLE
Pittsburgh
Ap)mellon Bank
Norman Robertson
Mellon
Robertson
New CAB rules may open low cost charter flights soon
The Civil Aeronautics Board is expected to decide by mid June on proposals to relax charter flight rules. If approved, millions could access airfares roughly 50 percent below scheduled airlines, with OTCs allowing travel by agreeing to stay four to seven days and booking well in advance.
MENTIONED IN THIS ARTICLE
Civil Aeronautics Board
Congress
Ford
CAB
U.S
Henry P. Huff
Trans International Airlines
London
Paris
ITC
TGC
Alaska faces looming budget crisis as oil funds lag
Juneau reports Alaska teeters toward fiscal disaster with oil money delayed by at least two years. Despite a 1969 windfall of 900 million from Prudhoe Bay area drilling rights, much of it vanishes into social programs. The 1975-76 budget runs around 635 million. a reserve tax on subsurface mineral rights aims to raise 210 million in 1976 and 250 million in 1977 to bridge the gap.
MENTIONED IN THIS ARTICLE
Juneau
Alaska
Prudhoe Bay
Fred Boeth
Oir
Jay Hammond
Hammond
OPEC ministers open summit in Gabon amid price reform talk
OPEC begins a ministerial conference in Libreville as experts urge scrapping the dollar as the oil price benchmark and propose a dollar basket or SDR reference. They also press a global gas study to bring gas exports under OPEC control, with discussion on funding via bonds and tax shifts.
MENTIONED IN THIS ARTICLE
Libreville
Gabon
Organization of Petroleum Exporting Countries
OPEC
Also Mentioned on This Page
Sam Gibbons
Dfla
al Ullman
D-Ore
Wilbur Mills
Dark
Chrysler Corp
By Sylvia Porter
William A. Egan
Walter J. Hickel
Secretary of the Interior
Anchorage Times
Bixby Knolls
Cerritos Square
Long Beach
San Antonio
Y Lars
Viar
Great Western
Great Western Savings
Belmont Shore
Lakewood Plaza
Beilflower
Lakewood
Seal Beach Leisure World
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