Reuss Outlines Gov Run Banks and Offshore Oil Plans
In an interview with UPI Audio Washington Window Delos A Reuss proposes government competition to spur private banks and a government drilling venture for offshore oil He favors a Tennessee Valley Authority style pattern and cautions against wage price controls while aiming to curb inflation and unemployment through modest money supply growth and policy tweaks He praises Wright Patman for cooperation and signals a gradual path to economic stabilization.
MENTIONED IN THIS ARTICLE
Eres
UPI
Reuss
UPI Audio
Washington
Tennessee Valley Authority
Wright Patman
Stevenson eyes inflation tied natural gas price plan
Sen Adlai Stevenson III chairs a Senate subcommittee on gas supplies and pricing. He opposes full deregulation and proposes tying price increases to inflation to curb a spike during recession. He warns deregulation could push interstate gas prices above oil-linked levels set by OPEC and domestic gas within states.
MENTIONED IN THIS ARTICLE
Washington
UPI
Adlai Stevenson III
Senate
Ford
Stevenson
Organization of Petroleum Exporting Countries Cartel
Soviet TV viewer asks why trade with capitalists
Soviet commentator Yuri Zhukov urged that U S credits similar to Britain's 2.4 billion over five years could create enough jobs to end unemployment in the United States. He noted 18 major contracts remain and said the USSR would favor creditors offering favorable terms.
MENTIONED IN THIS ARTICLE
Moscow
UPI
Yuri Zhukov
United States
Soviet Union
Zhukov
Britain
U.S
West Germany
Japan
Finland
France
Italy
West
Algeria cuts crude oil price by 21 cents per barrel
Dubai sources report Algeria lowered its official crude price to 11.75 dollars a barrel from 11.96, amid weak Western demand. They note Libya and Nigeria may adjust prices slightly, while Abu Dhabi cut its best crude by 55 cents last week to spur production.
MENTIONED IN THIS ARTICLE
Kuwait
Dubai
Algeria
Libya
Nigeria
Abu Dhabi
Persian Gulf
Sonatrach
McGov ern outlines eight point economic program
Senator George S. McGovern D S D proposed an eight point plan to ease inflation unemployment and energy shortages. It includes a short term across the board price profit interest and wage freeze followed by selective long term controls plus public investment in energy and transport and temporary public service jobs. The other six points call for stronger antitrust enforcement phasing out high fuel usage autos cutting military spending tax reform welfare reform toward a negative income tax and reducing international military outlays to fund hunger relief.
MENTIONED IN THIS ARTICLE
Washington
UPI
George S. McGovern
D-S.d
McGovern
University of Alabama
Congress
Temporary help firms boom as jobs stay strong
Industry leaders from Manpower to Kelly Services say demand for temporary workers spans clerical to skilled roles, with health care skills in high demand. Experts predict continued growth, noting more than 2 million women and 500,000 men employed yearly and a potential rise to 3 to 5 percent of the world’s workforce in 15 years.
MENTIONED IN THIS ARTICLE
Elmer Winter
Manpower, Inc
Milwaukee
Frank McBride
Kelly Services, Inc
Detroit
W. Robert Stover
Western Temporary Services, Inc
U.S
Stover
Guy W. Millner
National Assn. of
Illegal aliens accused of taking needed jobs
Washington AP describes estimates of 10 million to 12 million illegal aliens in the United States, with impacts on the economy and job competition. Veterans and officials at a VFW midwinter conference discussed immigration, veterans benefits, and opposition to extending VA facilities to non veterans. Admiral Zumwalt warned America faces defense weakness analogous to the 1962 Cuban missile crisis.
MENTIONED IN THIS ARTICLE
Washington
The
Immigration and Naturalization Service
Leonard F. Chapman
Marine Corps
Veterans of Foreign Wars
Chapman
VFW
Richard L. Roudebush
Roudebush
Hartke
Adm
Elmo R. Zumwalt
Naval Operations
America
Soviet Union
Auto plants cut closures drop jobless toll in U S
Detroit report says only two of 58 U S car plants close this week as 43 000 workers return to jobs. Industry officials estimate total unemployment at 214 600 with most on open ended lay offs. Ford Chicago and Norfolk plants close. GM runs all 25 car plants. Chrysler keeps eight lines active. AMC has 950 on indefinite lay offs.
MENTIONED IN THIS ARTICLE
Detroit
API
U.S
Ford Motor Co
Chicago Car Assembly
Norfolk, Va
General Motors
Chrysler
American Motors
Multinational Firms Seen as Threat to US Economy
Authors Richard J. Barnet and Ronald E. Muller warn Congress must curb multinational corporations to prevent escalating inflation and a possible crash by 1977 or 1978. They say global firms reduce costs but shift profits overseas, diminishing domestic control and economic independence.
MENTIONED IN THIS ARTICLE
Washington
Congress
United States
Richard J. Barnet
Ronald E. Muller
Barnet
Muller
American University
Clarifying Silver Certificates and Stock Liquidation
Readers ask if Silver Certificates held value as silver and how to sell stock. The article explains the 1968 redemption window for certificates in silver and notes later status as non redeemable for silver. It also covers finding a broker via NYSE or major firms to sell stock, with practical steps.
MENTIONED IN THIS ARTICLE
Uncle Sam
New York City
San Francisco
Federal Reserve
Roverage
New York Stock Exchange
Also Mentioned on This Page
Franklin National Bank
Fed
Peg
House Banking Committee
Texas
Patman
Henry Reuss
Russ TV
McG
By Sylvia Porter
Vance Hartke
D-Ind
Senate Veterans Affairs Committee
By Donald Rothberg
Daily Investor
By Don G. Campbell
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