Ford weighs veto of historic tax bill amid inflation worries
New York economists debate a $24.8 billion tax package as President Ford considers a veto. Some experts call the cut too inflationary and favor a veto, while others fear a veto could hurt consumer confidence and slow recovery.
MENTIONED IN THIS ARTICLE
New York
Ford
Ford weighs veto on tax bill amid economic debate
House Minority Leader Rhodes predicts a Ford veto of the tax measure. White House aides say Ford believes the House would sustain a veto and will study the bill in coming days. Economists warn of uncertainty and housing impacts if vetoed but see potential gains in inflation control and purchasing power. Suggestions vary on size and timing of cuts as the economy navigates recession risks.
MENTIONED IN THIS ARTICLE
House
John J. Rhodes
R-Ariz
Ford
White House
Albert Cox
Lionell Edie & Co
Wall Street
Merrill Lynes, Pierce, Fenner & Smith Co
Michael Sumichrast
National Association of Home Builders
Ray Denison
Afl-Cio
Brookings Institution
Charles Schultze
Lyndon B. Johnson
Panic halts air evacuation from Da Nang as crowds swarm airport
About 100 000 panicked civilians invaded Da Nang airport halting refugee airlifts. US and allied planes were grounded or canceled while efforts to move refugees south continued by sea. Tanks moved into Da Nang to control crowds as Tam Quan shares battlefront gains by Communist forces.
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Saigon
APS
United States
da Nang
Tam Quan
Vietnam
Air Vietnam
the World Airways
Washington
U.S
SEC charges Hughes fraud in Air West case
The SEC accused Howard R. Hughes and associates of fraud and market manipulation tied to Hughes 1969 Air West acquisition. The suit seeks injunctions and about $48 million in ill gotten gains, naming Summa Corp. and figures from Las Vegas to Los Angeles.
MENTIONED IN THIS ARTICLE
Washington
Securities and Exchange Commission
Howard R. Hughes
Air West
United States
Canada
Mexico
Federal District Court
California
SEC
Hughes
Summa Corp
Hughes Airwest
Herman Greenspun
Las Vegas Sun
Las Vegas
James “Jimmy
Snyder
Robert A. Maheu
Chester C. Davis
David Charnay
Four-Star International
Los Angeles
George Crockett
Patrick J. Hillings
Nixon
Hillings
Watergate
Davis
Maheu
PSA to Sell Queen Mary Hotel Lease
PSA announced plans to sell its unprofitable Queen Mary Hotel lease blaming persistent poor service by Specialty Queen Mary Corp. and to exit the hotel business. The move comes as PSA reports cash flow problems amid lower passenger traffic and rising costs.
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PSA
Queen Hotel
Pacific Southwest Airlines
Specialty
Queen Mary Corp
J. Floyd Andrews
Hollywood Park
Los Angeles
San Diego
San Francisco
Long Beach
Andrews
David Tallichet
Leonard Putnam
Massive 6.3 quake rattles central Rocky Mountains
A 6.3 magnitude earthquake centered near Malad City Idaho shook Utah Idaho and Wyoming for 10 to 15 seconds causing minor damage but no injuries. Buildings in Salt Lake City reported shaking while reports spread from Twin Falls Burley Jackpot Idaho Falls Pocatello Rock Springs Provo and Delta.
MENTIONED IN THIS ARTICLE
Salt Lake City
Rocky Mountains
United States
San Fernando Valley
California
Malad City
Idaho
Utah
Wyoming
Earthquake Information Center
Boulder
Colo
Raymond Wilson
University of Utah
Snowville
LaVell Neal
Twin Falls
Burley
Jackpot
Nev
Idaho Falls
Pocatello
Rock Springs
Thane and Afton
Wyo
Provo and
Delta
Morton to head Commerce as Cabinet reshuffle shakes Ford team
In a major cabinet shuffle President Ford nominates Interior Secretary Rogers C B Morton to head the Commerce Department and signals former Wyoming Governor Stanley K Hathaway will become interior secretary. Morton would push industry toward coal while maintaining energy policy leadership. Hathaway, 50, a two term governor and Western Governors Conference former chair, would face Senate confirmation. Morton’s transfer aims to mobilize business and expand resource development and conservation amid energy challenges.
MENTIONED IN THIS ARTICLE
Washington
White House
Interior
Rogers C.B. Morton
Commerce
Wyoming
Stanley K. Hathaway
Hathaway
Morton
Ford
Department
West
Ron Nessen
Senate
Osceola
Neb
Western Governors Conference
Interstate Oil Compact Commission
Commerce Department
Nessen
U.S. Economy Wins Noticeable Gains and Policy Moves
Highlights include rising U S airfares to Europe with youth and advance purchase discounts approved. Ralph Nader reports his mail monitored while President criticizes a large foreign aid bill before signing it.
MENTIONED IN THIS ARTICLE
Ralph Nader
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New York Times Service
Joanne Norris
Hyatt Corp
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National Earthquake Information Center
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