Wasteful lifestyle warned as reform needed at Boston
UPI reports House Ways and Means Chairman Al Ullman told Boston University graduates that Americans cannot return to wasteful living even if the recession eases. He warned the crisis will be taxing and linked energy problems to broader limits on growth and fortune. He urged gradual conservation to avoid rising costs for excesses.
MENTIONED IN THIS ARTICLE
Boston
UPI
House Ways and Means
al Ullman
America
Oregon Democrat
Boston University
China to get U.S. know how for petroleum industry
Tokyo AP reports Commerce Secretary Morton said the United States will boost Asian stability by sharing technology with China. He predicted U S China trade could double in four to five years from about one billion dollars, with know how for China's oil sector a major export. The trade volume, though low now, will rise steadily.
MENTIONED IN THIS ARTICLE
Tokyo
Rogers C. B. Morton
United States
Morton
China
U S.china
U.S
Asahi Shimbun
Saudis Outline $140 Billion Five Year Development Plan
Saudi Arabia's Council of Ministers approved a five year plan calling for a $140 billion investment to expand housing, power, ports, cement and water infrastructure. It foresees importing half a million foreign workers to raise the labor force and aims for rapid growth across oil and non oil sectors.
MENTIONED IN THIS ARTICLE
Riyadh
Saudi Arabia
Council of Ministers
Central Planning Organization
Hisham Nazer
Stanford University Research Institute
Loan guarantee to Lockheed extended two years
The Emergency Loan Guarantee Board extended the government's guarantee of private bank loans to Lockheed Aircraft Corp until December 31, 1977. Under the 1971 agreement the board backed 24 lending banks against losses on credits up to 250 million. The extension supports Lockheed’s financial restructuring plan.
MENTIONED IN THIS ARTICLE
Washington
Lockheed Aircraft Corp
Emergency Loan Guarantee Board
Lockheed’s
Defense budget cuts clash with Pentagon spending requests
Democratic majorities press to trim 2.8 billion from Pentagon proposals as House and Senate Armed Services Committees flag deeper cuts. The House opens amendments to a 32 billion bill, while the Senate debates a 30 billion version. Dellums seeks a 70,000 troop reduction and Pentagon authority to choose cuts locations.
MENTIONED IN THIS ARTICLE
Washington
Congress
Pentagon
House
Senate Armed Services
Armed Services Committee
Senate
Ronald Dellums
D-Calif
U.S
Dellums
Mansfield Says Wage Controls Likely Needed Soon
Senate Majority Leader Mike Mansfield told CBS Face the Nation that wage and price controls are still necessary and will probably be implemented. He described the economy as grim, citing unemployment near 8.9 percent and warning energy conditions remain a concern.
MENTIONED IN THIS ARTICLE
Washington
Senate
Mike Mansfield
Mansfield
CBS
Face the Nation
Montana Democrat
Costly pension plans and questionable limited partnerships
A reader queries 15 percent wage deductions for a pension with a 35 to 40 percent first year commission, questioning tax and SEC fee rules. The adviser explains front end load commissions and clarifies that the high rate applies to the initial year, not the entire 12-year investment. The column also notes federal employees could gain Social Security via a limited partnership, often oil or cattle programs, amid looming congressional scrutiny.
MENTIONED IN THIS ARTICLE
Ford
SEC
Congress
Bache and Company
Money's Worth Social Security attacks date to earlier eras
This article argues that criticisms of Social Security repeat older scripts from the 1950s and 1960s tied to life insurance and Medicare opposition. It notes economic turmoil, trust concerns, and shifts in demographics as background for a push toward informed debate. A bipartisan group issued a white paper defending the program and outlining options. The piece previews a series on Social Security's finances and asks whether to rely on contributory insurance or on post-poverty relief measures, inviting reader participation.
MENTIONED IN THIS ARTICLE
National Association of Life Underwriters
Advisory Council On Social Security
Ford
Banks vaults in Saigon hold U S money and piasters
Bank of America official George Coronel says the vault in Saigon contains only U S money left by fleeing staff while millions of South Vietnamese piasters may exist. Deliberations follow mass evacuations and emergency record shipments to San Francisco as Da Nang fell.
MENTIONED IN THIS ARTICLE
Tamming
Guam
Saigon
Bank of America
U.S
Geroge Coronel
Coronel
Namese
Vietnam
The
Asia Foundation
da Nang
San Francisco
South Vietnam
Also Mentioned on This Page
Juan Dennis
New York Times
Lockheed
Defense
the Daily Investor
By Sylvia Porter
Barry Goldwater
Watergate
Social Security Trust Funds
Social Security
Lem
New York Times Service
Bixby Knolls
Cerritos Square
Long Beach
San Antonio Dr
Pan Am
Rio
Los Angeles
Los Angeles International Airport
Guatemala City
Caracas
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