AFL CIO Opposition Delays NYC Loan Guarantee Debate
The AFL-CIO resisted pending federal loan guarantees for New York City citing regressive terms and labor provisions. They attacked a proposed federal board over the city’s finances and unilateral contract changes, helping delay floor action chaired by Speaker Carl Albert.
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Ford view of gradual oil price hike faces uncertainty
Congressional conferees reached agreement on an oil pricing plan to gradually raise fuel prices after the 1976 elections. It remained unclear if President Ford would accept the plan as part of a broad energy bill aimed for passage next week.
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New York Debates Maximum Tar and Nicotine Levels for Cigarettes
A Wednesday proposal in New York urged a legal cap on cigarette tar and nicotine. Dr. Steinfeld suggested a 18 mg tar and 1.25 mg nicotine limit, citing VA Long Beach as his base. FTC ratings list Winston as the top seller, with Marlboro and Kool following in rank and various brands showing specific tar and nicotine figures.
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NSA Surveillance Spying History From 1947 Committee Testimony
The House committee heard Church describe Project Shamrock and NSA data traffic from RCA Global and ITT World Communications, with Western Union sorting and sharing foreign traffic. Levi noted overseas calls could fall under Fourth Amendment limits. CIA disclosed foreign-based contributors to U.S. media. A separate tobacco data section listed FTC cigarette ratings and tar levels.
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Rockefeller keeps upbeat stance after declining Ford VP bid
Rockefeller, 67, remained ebullient in his first public appearance since stepping back from the Ford VP race. He said he would help the president but would not campaign due to campaign financing limits. He noted intraparty wrangling was not worth it and affirmed a continued interest in higher office in the future.
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Prices rise in October 1974 wholesale report signals inflation risk
The October 1974 wholesale price report shows a 1.2 percent rise driven by autos, steel, textiles and chemicals. Industrial prices climbed 1.2 percent while farm prices rose 2.2 percent. annual wholesale inflation sits around 5.1 percent from a year earlier with a three month trend near 13.5 percent.
House approves consumer watchdog agency bill
The House passed a bill by 208 to 199 to create a special agency overseeing consumer interests in private business and federal government. The measure heads to a conference with the Senate to resolve differences amid looming presidential veto risk.
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