New York City narrowly avoids default on $453 million debt
New York City dodges default an hour before debt due as United Federation of Teachers President Albert Shanker reverses position to back $150 million from union retirement funds. Gov. Carey and officials warn of looming cash shortages without federal aid and further city action.
MENTIONED IN THIS ARTICLE
New York
Washington
United Federation of Teachers
Albert Shanker
Hugh Carey
Aon
Shanker
Senate Banking Committee
Carey
Ford
Milwaukee
William Proxmire
D-Wis
Ford stands firm against federal help for New York City
White House spokesmen say President Ford will not use action to prevent a NYC default and will not seek federal aid without new legislation. Senate Banking Committee to hear Beame and measure to aid distressed cities, as officials monitor a rapidly worsening crisis.
MENTIONED IN THIS ARTICLE
Washington
Ford
New York City
White House
Ron Nelsen
Senate Banking Committee
Abraham Beame
New York
Nessen
L. William Seidman
Seidman
Twenty three hurt as three trains collide in Delaware
In Wilmington, six Amtrak Metroliner cars derailed after being hit by Penn Central commuter train 944, while another Penn Central train struck the rear. Twenty three people were treated and released. Metroliner passengers were displaced to reach onward trains. Inspectors investigated the air brake issue and signaling.
MENTIONED IN THIS ARTICLE
Wilmington
Del
Metroliner
Amtrak
Washington
New York
Riverside Hospital
Delaware and Wilmington General
Wilmington Medical Center
Brian Duff
Federal Railroad
Penn Central
Philadelphia
Judge orders 8000 back to work in SP rail clerk strike
In a federal court move, nearly 8,000 Southern Pacific railway clerks began returning to work after Judge Oliver J. Carter ordered an end to the one day walkout. Amtrak restore operations with several trains halted or diverted as talks aim to resolve contract disputes over job duties.
MENTIONED IN THIS ARTICLE
San Francisco
Charles Coleman
International Brotherhood of Railway
Southern Pacific
Amtrak
U.S. District Court
Oliver J. Carter
California
Oregon
Nevada
Arizona
New Mexico
Utah
Texas
New Orleans
Los Angeles
Yuma
Ariz
Califor
Nia Zephyr
Chicago
Ogden
Seattle
Oakland
Southern Pacific Information
Andy Anderson
International Brotherhood of Railway and Airline
Senate set three days of CIA mail prying hearings
The Senate Intelligence Committee will hold three days of public hearings next week on the opening of American mail by the CIA and FBI. About a dozen witnesses will testify starting Tuesday, including former CIA Director Richard Helms, former Postal Service Inspector General Henry Montague, and William Cotter.
MENTIONED IN THIS ARTICLE
Washington
UPD
Senate Intelligence Committee
CIA
FBI
Richard Helms
Postal Service
Henry Montague
William Cotter
Six Cigarette Firms Sued Over Health Warning Ad Violations
The Justice Department and FTC sue six leading manufacturers Philip Morris American Brands Brown & Williamson R J Reynolds Liggett & Myers and Lorillard for failing to prominently display Surgeon General warnings in ads and on point of sale materials since March 30, 1972. Damages are sought at 10000 per day plus a trust fund for future warnings.
MENTIONED IN THIS ARTICLE
Washington
U.S. District Court
Justice Department
Federal Trade Commission
Philip Morris Inc
American Brands Inc
Brown & Williamson Tobacco Corp
R.J. Reynolds Tobacco Co. Inc
Liggett & Myers Inc
Department
Hearst SLA Conversion Claims Revealed in Manifold Manuscript
Excerpts quoted in the San Francisco Examiner recount how Patricia Hearst, then blindfolded prisoner, was groomed by SLA members to become a revolutionary. The manuscript notes her active questions and the group’s belief in her propaganda potential as Cinque DeFreeze led the effort. Hearst faces a federal competency review next week.
MENTIONED IN THIS ARTICLE
San Francisco
UPD
Patricia Hearst
Symbionese Liberation Army
SLA
San Francisco Examiner
Miss Hearst
Randolph A. Hearst
William
Emily Harris
Donald (Cinque) DeFreeze
Los Angeles
Tania
Cin
Berkeley
Hearst
Los Angeles Times
Pines Raps Interior Dept steamroller tactics
Pines criticizes Interior Department policy on offshore oil leasing as heavy handed and rushed. The column argues for a slower, more transparent approach and questions handling of lease approvals.
MENTIONED IN THIS ARTICLE
Pines
Interior Dept
Also Mentioned on This Page
N.Y
City Comptroller’s Office
UFT
David Rockefeller
Chase Manhattan
Walter Winston
First National City
Harrison Goldin
Queens
Donald Manes
Paul O’dwyer
Thomas Cuite
Staten Island
Robert Connor
Alan Greenspan
Council of Economic Advisers
Treasury
William E. Simon
House
Nelsen
Beame
Delaware
Duff
S.P
Patty
Cell
Sahara
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