Caution urged by government and industry in inflation fight
In Dallas and Pittsburgh leaders from energy, government, and business urged caution in fighting the worst peacetime inflation. They warned abrupt moves could worsen inflation and harm other goals like the environment. They called for a balanced budget, new money sources for corporate expansion, and sustained energy-resource development to curb shortages and stabilize prices.
MENTIONED IN THIS ARTICLE
Dallas
UPI
U.S
Pittsburgh
American Telephone & Telegraph Co
U.S. Steel Corp
General Electric
Westinghouse
Alcoa
RCA Corp
Columbia
Morton
Gaylord Nelson
Dwis
United States
Nels
Frank Zarb
Office of Management and Budget
Ford Administration
Zarb
Democrats Press 500000 Job Public Works At Summit
House speaker Carl Albert announced that any economic summit plan should include a 500000 job public employment program. He urged a social contract combining tax relief for lower incomes with corporate restraint and credit channeling to productive sectors. The proposal aligns with Senate aid for public service jobs and Ford administration plans.
MENTIONED IN THIS ARTICLE
Washington
Ford
House
Carl Albert
Munday
Albert
White House
Mit
Meany links Nixon policies to looming economic downturn
AFL-CIO President George Meany warned at the Sheet Metal Workers convention that the United States faces a possible worst mood since the 1930s and tied the malaise to Nixon era policies from 1969. He cited high unemployment, shrinking buying power, and inflation, criticizing Arthur Burns and the 1969 tight money stance while noting gaps in Ford era experience.
MENTIONED IN THIS ARTICLE
Miami Beach
George Meany
Afl-Cio
United States
Nixon
Meany
Sheet Metal Workers International Association
Arthur Burns
Burns
Burny
Ord
Ford
Congress
House panel to cut Nixon funds by more than half
In Washington on Monday, House appropriations subcommittee chair Rep. Tom Steed said his panel will reduce the Nixon post-presidency budget by more than 50 percent, to about $400,000, from the $3.83 million requested. A subcommittee member Rep. Edward Roybal seeks to limit funding to the $40,000 pension, with possible further cuts. The funds would support staff, offices, and equipment under the Presidential Transition Act and Former Presidents Act.
MENTIONED IN THIS ARTICLE
Mard
Washington, D.C
Gary Seevers
Rogers
B. Marton
Dallas
Southern Mashadist
Washington
UPD
House
Richard Nixon
Tom Steed
Dokla
Edward K. Roybal
Dcalif
Subcommittee
Roybal
Ford
Congress
Bankruptcies rise after two year drop in 1974
UPI reports that bankruptcies filed in federal courts rose 0.4 percent in the fiscal year ending June 30, 1974, totaling 189,513 compared with 173,197 in 1973. The increase follows a downturn tied to the weak economy, not yet matching the 1967 peak of 208,000. Senate finance subcommittee and Steed's panel criticize handling of the rise. The piece also notes debate over Nixon tapes and documents custody under GSA with congressional oversight.
MENTIONED IN THIS ARTICLE
Washington
UPI
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Yiae
a#id board
John D. DeButts
At&t
Senate
biIscom Offic Furniture
W.B.S
Entc
Swivel Chase
Naus
Back _ & Arms
Aisé
Long Beach Blvd
Aneritel — Montee Charge
Federal Cours
Senate Finance
Steed
Steel
GSA
General Services Administration
San Clemente
Calif
Sleed
Spec’s
Eldorado
Nooley
Dooley
Furniture Dept
Dooley’s Hardware Mart
Nets Con Cro Cr
Dooys Furniture
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