Aluminum pennies missing spark high level theft probe
UPI reports 13 experimental aluminum cents, possibly worth up to 500000, are missing. Suspects include senators and Treasury officials. recall of coins was urged after minting in 1973. Taft and Hathaway listed as recipients with unclear returns. FBI confirms active investigation.
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Mary Brooks
Frank MacDonald
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Robert Taft Jr
Ohio
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Tait
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William Hathaway
Maine
Hathaway
FBI
Gold dips below $140 as prices crash on European markets
Gold on European bullion markets fell to well under 140 dollars an ounce after a nine month peak near 200. The dollar rose to new highs, with Zurich closing at 134 and London at 137, marking a 19 month low. At one point the metal touched 134.
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London
Zurich
Inflation Seen Continuing After Small August Price Rise
Economists warn higher prices remain likely as the August Cost of Living Index edges up 0.2 percent, the smallest in three years. July's 1.2 percent rise keeps annual inflation in double digits, with officials noting the underlying rate remains high and that overall buying power improved only modestly.
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Amercans
White House
William Greener
Labor Department
Burns urges public job plan to replace unemployment benefits
Federal Reserve chairman Arthur F. Burns told a University of Georgia audience that unemployment compensation should be trimmed and replaced with public service jobs for the unemployed. He cited 8 percent joblessness, urged stronger job banks and training, and proposed tax incentives, longer environmental goals, and competition to curb inflation while aiming to make government the employer of last resort.
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Athens, Ga
Federal Reserve Board
Arthur F. Burns
Burns
University of Georgia
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