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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Sep 25, 1974
Page
2
The Agriculture Department reports the yearly cost of farm groceries rose to 1751 dollars for a typical household in August, up 25 dollars from July. Beef pork and eggs boosted the basket while milk lettuce and bread declined. farm and middleman shares shifted, signaling higher consumer costs overall.
The Agriculture Department said un typically tight world grain supplies reflect reduced harvests in the United States, the Soviet Union, Canada, Western Europe and others. Revised 1974 wheat projections fall to 46.16 million tons with coarse grain 561.8 million, while U.S. feed grain output rises to 160.8 million tons.
Senate sponsors abandon attempts to pass a major consumer-protection bill this year. The filibuster blocked a final vote on creating an independent agency to present the consumer viewpoint before federal boards and courts. Ribicoff vowed to renew the fight in January. opponents hailed the setback as a victory for Allen and Ervin.
The Senate passed a 2 billion measure to train doctors and other health workers, rejecting Kennedy’s broader plan. The substitute requires medical schools to reserve 20 percent of enrollment for shortage-area volunteers who receive scholarships worth 8k to 9.2k annually and commit to service. Foreign doctors face tests and English proficiency rules. The bill aims to boost rural and inner city care, while Kennedy’s mandatory service plan was shelved.
AFL CIO leader George Meany called for government issued bonds similar to wartime issues to fight inflation. He proposed $25 $50 and $100 denominations at 7 or 8 percent interest and argued bonds could reduce debt service costs while criticizing Nixon and Ford economic policies.
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