12 Jun 1975
Page 1
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Newspaper
Indiana Evening Gazette
Location
Indiana, Pennsylvania, United States of America
Date
Jun 12, 1975
Page
1
Washington column warns that industry and government lag in adapting to science and tech changes. It cites a $2 billion liquid metal fast breeder project, laser isotope separation, and future fusion, urging cuts to slow breeders and redirected funds, while noting private industry often resists change and clings to outdated knowledge.
NOAA researchers Angell and Korshover report ozone thinning across parts of the globe since the 1970s with declines of 1 to 2 percent, while natural variations and sun activity may play roles. They caution that no single cause is proven and vow continued monitoring.另一方面 savings inflows boost housing, but higher savings rates raise loan costs. Bowles notes ceilings rising since 1966 and six increases. 7.75 percent certificates now common, delaying cheaper mortgages.
On June 12 1925 tomorrow marks the annual Marion Center Jersey Breeders Cattle Exhibition Special invitations are issued to Chamber of Commerce members and other businessmen to attend the event. The notice notes also the upcoming dedication of NuMine Presbyterian Church with exercises next Sunday afternoon and evening.
Congressional sources reveal explosive papers claiming France sought to break the oil cartel in 1973 and that Kissinger favored cooperation with the oil producers. The notes say higher prices followed and accuse Kissinger of underestimating economics in favor of Middle East diplomacy.
Victor Riesel analyzes the June 2 decision by five Nixon appointees led by Justice Powell that pushes labor unions into anti trust coverage. The ruling against Local 100 opens unions to jury awards and possible bankruptcies, reshaping bargaining beyond wages into subcontracting and plant shutdowns.
In a satirical Washington column, Kipness touts WANGO a plan to fire ten submarines from a missile to pressure Soviets in SALT negotiations. The piece parodies defense hype and MIRV MARV mismatches while joking about AWACS B-1 and Shah of Iran arms sales.
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