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Newspaper
La Crosse Tribune
Location
La Crosse, Wisconsin, United States of America
Date
Dec 26, 1973
Page
4
They completed a fast five day session with two bills on fuel shortage and shared tax distribution sent to Governor Lucey. He proposes a brief follow up to discuss long range siting and generation plans ahead of the January budget review. Budget caution and possible tax and welfare cost shifts loom as receipts may dip.
Congress ends the session with no agreement on a broad emergency powers outline for the President to handle energy and fuel, including price control relaxations and potential rationing. The White House proposal faces concerns that an excess profits tax could raise consumer prices. The President already has fuel allocation powers, raising questions about reliance on executive action without new legislation.
The Postal Service faces a near 20 percent revenue boost plan for 1974 with higher rates likely in a couple of months. A 10 cent first class stamp and 13 cent air mail are slated, plus increases for newspapers magazines and fourth class mail. The Cost of Living Council stepped in as the service prepared the changes.
Friends and kinfolk in Olympia Washington report bewilderment over 22 American prisoners who declined offers to return home. Moon Photo Service wins a 1954 contract to provide all X ray film to state institutions at an estimated $50 000. North Central Airlines carries 3337 pounds of mail on its first “Operation Mail Lift.”
Washington columnist Joseph Alsop contemplates a likely April scenario if President Nixon resigns. He notes worsening political poison and projects a heavier North Vietnamese winter offensive with at least 190000 troops, 600 tanks, a modern road net, and four jet airfields challenging South Vietnamese air power. The piece suggests implications for U.S. policy and leadership.
Sydney J. Harris surveys views on wealth, politics, and fate in American society. He cites Napolean and Babe Ruth, explores desire for power, and analyzes energy policy and looming impeachment debates, noting Rodino and Mills weigh spring decisions and public mood shifts.
Leo Lownik of Neillsville condemns Democratic support for a multimillion dollar MGIC grant hidden in a veterans home loan program. He cites past MGIC stock deals and warns the Veterans Affairs Board to resist the plan at its December meeting to protect the party's integrity.
AP reports the U S life insurance industry holds assets of 239 billion in 1972 including 86 billion bonds 27 billion stocks and 77 billion mortgages. Loans to policyholders exceed 18 billion and total assets with property and casualty insurers reach about 319 billion. Critics say insurers are too comfortable and not aggressive enough in accountability.
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