Economy Slows Sharply In Second Quarter Growth
Washington Post reports the Commerce Department says GDP rose 2.6 percent annualized in Q2, down from 8.7 percent prior quarter, with 6.8 percent inflation. Officials discuss soft landing risks, wage price controls, and capacity limits across sectors.
Economy At A Glance Key Phase 4 Impacts and GDP Dip
Washington reports Phase 4 price rules force gasoline price rollbacks in parts of the country. George Meany and Earl Butz criticize and Treasury Secretary Shultz pledges inflation improvement. GNP shows real growth at 2.6 percent for April to June, down from 8 percent earlier. Hog prices rise at Chicago Joliet center while farmers wait for higher offers.
MENTIONED IN THIS ARTICLE
Treasury
George P. Shultz
White House
Shultz
Washington
Cost of Living Council
George Meany
Afl-Cio
GNP
Commerce Department
Butz
Earl L. Butz
Senate
Chicago- Joliet
Senate OKs 2.20 minimum wage bill despite veto fears
The Senate passed a 2.20 an hour minimum wage plan matching much of the House bill. It would raise nonfarm wages from 1.60 to 2.20 and farm wages from 1.30 to 2.20 with staged increases over 60 days and a year, extending coverage to domestics and some farm workers. A veto remains likely.
MENTIONED IN THIS ARTICLE
Okun
Senate
House
Reaction To Board Stand On Secret Talks
La Crosse School Board voted 8 to 0 to close 1974 contract talks with the La Crosse Education Association and bar actions beyond joint press releases. Mayor Gilbertson urged open sessions and open disclosures, while Kuechmann dissented, urging joint releases but opposing unilateral secrecy. He called for public access to bargaining progress and noted open janitor talks as a contrast.
MENTIONED IN THIS ARTICLE
Robert Kuechmann
la Crosse Education Association
W. Peter Gilbertson
la Crosse Area
The
Minority Report
Kuechmann
Gilbertson
Wisconsin Senators Back Minimum Wage Rise to 2.20
Senators William Proxmire and Gaylord Nelson, both Democrats from Wisconsin, joined the majority as Congress passed a bill raising the minimum wage to 2.20 dollars per hour and extending coverage to seven million workers. The final vote was 64 to 33.
MENTIONED IN THIS ARTICLE
Washington
William Proxmire
Gaylord Nelson
Wisconsin
Senate
Authorities Identify Youth Who Died At Fair
The 16-year-old Edward R. Hill of Superior died near West Salem after smoking marijuana and sniffing deodorant at the La Crosse Interstate Fairgrounds. Authorities list suspected cause as respiratory insufficiency. An autopsy was performed and the investigation continues.
MENTIONED IN THIS ARTICLE
Superior
la Crosse Interstate Fairgrounds
West Salem
Edward R. Hill
Raymond G. Hill
Hill
Joseph
la Crosse County
Nixon Leaves Hospital To Work Full Tilt
President Nixon told hundreds of White House staff after leaving Bethesda Naval Medical Center that resigning before his term ends is "just plain poppycock." He urged continuing hard work and said no one can slow down in this difficult era, while doctors advised more rest.
MENTIONED IN THIS ARTICLE
Washington
Nixon
White House
Rose Garden
Bethesda Naval Medical Center
Watergate
Pentagon reverses on who ordered Cambodia bombing records
The Pentagon shifts blame for falsifying records of 1969 70 B52 raids on Cambodia from SAC to Washington with no clear culprit. officials say top defense leaders ordered security measures for diplomatic reasons while the mechanics were worked out by the joint staff and SAC.
MENTIONED IN THIS ARTICLE
Washington
Pentagon
Cambodia
Jerry W. Friedheim
SAC
Strategic Air Command
Friedheim
Senate
Melvin R. Laird
Nixon
U.S
Norodom Sihanouk
Children’s Day Draws Large Crowd to La Crosse Interstate Fair
West Salem Wisconsin crowds swell at the La Crosse Interstate Fair as Children’s Day joins the weekend. Fair president John Sleik reports Wednesday attendance at 35 000 to 40 000 with Thursday expected to surpass that figure. junior and open class beef and swine judging and the junior fair horse show are finished. Free admission from noon to five p.m. and youth building exhibits completed earlier. Mustang Helldrivers are set to perform.
MENTIONED IN THIS ARTICLE
West Salem
Wis
la Crosse
John Sleik
Fair Board
County asks Congress for funds to update flood plan
La Crosse County seeks federal appropriations to update the Ebner Coulee flood control project plans drafted by the Army Corps of Engineers. Supervisor Elizabeth Gundersen says the request commits no funds and aims to begin flood control work in the two coulees. The article also lists weekend events at the farm fair including cattle judging and shows.
MENTIONED IN THIS ARTICLE
la Crosse County
Congress
Ebner Coulee
Elizabeth Gundersen
34Th Dist
US Army Corps of Engineers
Coulees
IRA Chieftain and 16 Men Captured in Belfast Raid
In Belfast the IRA’s local commander and 16 men were captured as a British Army sweep netted 14 IRA members. Gerry Adams, aged 24, and the brigade staff were seized. A militiaman died and a tavern blast killed another as the conflict escalated.
MENTIONED IN THIS ARTICLE
Belfast
Northern Ireland
Irish Republican Army
Reland
Gerry Adams
Adams
IRA
Irish Republic
Londonderry
Weekend Weather Outlook Mostly Cloudy With Showers
Forecast shows mostly cloudy conditions with a chance of showers or thunderstorms Friday night into Saturday. Temperatures inch up to a high near 80 Saturday and a low around 62 Friday night. Northeasterly winds 10 to 15 mph. Precipitation chances 40 percent. Sunday remains cloudy with a new chance of showers.
Wisconsin Chief Justice Hal lown calls 140 leaders for reform drive
Wisconsin Supreme Court Chief Justice Harold Hallows urges 140 community leaders to start a statewide citizens movement for court reform. The report notes the effort aims to pressure changes in the judiciary and improve public access to justice.
MENTIONED IN THIS ARTICLE
Wisconsin
Supreme Court
Harold Hallows
State aid formula aims to equalize school funding
State aid to local school districts involves hundreds of millions of dollars aimed at equalizing resources between well-to-do and poor districts. Few taxpayers and legislators understand the formula, writes John Wyngaard from Madison.
MENTIONED IN THIS ARTICLE
John Wyngaard
Madison
Also Mentioned on This Page
Washington Post
Arthur M. Okun
Brookings Institution
Council of Economic Advisers
Johnson
Herbert Stein
Federal Reserve Board
Harrison A. Williams Jr
D-N.j
Williams
Hugh Scott
la Crosse Interstate Fair
Steve Pfaff
Mindoro
Jan Radcliffe
Angus
Tribune
Junior Fair
Farm Progress
Jimmie Dickens
Ann Landers