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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
Las Vegas Sun
Location
Las Vegas, Nevada, United States of America
Date
Dec 24, 1975
Page
6
The Las Vegas Sun editorial urges proactive planning at McCarran International Airport amid growth and potential noise lawsuits from nearby residents. It cites Reno’s Home Gardens case and recommends studying alternatives and master plans through 1995 to handle future jet traffic without disrupting service or economy.
A large Arizona headquartered thrift with subsidiaries faced SEC accusations of fraud and a receiver was appointed. Tens of thousands of investors risk losing about $60 million, with few insured deposits. the private insurer claimed up to 40 000 per account, but may be insolvent. Federal agencies FDIC FSLIC and NCUA provide true coverage and strict audits, unlike the firm’s claimed insurance.
Robert Rosefsky notes the annual surprise examination by the federal insurance agency is thorough and precise. Audits count cash and review loan procedures in detail, with decades of agency experience catching lax practices and ready to act, including tapping the Treasury to pay claims if needed. No federally insured account has lost a penny due to bank failure. Federally insured institutions must display this as assurance of safety.
A Washington circulation reports President Ford approved a campaign fund raising self mailer bearing the White House return address for 2.1 million dollars to GOP voters. White House officials deny comment while questions mount about legality and disclosure of contributions as the mailer circulates.
A Ford for Congress fundraising appeal urges maximum contributions to elect a Republican House, led by Jerry Ford and Guy Vander Jagt. The letter emphasizes near 100 percent participation and cites the slogan 76 in 76, amid criticism of White House power use and past policy bets.
In a TV interview Senator Sam Ervin calls the proposed consumer protection agency the most dangerous legislation, arguing it would empower a central administrator to interfere with business and government agencies. Ralph Nader backs consumer activists against a Republican business backlash.
Art Buchwald jokes with Chief Hard Nose of the Kalorama Indians about participation in the Bicentennial. The chief questions celebration while noting losses and gains from white settlement, trade, and land deals. The columnist argues about honoring past treaties.
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