Ford shifts emphasis to fighting recession amid surtax retreat
President Ford signals a pivot toward recession relief as White House adviser Ron Nessen says the president has dropped the Oct. 8 5 percent inflation tax proposal. Ford plans to sign a $2.75 billion supplemental bill funding unemployment benefits and 100000 new public service jobs while ski chalet festivities end a 12 day holiday.
MENTIONED IN THIS ARTICLE
Vail
Colo
White House
Ron Nessen
Ford
Nessen
Nelsen
Washington
Agriculture Department
Environmental Protection Agency
Betty
Mixed reactions greet New Year as public mood cools
Americans faced a bleak economic outlook and inclement weather as 1975 began. At the Waldorf Astoria 1100 people paid about 75 each to celebrate with Guy Lombardo, while 45000 gathered on 42nd Street to watch the Allied Chemical Tower ball drop.
MENTIONED IN THIS ARTICLE
Holiday Inn
Bethesda
San Francisco
New York
Waldorf- Astoria Hotel
Guy Lombardo
Waldorf
42Nd Street
Broadway
Allied Chemical
Cleveland
Ralph Perk
Terminal
Charlotte
N.C
Bill Reynolds
Decatur
Ala
Robert Howell
Los Angeles
Forest Lawn
1975 Debuts Bright as Lawrence Sees Clear Skies
Lawrence residents welcomed 1975 with bright conditions and clear skies. Temperatures will dip to the upper teens and low 20s tonight, with daytime highs in the 30s. The National Weather Service notes less than 20 percent precipitation tonight and Thursday, with clouds increasing Thursday afternoon.
MENTIONED IN THIS ARTICLE
Lawrence
National Weather Service
Ford administration weighs $3 oil price hike and rationing
Government sources say Ford aides consider raising imported oil prices by $3 per barrel and boosting gasoline costs to curb consumption. A standby gasoline rationing plan could be revived only as a containment measure for shortages.
MENTIONED IN THIS ARTICLE
Washington
Ford Administration
Frank G. Zarb
Federal Energy
Cabinet-level
Energy Resources Council
Ford
United States
Treasury
Journal-World Index Clear Skies
Index page notes clear skies and upcoming items listed on page 17 with brief summaries of local events. Readers are guided to review page 17 for full listings and details on community notices and features.
Rates Cut for Home Loans as Gov Agencies Act
Washington reports two government bodies lower mortgage costs for buyers. HUD reduced rates on an 8 percent program to 8 percent, saving about six dollars monthly on a 35 000 loan. Fannie Mae auction prices fell for the eighth straight time, with average yield at 9.471 percent on 31.8 million in government insured mortgages.
MENTIONED IN THIS ARTICLE
Washington
Ford
Federal National Mortgage Association At
The
Association
Fannie Mae
Communist Forces Overrun Phuoc Binh District Town
In Phuoc Long province Saigon reports a tank-led assault overruns Phuoc Binh district town the fourth in the province to fall since December 14 and the eleventh in South Vietnam since the cease fire. Sixty wounded or missing and 42 government troops unaccounted for after heavy fighting around Van Kiep base camp.
MENTIONED IN THIS ARTICLE
Saigon
South Vietnam
Phuoc Binh
van Kiep
Cartier’s Cartier’s Fifth Avenue doors left open on New Year’s Eve
New York AP Cartier’s on Fifth Avenue unlocked after hours on New Year’s Eve. A shopper alerted police and investigators found employees rushing to close up. Chief engineer said business awaited upstairs as lock confusion occurred. President Montezinos called it a foolish oversight.
MENTIONED IN THIS ARTICLE
New York
Cartier’s
Fifth Avenue
Gilbert Kerlin
Wew Street
Raymond Sweeney
Sweeney
Cartier
Alfred Montezinos
Gold rush fades as Lawrence sees little demand
The 41 year ban on gold buying was lifted but local banks in Lawrence report no customer interest. Banks planned to buy for clients via larger cities, yet only minimal inquiries and no sales occurred as gold prices fluctuated nationally. PJ's Cains will offer gold by week’s end with pennyweight and one ounce bars priced to market.
MENTIONED IN THIS ARTICLE
Lawrence
Harold Scheve
Douglas County State Bank
Panama
Steve Matthews
Lawrence National Bank and Trust Company
Lynn Anderson
First National Bank of
Paris
London
Doug Black
Kansas City
Bache & Co
Merrill Lynch, Pierce, Fenner & Smith, Inc
Republic National Bank of New York
One New York Stock Exchange
H. O. Peet & Co., Inc
Wisconsin
South Dakota
Connecticut
New Hampshire
Kentucky
Indiana
Tennessee
West Virginia
New York
Georgia
Massachusetts
Kenn Ragland
University State Bank
Mellon Bank of Pittsburgh
First City National
Bank of America
Cains
Pj’s
Ner
Walt Ratliff
Ratliff
Also Mentioned on This Page
Linda Sommer
Associated Press
Raney Drug
Journal-World Index
Television
Department of Housing and Urban Development
Vietnam
Trict Town
Phuoc Long Province
Nathaniel Jon Anthony
Lawrence Memorial Hospital
Robert Anthony
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