Space program funds win in House vote
The House approved a 3.4 billion NASA authorization with defeats of proposed cuts to Apollo 16 and 17 flights and space shuttle development. Debate centered on redirecting funds to mass transit and Skylab while backers warned of restart costs. a separate offshore airport study cut was approved.
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Washington
House
Space Stations
Peter A. Peyser
D.-N.y
Apollo
James G. Fulton
R-Pa
Earth
Bella S. Abzug
D-N.y
U.S
Rand Corp
Transportation Department
Hughes Tightens Nevada Operations After Departure
Nevada operations of Howard Hughes see belt tightening as Hughes Tool Co gains control. Five Hughes hotels operate independently in Las Vegas with a focus on profitability. Robert Maheu, fired in 1970, sought control but lost. a weekly $50,000 salary cap on entertainers was imposed, prompting at least one departure.
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Las Vegas
Nev
Nevada
Howard Hughes
Keystone
Hughes Tool Co
Hughes
Sands
Desert Inn
Landmark
Frontier
Castaways
Hughes Resort Hotels
Tool Company
Robert Maheu
The
Interest Hike Has Federal Backer
Washington AP The head of Fannie Mae says the government backed mortgage rate ceiling should rise if upward pressure on rates continues. Oakley Hunter the association president notes the current 7 percent ceiling and says without a rate turnaround an increase is warranted to reduce the discount.
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Washington
Federal National Mortgage Association
Association
Oakley Hunter
Fannie Mae
Federal Housing Administration
Hunter
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Rex Strunk
Rem
Schendel
Minnesota
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Jim Clark Motors
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Bassett