Nixon Lifts Surcharge On Imports In Bermuda Talks
President Nixon arrived in Bermuda for two days of summit talks with Prime Minister Heath and announced he signed a proclamation lifting the 10 percent surcharge on foreign imports. The move, tied to Group of Ten currency realignments, aims to speed up trade and monetary discussions as relief efforts for East Pakistan unfold. Heath welcomed the decision as ally support for broader aid and European participation to reduce reliance on the Soviet Union.
MENTIONED IN THIS ARTICLE
Hameron
Bermuda
Nixon
Edward Heath
United States
East Pakistan
Washington
Heath
Stantly
France
West Germany
Soviet Union
Peking
Moscow
America
New Intelsat Satellite Hits Perfect Path
Cape Kennedy reports the launch of an Atlas Centaur mission sending Intelsat 4 toward a stationary 22 300 mile orbit above the Atlantic. A ground station at Andover Maine will fire a motor to place the 3094 pound satellite into position joining the first Intelsat 4 to form a global network for telephony and television between the Americas and Western Europe. Each satellite can handle 6000 calls or 12 color TV programs. Eight satellites planned to replace Intelsat 3 capabilities.
MENTIONED IN THIS ARTICLE
Cape Kennedy
Fla
Atlantic Ocean
Nat
Andover
Maine
South America
Europe
MIGs join air battles as four US jets downed near Laos
U S pilots lose four F 4 Phantoms in border battles with North Vietnamese and Soviet built MIG 21 interceptors. The 2 day loss is the largest since 1967 and 1963, with three crewmen rescued and one missing. North Vietnam reports the downed crews. Next page note MIGS see Page 4.
MENTIONED IN THIS ARTICLE
U.S
Saigon
Laos
Hanoi
North Vietnam
Kenneth Roth Wells
Leland Louis Hildebrand
Samuel Richard Vaughan
Kenneth R. Johnson
O’brien
Supreme Court bars tax exemption for private white schools
The Supreme Court affirmed a decision denying federal tax exempt status to private white schools formed to avoid desegregation. The ruling upheld a lower court finding that exemptions aided segregation by draining teachers and students from public schools. Other actions included a challenge to California nude dance bars and a Texas Gulf Sulphur insider trading case.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
U.S. District Court
California
Texas Gulf Sulphur Co
Een Skaeivest Ste Wosisted
American dollar gains strength in European currency dealings
The Swiss government set the new dollar parity for the franc at 3.84, a 6.4 percent rise from last May. Gold backing is unchanged. Zurich and London quotes fell and rose amid market limits. Paris froze amid the franc’s new parity of 5.1157 per dollar.
MENTIONED IN THIS ARTICLE
Frankfurt
Zurich
Washington
Switzerland
Group of Ten
American Express
Paris
White Christmas Outlook Focuses On Warmer Weather
Clear skies and mild temperatures dampen prospects for a white Christmas in the Southwest. The weatherman expects today’s high in the upper 50s with warmer tonight and Tuesday afternoon highs reaching the mid 60s.
Bhutto vows to build a new stronger Pakistan
Pakistan's new president Zulfi kar Ali Bhutto pledged to create a "new" and "strong" Pakistan in a national Radio Pakistan address after Yahya Khan resigned ending 13 years of military rule. He urged public support, warned against renewed war with India, and emphasized unity while the army retains influence.
MENTIONED IN THIS ARTICLE
Bhutto
Pakistan
Zulfikar Ali Bhutto
Radio Pakistan
Agha Mohammed Yahya Khan
Yahya Khan
India
United States
United Nations
Nixon
U.S
Joseph S. Farland
Islamabad
Ture
Sheik Mujibur Rahman
Bangladesh
Rome
Washington
New Delhi
Pakistan People’s Party
National Assembly
West Pakistan
Sheik Mujib
Awami League
East Pakistan
Tax cuts take effect January boosting most taxpayers
Cuts in federal income taxes start Jan 1 giving many Americans more take home pay. The standard exemption rises from 675 to 750 for individuals and dependents, the higher Social Security ceiling increases the wage base, and the 15 percent standard deduction replaces 13 percent. Low income standards rise to 1300, while a potential snag may pressure single filers to avoid higher rates.
MENTIONED IN THIS ARTICLE
Mike Shanahan WsHindon
Internal Revenue Service
Congress
IRS
Also Mentioned on This Page
Government House
Intelsat
Sheridan and
Lee
Lee Boulevard
Sheridan
Plain of Jars
Pathet Lao
Muong Suoi
Maj
Robert O’brien
Don
London
THE
Associated Press
Mujib
Rawalpindi
Yahya
Nuril Amin
Mohammed Asghar Khan
Air Force
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