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Newspaper
Lawton Constitution
Location
Lawton, Oklahoma, United States of America
Date
Feb 04, 1975
Page
1
Oklahoma Employment Security Commission reports a $63 million reserve and a bright outlook despite nationwide unemployment issues. Commissioner Raymond Crump says solvency should hold this year and next, with projected payouts around $30 million and tax revenues near $39 million from 42 000 employers.
An Arctic cold front moves into the Lawton area with cloud cover and cooling temperatures. North winds 10 to 20 mph expected tonight with overnight lows in the upper 20s. Wednesday highs near 40. Monday saw a high of 44 and a low of 41 with precipitation totaling 0.75 inches. Feb rainfall at noon stands at 1.06 inches.
Washington AP report says the Ford administration's economic outlook projects unemployment above 8 percent this year and into early 1976. December jobless rate stood at 7.1 percent as energy costs stay high.
Treasury Secretary William E. Simon testifies against a Democratic plan to raise the money supply and lower interest rates. The House banking subcommittee weighs a six percent six-month expansion backed by Chairman Henry Reuss.
Fort Sill reported total disbursements of 81.99 million for Oct-Dec 1974, down from 77.74 million in July-Sept 1974 due mainly to seasonal service contracts. Military payroll rose to 29.62 million, civilian payroll to 10.43 million, while military and civilian populations eased slightly. A public information office spokesman called the drop seasonal and not concerning.
A strong earthquake struck the Liaotung peninsula region in northeast China near the Bay of Korea. Japan's agency put the magnitude at 7.6 on the Richter scale with a related tremor reported on Kyushu. The U S Geological Survey placed the epicenter in Liaoning 400 kilometers northeast of Peking. No damage reports were received.
In Arden City and Hempstead area recruiters report rising enlistment interest due to economic recession and appealing incentives. Joseph George, 19, faced college costs and job loss before considering Army or Air Force options. Maj. Reusse notes the economy aiding recruiting efforts.
City officials approve a 5 million dollar bond sale for February 25 to fund water and street projects under the 7.5 million program and adopt a policy to solicit local engineering firms. They also place a mass transit question on the March 18 ballot and outline repayment terms and timelines for the bonds.
Cameron University sees 1300 to 1350 business majors last semester as 15 percent of all hours taught in the business school. Dean Bob Quinten notes growth since 1972 and says local economy woes have not deterred students from pursuing business studies. Include: job prospects for government and public relations careers influence interest. See BUSINESS, Page 4
Heavy clashes erupt as Khmer Rouge and government forces contest Prek Phnom seven miles north of Phnom Penh. Reported losses mount as rebels penetrate town center while government armor duels with insurgents and civilians flee toward Highway 5 amid mounting troop deployments.
A five Navy sal from South Vietnam was struck by gunners and mines while returning empty. A convoy with one tanker, three tugs and four rocket-shield barges sank 40 miles southeast of Phnom Penh after hitting a river mine string. All crew were rescued. three on a tug were wounded as navy gunboats ferried survivors. Subsequent reports noted incomplete details and a South Vietnamese government retreat amid pressure on Saigon's opposition press.
Nine year old Jonathan Meraz, a fourth grader from Eisenhower Elementary, counted the first 26 cars on Lawton 52nd Street finding most vehicles carried one occupant and teenagers more often had passengers. He wrote to President Ford with his results and received a White House reply from Roland Elliott. Jonathan and his family live at 32 SW 50th.
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