U.S. Plans 10 Percent Import Surtax Leverage in Currency Talks
U S officials say the 10 percent import surtax, imposed by President Nixon, will be used as a bargaining chip to press for a devaluation of the dollar by at least 10 percent against major currencies. The move aims to boost American exporters and curb imports, with talks to negotiate a new exchange rate structure as markets reopen.
MENTIONED IN THIS ARTICLE
Washington
UPS
United States
Nixon
Japan
West Germany
Nader alleges big land interests loot California treasury
The report by Ralph Nader and a 25 member task force accuses Southern Pacific Railway and other firms of looting state funds and land, criticizing Gov Ronald Reagan. Volume I cites 13 percent of private lands held by 25 landowners and 61 percent by 45 firms, with major holdings by Southern Pacific 2.4 million acres and Standard Oil of California 306,000. It questions land grants and criticizes Water Project costs and insurance premium practices. Volume II set for release in Los Angeles.
MENTIONED IN THIS ARTICLE
Washington
UPI
Ralph Nader
California
Nader
Southern Pacific Railway
Ronald Reagan
Reagan
Southern Pacific
Pacific Gas & Electric Co
Occidental Petroleum Co
Georgia Pacific Corp
Standard Oil of California
Standard Oil of
Nixon
Robert C. Fellmeth
Stanford University
California Bar
San Francisco
Los Angeles
Administration to take Texas to court over wage raises
The Nixon administration prepared civil action in Austin to force Texas Governor Preston Smith and State Treasurer Jesse James to halt pay raises for 132,000 Texas teachers and state workers. The move follows Smith's defiance of the wage price freeze, amid broad political and labor opposition and poll support for the plan.
MENTIONED IN THIS ARTICLE
Washington
UPI
Justice Department
Texas
Preston Smith
Smith
Nixon
Austin
Jesse James
White House
Park
Progressive Labor Party
Students For A Democratic Society
San Clemente
Calif
Sin
Reagan silent on Nader task force report on California power
Gov. Ronald Reagan will not comment until receiving a copy of the Ralph Nader task force report criticizing California power and land use. The two-volume study urges Gianelli’s removal and even halting the State Water Project, which Gianelli defends.
MENTIONED IN THIS ARTICLE
Sacramento
UPI
Ronald Reagan
Ralph Nader
California
Ed Gray
Nader
Gianelli
Nixon aides release secret 1969 SST report urging termination
The Ad Hoc Supersonic Transport Review Committee led by Richard Garwin recommended ending SST prototype development and withdrawing government support. The 18 page report, prepared in 1969, argued the fixed sweep design would perform poorly and save about 47 million after April 15, 1969. Critics say the report counters SST manager Magruder's stance and boosted FOIA efforts by ACLU and environmental groups.
MENTIONED IN THIS ARTICLE
William M. Magruder
UPI
American Civil Liberties Union
Friends of the Earth
The
Sierra Club
ACLU
Conservation
Boeing Co
Lompoc Considers Special Session Over Nixon Wage Freeze
City Administrator Gene Wahlers informs Lompoc City Council of possible Aug 31 special session if Nixon wage and price freeze affects planned utility rate hikes. Budget cuts and a 19 cent property tax rise could offset a $105,000 six month loss if rates cannot be increased Sept 1 and Oct 1. The council had set 1971-72 tax at $1.68 per $100, with potential rise to $1.87. Washington is expected to rule on the freeze's impact on city finances.
MENTIONED IN THIS ARTICLE
Gene Wahlers
Lompoc
Nixon
Wahlers
U.S. Helicopters Grounded Along DMZ as Bombardment Rages
The U.S. command orders all observation OH6 helicopters grounded after intense North Vietnamese antiaircraft fire near the DMZ. Four helicopters were shot down and crewmen wounded. B52 bombers conduct multiple waves dropping over 1.2 million pounds of bombs along a 25 mile defense line amid ongoing heavy fighting.
MENTIONED IN THIS ARTICLE
Saigon
Dmz
North
South Vietnam
U.S
Sarge
Mai Loc
Fuller
Also Mentioned on This Page
Surtax
Treasury
Agriculture Department
American Federation of State
Aflcio Council
George S. McGovern
D-S.c
Tampa
Fla
McGovern
Indianapolis
Commerce
Maurice Stans
Cost of Living Council
Gov. Reagan
William R. Gianelli
Nader Group
Bill Gianelli
Albuquerque
Arthur Scott
Channel Counties
League of California Cities
Lions Inn
Ray Praeter
Port Hueneme
League
Dale Mitchell
Morro Bay
Allan Coates Jr
Carpenteria
Robert Lagomarsino
Rojas
U. S. District Court
U. S. Court of Appeals
District Court
National Labor Relations Board
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