Companies slash spending plans amid recession signs
Government reports show firms cutting production to reduce unsold stock as unemployment likely rises. The Federal Power Commission raised natural gas prices to 50 cents per thousand cubic feet, boosting residential bills by up to 16 percent by 1978. Commerce notes capital spending at 118.8 billion, with inflation eroding growth. Gold prices fell sharply after the U S moves to the bullion market. Unemployment is expected to climb from 6 percent in October with November data due.
MENTIONED IN THIS ARTICLE
United Press International
Theederal Power Commission
FPC
Commerce Department
Ford
U.S
Labor Department
Brown vetoes ball as California inaugurations shift
Sacramento UPI says Edmund Brown Jr. rejects a formal inaugural ball, stating it does not fit his style. he will take office January 6, 1975, and will instead hold a dignified ceremony. Lt. Gov elect Mervyn Dymally plans public dances January 3 in LA and January 5 in Sacramento, following fundraising dinners to aid campaign debt. Brown also announces transition staff appointments.
MENTIONED IN THIS ARTICLE
Sacramento
UPI
Edmund Brown Jr
California
Ronald Reagan
Brown
Mervyn Dymally
Los Angeles
Dymally
Secretary of State
Anti smog measure falters in Assembly over delay plan
Supporters failed to gain a two thirds vote to waive rules on a bill blocking enforcement of new smog rules for used cars in the South Coast Air Basin. A 90 day moratorium was proposed with broader action to repeal the law pending.
MENTIONED IN THIS ARTICLE
Sacramento
API
Highway Patrol
Assembly
South Coast Air Basin
Los Angeles
Senate
Nate Holden
Dculver City
Patrol
Gold dives after U S auction of 2 million ounces
Gold prices plunge as America sells 2 million ounces, hitting a four week low in London and sliding to around 170.50 in midmorning trading. Zurich markets opened at 174 as dealers cite heavy selling and fears of further declines.
MENTIONED IN THIS ARTICLE
Brussels
UPI
America
London
Zurich
Washington
Sharps Pixley
Jupiter Pictures Stir Debate on Life Possibility
Mountain View California UPI reports Pioneer 11 images of Jupiter show orange hues possibly from organic molecules that could form life. Scientists cite ammonia methane hydrogen and water as Earth's life chemistry analogs, while ammonia hydrosulfide clouds are another theory rejected by some.
MENTIONED IN THIS ARTICLE
Mountain View
Calif
UPI
Jupiter
Earth
Tom Gehrels
University of Arizona
Pioneer
Bradford Smith
University of New Mexico
Keith Kvenvolden
NASA
Rockefeller denies grand plan in vast family business
Laurance Rockefeller told House Judiciary Committee that no family member profits from Nelson Rockefeller’s vice presidency and that the Rockefellers have never acted as a unit. He also called a 1970 anti Goldberg book a mistake and disclosed a $30 000 loan to William E Miller in 1961. In a separate note, Boston buyers bought seized lobster tails at 1.37 per pound.
MENTIONED IN THIS ARTICLE
Washington
UPI
Nelson A. Rockefeller
Laurance
Rockefellers
Nelson
Laurance Rockefeller
House Judiciary Committee
Rockefeller
Congress
Senate Rules Committee
Arthur
Miller
White House
A. Russell Ash
Henry A. Kisssinger
National Security Council
Boston
U.S
New
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Ball
Europe
Security Pacific Bank
Vandenberg Village
Joseph Stanek
Beth Craig
Don Holcomb
Safeway
FBI
House
Ladera
Monterey
Ronald Kretzinger
Campbell Road
rSs Y Community Funeral Directors
Ards
Ibankamericard
Rvg
First Valley Ban
Lompoc
H” & Walnut
F.D.J.C
Chirisimisith
Kodak
Howard
Mike
Pues
Lompoc Plaza
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