Government loan guarantees urged to avert corporate collapse
Federal Reserve chairman Arthur Burns urged a $2 billion government loan guarantee system to aid large firms facing bankruptcy. He warned even creditworthy banks may struggle to lend during tight money conditions, citing risk to jobs and markets.
MENTIONED IN THIS ARTICLE
Washington
UPI
Federal Reserve
Arthur Burns
Burns
Senate Banking Committee
Lockheed Aircraft Corp
Lockheed
Jacob K. Javits
R-N.y
Youth in critical condition after A Street motorcycle crash
17-year-old Robert A. Williams of Elm Lane suffered head and internal injuries in a North A Street crash at 12:35 a.m. He is at Goleta Valley Community Hospital for neurological evaluation after treatment at Vandenberg AFB Hospital. passenger Roger Banard, 16, is in satisfactory condition with a fractured leg and cuts. A separate bicycle collision injured 12-year-old Larry Helm at F Street and Cypress Avenue.
MENTIONED IN THIS ARTICLE
Lompoc Valley
Goleta Valley Community Hospital
Robert A. Williams
Federal Correctional Institution
Vandenberg Air Force Base Hospital
Goleta Hospital
Goleta
Williams
Roger Banard
Calle Nueve
Mission Hills
California Highway Patrol
Banard
Larry W. Helm
RFD 339
Lompoc
Lompoc Hospital
F Street
Cypress Avenue
Justice Department Wins Battle Over Times Vietnam Report
A federal judge issued a temporary injunction barring the New York Times from publishing its Pentagon Vietnam report series. The DOJ claims the top secret material jeopardizes national defense, while the Times insists the public has a right to know. A hearing for a permanent injunction is set for Friday morning as the case heads toward possible Supreme Court review.
MENTIONED IN THIS ARTICLE
New York
UPI
Justice Department
New York Times
the Times
Murray Gurfein
The
Times
Supreme Court
John N. Mitchell
U.S
Whitney North Seymour Jr
United States
Pentagon
Defense
Robert S. McNamara
Press
Gurfein
Washington
FBI
Indochina
Truman
Johnson
Hancock College trustees OK tentative budget rise near one million
Allan Hancock Community College District trustees approved a tentative budget raising outlays by about 1 million to 4.9 million including future construction plans and a Lompoc satellite campus while resisting a cost of living increase and keeping property tax at 50 cents. President Walter Conrad warned enrollment growth could force more admissions limits if not restrained.
MENTIONED IN THIS ARTICLE
Allan Hancock Community College
Lompoc
Espionage fears rise over Times Vietnam series texts
Washington officials fear a wider security breach from the New York Times top secret Vietnam war history series. Authorities warn that published diplomatic and military cables could enable Soviet deciphering of other U.S. messages, prompting a Justice Department court order to halt further publication.
MENTIONED IN THIS ARTICLE
Washington
UPI
Senate
U.S
Vietnam
George S. McGovern
D-S.d
Mark O
New York Times
White House
Johnson
South Vietnam
Soviet Union
Saigon
Indochina
Times
Pentagon
Proposed jail agreement sparks Lompoc council debate
City Administrator Gene Wahlers proposed a $2000 monthly county payment for jail use for 1971-72, but County AOs' note suggested $1000. Council split 4-1 to redraft at $1500, fearing county shift to Santa Maria substation. Wahlers urged exiting jail operations. council warned against moving operations and inconveniencing residents.
MENTIONED IN THIS ARTICLE
Lompoc
Gene Wahlers
Wahlers
Raymond Johnson
Board of Supervisors
Art Scott
Sol Lefkowitz
Scott
Santa Maria
George Cotsenmeyer
Egypt rejects Rogers Middle East pact claim
Egypt bluntly disavowed United States remarks about five areas of agreement with Israel on the Middle East. Cairo insisted on Israeli withdrawal from the east bank of the Suez Canal, Israeli crossing rights for Egyptian forces, and a six month cease fire. Beirut sources warned of rising tension as Egyptian troops on the canal were placed on maximum alert, though hope persisted for reopening the canal with quiet diplomacy.
MENTIONED IN THIS ARTICLE
United Press International
Egypt
Middle East
Cairo
William P. Rogers
Washington
Israel
Suez Canal
Rogers
East Bank
Canal
Beirut
Also Mentioned on This Page
South Vandenberg Air Force Base
United Technology Corporation
Nixon
Janet Annenberg Neff
W. Ocean Avenue
Flower Festival Committee
H Street
Hancock College
Senate Investigations Subcommittee
U.S. District Court
Walter Conrad
Conrad
Edmund Burke
Owen Rice
Lefkowitz
Sheriff's Department
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