Reagan mulls ballot drive for tax rebate and tax plan
Gov. Ronald Reagan says prospects are remote for passage of his 852 million tax rebate and a proposed tax limitation amendment. He plans an initiative campaign to put both measures before California voters if they fail in the Legislature. Sen. Lagomarsino and Assemblyman Bagley push a compromise delaying the sales tax rise and earmarking 65 million for parks and earthquake safety.
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Robert J. Lagomarsino
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California
Senate panel questions $4 million university HQ move
In Sacramento the Senate Finance Committee grilled plans by the University and Colleges system for a Long Beach headquarters. Senators including Walter Stiern argued they were not properly notified. Chancellor Glenn Dumke defended the plan saying a LA base is cheaper and closer to nine campuses, while Sen. Randoph Collier urged possibly canceling the Long Beach site.
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Randolph Collier
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Monagan urges Moretti to quit as speaker or pause bid
Former Assembly Speaker Robert T. Monagan says Speaker Bob Moretti should resign his post or halt gubernatorial campaigning. Monagan, leaving the legislature for a Nixon administration post, argues the speaker cannot lead and run for governor at the same time. Moretti has begun public appearances for the 1974 Democratic primary.
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Lockheed to Build Shuttle Parts at Mississippi Test Facility
Lockheed Propulsion proposes to build and test major space shuttle rocket components at the Mississippi Test Facility in Hancock County Mississippi if awarded the contract. The plan aims to cut NASA program costs by about 20 percent through reduced transport and production costs between Michoud Louisiana and MTF.
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Three men arrested in Stennis shooting case
Three Washington men Derrick Holloway Tyrone Marshall and John Marshall were arrested on charges of attempting to assassinate Senator John C Stennis and armed robbery The Marshalls are brothers The FBI and police led the arrests with bond set at 100000 The shooting occurred January 30 outside Stennis home in Cleveland Park and left him critically wounded.
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U.S. Ready to Concede on Monetary Crisis Steps
U.S. officials led by Undersecretary Paul Volcker told transatlantic monetary experts in Brussels that Washington is prepared to make concessions to stabilize world markets. The move followed six rich Common Market members floating their currencies against the dollar and aims to support efforts by the Group of 10 finance ministers meeting in Paris. The six nations moved to float the mark franc and currencies of the Benelux and Denmark, with major markets remaining closed until next Monday.
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Handpicked Peron Candidate Wins Argentina Presidential Race
In Buenos Aires the military government named exiled former president Juan D. Peron as locus of influence declaring Hector J. Campora winner of the first presidential vote in a decade. Campora pledged not to serve until Peron returns from Madrid.
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Winter storm dumps heavy snow across Southwest
A vigorous late winter storm moved over the Southern Rockies blanketing Arizona and Utah with over a foot of snow. Rain and higher elevation snow spread into western New Mexico as the system edged east. Heavy snow warnings were in effect for Colorado and central New Mexico while watches covered parts of Colorado, Wyoming, Nebraska, Montana, and the Dakotas.
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United Press International
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Kennedy Aides Defend Ellsberg in Pentagon Papers Case
Former Kennedy brain trust members Arthur Schlesinger Jr McGeorge Bundy and John Kenneth Galbraith testified for Daniel Ellsberg in Los Angeles. They argued leaks including the Pentagon Papers did not harm national security and could benefit the United States by clogging Hanoi's planners with irrelevant data.
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