U.S. Posts Record 917 Million Dollar Trade Surplus in February
The Commerce Department reports February exports at 8.789 billion and imports at 7.872 billion, yielding a record 917 million dollar surplus amid sharply lower oil imports the deepest since the 1973 Arab embargo. Analysts cite recession or tariff effects on oil imports.
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Morton to be named commerce secretary
Interior Secretary Rogers C B Morton is expected to be named secretary of commerce by President Ford. He would replace Frederick B Dent who was sworn in as U S special representative for trade negotiations. Morton is a longtime Republican from Maryland and Yale graduate.
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Californians back gun control and registration measures
The California Poll finds a growing majority favor gun ownership restrictions and universal gun registration. Support among gun owners rises from 55 percent in 1969 to 73 percent today, while 82 percent overall favor registration. Mail order sales prohibition drops from 80 percent to 65 percent.
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Former Alcatraz inmate blocked by boat full on visit
John McDonald, 63, a former Alcatraz prisoner and merchant seaman, failed to board the daily sightseeing boat due to full capacity. He recalled three years as a military prisoner on the Rock in the 1920s and once attempted to swim from the island. He was told by the National Park Service to wait a week, a delay he rejected as ridiculous.
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Blizzard hits mountains and Midwest with heavy snow
Wind whipped blizzards crippled Purgatory Ski Area, delayed services in Paradise, and brought fresh snow to Hell Mich. Snow stretched across much of the western to midwestern states, with 30 to 35 inches in places. Telluride and Purgatory tops depths rose as agricultural fears grow over winter wheat.
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Kissinger aid plan finds little congressional support
Secretary of State Kissinger urged a three year halt to most aid to South Vietnam but Congress offered scant backing. Senator Church and Pearson discussed compromise, yet aides said nothing was developing. Other lawmakers proposed cutting military aid while allowing some economic help amid stalled negotiations. Kissinger warned abrupt cuts could jeopardize Vietnam and Cambodia.
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Proposal for a deepwater terminal at Estero Bay
Standard Oil Co of California official Jules Mayer urged a deepwater terminal at Estero Bay to cut spill risk. He described design focusing on spill elimination, training, maintenance, and rapid cleanup and response capabilities to protect the bay’s environment.
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PUC nominee linked to Nixon enemies list
Hillsborough businessman Robert Batinovich named on Richard Nixon enemies list after becoming state Public Utilities Commissioner under Gov. Brown. He says the inclusion arose from campaign contributions to McGovern and McCloskey in 1972. Batinovich, 38, heads Copico, a coin operated copy firm based in San Mateo.
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Younger seeks end to fair trade and milk price laws
California Attorney General Eveile J. Younger proposes abolishing fair trade and milk pricing laws to lower store prices. He backs keeping minimum liquor price setting and calls for controls on hearing aids, plus repeal of laws banning drug price advertising and generic substitution. The plan stems from his inflation fighting committee report.
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Unemployment Claims Drop Amid Recession Signs
The Labor Department reports first time unemployment claims for mid March fell below half a million for the first time since November while total unemployment benefits rose to 6.5 million in early March. New claims for the week ending March 15 declined by 73,200 to 49,200, as economists note slower job-creation losses and a stabilizing trend. The Dow rose 18.30 to 766.19 on stronger tax rebate news and easing Middle East concerns.
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Energy saving tips for a cooler home
The note advises setting daytime temperatures to 68 degrees and 60 at night, claiming a 10 percent fuel reduction if the thermostat is lowered by six degrees this year. It suggests using sunlight to warm the home, closing drapes in the evening, shutting chimney dampers after fires, and continuing with additional energy saving steps.
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