Economy shows mixed signals as Chrysler potential shutdown looms
United Press International reports looming December shutdown at Chrysler risking 113000 auto workers. Union leaders may hear of halted production while GM Ford layoffs total 92439 and sales drop across the big three. API notes ample gasoline stocks easing winter lines, coal utilities hold 80 day safety cushion, UMW memorializes slain leader as contract talks stall. Federal power warns natural gas supply cuts follow last winter.
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United Press International
Chrysler Corporation
United Auto Workers
Chrysler
Ford
General Motors
American Petroleum Institute
API
United Mine Workers
U.S. Bureau of Mines
UMW
Greece’s Caramanlis calls for unity after first free election win
Premier Constantine Karamanlis, 67, of New Democracy claims a clear majority in Greece’s 300-seat parliament after the first free election in a decade. He appeals to victors and vanquished to respect the people’s decision and support democratic rebuilding as final counts project 55 percent for his party.
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Athens
UPI
Constantine Caramanilis
Greece
New Democracy
Caramanlis
Auto workers approve Rockwell pact with pay rise
United Auto and Aerospace Workers Local 887 approved a three year contract with Rockwell International Co. by 93 percent. The deal raises pay and cost of living by 95 cents to $1 an hour in the first year and is retroactive to Oct. 2 when the old pact expired after negotiations begun Aug. 2.
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Los Angeles
UPI
United Auto and Aerospace Workers
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Saxbe urges government to watch FBI activities closely
Attorney General William B. Saxbe says the government must monitor the FBI to prevent a return to secret tactics used against domestic groups in the 1960s. He cites a Justice Department report on Hoover era abuses and warns Watergate like snooping could recur without vigilance.
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High court bars state oil taxes
The Supreme Court let stand a lower court ruling upholding the Federal Energy Administration action prohibiting state and local governments from collecting fees on crude oil sales through public utilities. California Louisiana and two California cities challenged the measure but the court declined to hear their appeals. The FEA retroactively eliminated exemptions from crude oil price ceilings effective October 1973.
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UPI
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New atomic particle discovered at Stanford and Brookhaven
Scientists at Stanford’s Linear Accelerator Center and Brookhaven National Laboratory report a new atomic particle with a lifetime 100000 times longer than any known. energy level just above three billion electron volts. could fill basic gaps in matter’s structure. Burton Richter and Samuel Ting lead the teams.
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Calif
UPI
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Linear Accelerator Center
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Upton
N.Y
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Panels examine costs of safety and environmental rules
Washington reports three committees launch reviews into federal safety and environmental regulations. Leaders say costs to consumers rise and competition may suffer, with debates over how many rules can be trimmed without harming quality of life. Engman accuses agencies of limiting competition through price fixing.
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UPI
Joint Economic Committee
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Rade Commission
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California Supreme Court Upholds Welfare Reforms Ruling
California Supreme Court declines to hear state appeal on two welfare cases. The court holds welfare laws cannot presume relatives housing needy children as a gift without rent, striking down a portion of payments to those living with relatives or parents on welfare.
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Washington
UPI
Supreme Court
California
State Supreme Court
Imperial Gold Coin Service opens at 70 offices
Imperial Savings offers legal purchase of pre 1960 gold coins through its Gold Coin Service with accounts of 1000 dollars or more. A wide range of U S and foreign coins including Liberty Indian head rubles pesos and ducats are available. Collectors can pick up a free Imperial Gold Coin Catalogue at any office in California.
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New
U.S
America
California
Imperial Savings
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