Ford sees early inflation cut hopes in 1975
President Ford spoke at the White House promising a meaningful reduction in inflation early in 1975 if Congress and the public cooperate. He defended the 5 percent corporate and high income tax surcharge, arguing it will reduce federal borrowing and help home loans, while urging support for his overall economic program. Ford avoided commenting on Nixon’s pardon and announced a Mexico border meeting with President Echeverria on October 21 to strengthen relations.
MENTIONED IN THIS ARTICLE
Washington
UPI
Ford
White House
Rose Garden
Richard M. Nixon
Congress
Capitol Hill
Nixon
House Judiciary Subcommittee
Boston
U.S
W. Arthur Garrity
Betty
Nelson A. Rockefeller
Henry A. Kissinger
Rockefeller
Louis Echeverria Alvarez
Mexico
Inflation Horror Tales Hit City Purchases and Bills
City officials warn inflation and shortages push up costs and delay deliveries for key items. Aluminum wire for Lompoc rose from 72 dollars per 1000 feet in 1971 to 250 dollars now with delivery late 1975 or 1976. Copper wire doubled to 2.30 per foot while delivery stretched to 50 weeks. Electrical poles rose to 203 dollars each with 6 month waits.
MENTIONED IN THIS ARTICLE
Steve LA Rue
Swain
Lompoc
Nobel economists warn of collapse and policy divide
Nobel Prize winners Gunnar Myrdal and Friedrich von Hayek warned that Ford's inflation fight risks world economic collapse. They disagreed on cures with von Hayek urging strict money limits despite unemployment and Myrdal supporting subsidies to spur housing and jobs.
MENTIONED IN THIS ARTICLE
United Press International
Gunnar Myrdal
Friedrich von Hayek
Ford
von Hayek
Salzburg
Austria
Wholesale price gain slips to 0.1 percent in September
The U S government index of wholesale prices rose only 0.1 per cent in September, the smallest increase in a year, signaling possible lower consumer prices later. Food prices edged down 0.3 percent, while beef and veal drove much of the drop.
MENTIONED IN THIS ARTICLE
Washington
UPI
Ford
Bureau of Labor Statistics
Congress
Weather Outlook With Clearing Skies and Tidal Details
Partly cloudy today with a fair overnight and Friday. Fog or low clouds possible night and morning. Temperatures steady in the 60s to low 70s, nights mid 40s to mid 50s. Winds 5 to 15 mph. Friday tides include high tides of 5.2 ft at 6:40 p.m. and 4.4 ft at 7:25 a.m. Low tides 2.3 ft at 12:52 p.m. and 0.2 ft at 12:39 a.m.
Burns Labels U S Recession But Expects Recovery
Federal Reserve Chairman Arthur Burns told a congressional panel the nation is in a recession though he rejects the view it will worsen. He described it as an unusual recession with galloping inflation and a boom in business investment, while noting a rebound hinges on curbing inflation and restoring confidence.
MENTIONED IN THIS ARTICLE
Washington
UPI
Ford
Arthur F. Burns
Federal Reserve Board
Burns
Congressional Joint Economic Subcommittee
United States
Hart and Terry Debate in Lompoc Public Library Forum
In a two hour forum at the Lompoc Public Library the candidates Gary Hart and Tim Terry spoke on Proposition 17 and 9. They debated abortion privacy and called for tighter OSHA regulation while criticizing each other and discussing past payroll and registrar allegations.
MENTIONED IN THIS ARTICLE
Assembly
Gary Hart
Tim Terry
Lompoc Public Library
Lompoc- Vandenberg
American Association of University Women
AAUW
Hart
Terry
Stanislaus River
Melones Dam
David Milner Hart
Riot trained police circle Boston schools
Four hundred fifty riot trained state and metropolitan police surrounded South Boston schools and provided armed bus escorts to enforce a court ordered integration plan. State and MD police kept security as Boston police withdrew from the area.
MENTIONED IN THIS ARTICLE
Boston
UPS
MDP
South Boston
Old Colony
Fenway Area
Roxbury
Marshal Matt Dillon Visits Mission Hills for Upholstery
James Arness known as Marshal Matt Dillon was seen in Mission Hills yesterday seeking furniture reupholstery while the actor attended a private shopping visit.
MENTIONED IN THIS ARTICLE
Matt Dillon
James Arness
Mission Hills
Catterlin Navarro tied to Younger campaign funds case
County supervisor Charles F. Catterlin and suspended aide Raul Navarro face bribery trial in Santa Barbara Superior Court. Navarro was to aid Younger reelection efforts, while broad probes touch Zaca Lake Resort, county funds, and decades of political campaigning involving Milner Carpenter and Nixon campaigns.
MENTIONED IN THIS ARTICLE
Dick Praul
Bath County
Charles F. Catterlin
Raul Navarro
Santa Barbara Superior Court
Evelle Younger
Younger
Zaca Lake Resort
Catterlin
John W. Carpenter
Louisiana
Navarro
Santa Barbara
Exxon Co. U.S.A
Deep South
David D. Milner
Richard M. Nixon
Nixon
Small Business Administration Advisory Council
Sheriff's Office
Zaca Lake
Also Mentioned on This Page
Mike Mansfield
Senate
Federal Correctional Institution
Ed Diaz
Frank Kenton
George Utsunomiya
FCI
New Council
Nobel
OSHA
Occupational Safety and Health Act
Kevin H. White
Cambridge
Bayside Mall
Dorchester
Massachusetts
Framingham
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