Banks hold back $500 million in construction loans
California banks may be delaying about 500 million dollars in construction lending after the state Supreme Court required environmental impact statements for many private projects. Bank officials say approvals and disbursements are on hold pending full interpretation of the ruling.
MENTIONED IN THIS ARTICLE
Sacramento
UPI
California Bankers Association
Supreme Court
A.J. Shepard
Exchange Bank
Santa
Reinecke
Shepard
Evelle Younger
Anaheim
John Knox
Richmond
State Supreme Court
Bank of America
San Francisco
Violent storm forces outages across Los Angeles area
A severe thunderstorm drenched metropolitan Los Angeles with rain hail and lightning causing a fatal electrocution in Gardena evacuations and widespread blackouts. Hospitals ran on emergency power while LAX briefly flooded and motorists faced high water at West Covina and other intersections with no injuries reported.
MENTIONED IN THIS ARTICLE
Los Angeles
UPI
Gardena
Salvador Gonzales
Metro Minerals
Daniel Freeman
Azusa
Bell Gardens
West Covina
Whittier
Baldwin Park
Irwindale
Vincent Avee
Sunset Boulevard
Record cold and snow sweep nation in October blast
The nation faces record cold as a Canadian air surge drags dry, blustery winds and snowfall across the Northeast and Midwest. Central Park reports light snow on Oct 18 marking a rare anniversary. Duluth and Lansing set date records with subfreezing readings while many cities log 20s and 30s.
MENTIONED IN THIS ARTICLE
New York
Central Park
Boston
Rocky Mountains
Atlantic Coast
Duluth
Minn
Lansing
Mich
Mercury
Rochester
Concordia
Kan
Des Moines
Iowa
Kansas City
Minneapolis
Highway Commission Approves $895 Million Budget Cutback
The state Highway Commission voted to adopt a reduced 895 million dollar budget amid a revenue shortfall. The scale back affects planned projects and allocations across departments, with officials signaling tighter timelines and revised priorities for road maintenance and construction.
Soviet Union Abolishes Emigrant Education Tax Gift to Nixon
The USSR dropped a $300000 education tax demand on 19 Jewish emigrant families as a gift to President Nixon. Two Soviet generals conveyed the exception to the families, amid broader U S and Israel criticism of Soviet American deals and MFN status. The move accompanies a fiscal plan cutting $26.1 million from current spending.
MENTIONED IN THIS ARTICLE
Moscow
UPI
Soviet Union
Nixon
Ham operator reports pilot of downed Cessna near Alaska
Nevada City ham Al Miller relayed a radio claim from a Cessna 310 pilot saying all aboard were injured near Juneau after declaring fuel exhaustion. The crew included House Majority Leader Hale Boggs and Rep Nick Begich. authorities confirmed a missing twin engine aircraft and partial tail numbers.
MENTIONED IN THIS ARTICLE
Nevada City
Calif
UPI
Juneau
Hale Boggs
Anchorage
Alaska
al Miller
Boggs
Nick Begich
Dalaska
Begichs
Russell Brown
Don E. Jonz
James Moon
Ham
Miller
Bank Robbers Take $261,900 in Toronto Cash Heist
Five men robbed the Canadian Imperial Bank of Commerce at Union Station during an employee vault audit. Inspector Floyd Warmington labeled it the largest cash robbery here in 25 years. No injuries or shots, with the holdup lasting two to three minutes per a witness.
MENTIONED IN THIS ARTICLE
Toronto
UPI
Floyd Warmington
Metropolitan Police Force
Imperial Bank of Commerce
Union Station
Bridge Collapse Kills One Worker Five Others In Pasadena
A 60 foot middle span of a Foothill Freeway bridge collapsed during a cement pour in Pasadena killing Robert Queenan and five other workers while injuring 21, with warnings from workers about the structure’s danger. The incident sent survivors scrambling from the debris as the Arroyo Seco wash filled with concrete and witnesses reported a loud collapse. Queenan, 21, had delayed working that day but chose to stay on site, leaving behind fiancée Barbara Ertel.
MENTIONED IN THIS ARTICLE
Monrovia
UPI
Robert Queenan
Pasadena
Queenan
John Ertel
Barbara
Bob
Ertel
California
Catholics erect barricades in Londonderry as troops move in
Catholics set up burning car barricades and stone barriers in the Creggan district of Londonderry as British troops move to dismantle them. Officers waited for daybreak to guard against IRA snipers while facing a two front challenge against Protestant extremists and the IRA.
MENTIONED IN THIS ARTICLE
Belfast
UPI
Irish Republican Army
IRA
Londonderry
Creggan
Also Mentioned on This Page
Rosa
Ed Reinecke
Lompoc
Act of Congress
Tim Conner
Clete Lunny
Wesley A. Huffman
Ray McCuen
Betty Laurent
Scott Ostler
Steve LaRue
Vaughn Proctor
Dan Duffy
Stan Tulledo
California Newspaper Publishers Association
United Press International
International Press Institute
Inter-American Press Association
California Press Association
Audit Bureau of Circulations
State Highway Commission
California Highway Operations
U.S
Israel
Air Force
Citizens — Band
Roy Harris
Cai Lay
Arroyo Seco Wash
Jimmy Futz
Jorgensen Jewelers
Lompoc Shopping Center
Lompoc Theatre
Sam
Red Lovers
Enith
Kashmir
Monthru
FBI
Lompoc. Theatre
HH Street
Ene
Walt Disney
Techmicolor
Panavision
B.O
Itacam
Technicolor
Howard W. Koch
Alan Arkin
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