Burns signals focus on home mortgages and consumer credit
Federal Reserve Chairman Arthur Burns said the administration will target home mortgages and consumer credit to curb interest rates without a fixed ceiling. He warned the next year remains uncertain and faced House Banking Committee calls for stronger Phase II rate controls.
MENTIONED IN THIS ARTICLE
Avaanche Journal News
Washington
Federal Reserve
Arthur F. Burns
Burns
House Banking Committee
Nixon
Congress
Wright Patman
D-Tex
Nixon Panel Chooses Car Tax Authority For President
The Senate Finance Committee voted to give President Nixon discretion to retain excise taxes on foreign made autos. The Bennett plan sets a country by country tax starting at 7 percent in 1972 tapering to 1 percent by 1981 with no action required if discrimination is found. A repeal for U S cars remains possible.
MENTIONED IN THIS ARTICLE
United Press Internationaly
Washington
Senate Finance Committee
Nixon
United States
U.S
Wallace F. Bennett
Rutah
Bennett Motor Co
Salt Lake City
Ford
West
Bennett
Treasury Department
Senate
United Nations welcome set amid China entry debate
In Lubbock area coverage President Tito urges support for the United Nations and a welcome for Communist China into the organization. Brezhnev accuses the USSR of launching a peace offensive. A Filipino ex convict is said to have released an American girl after holding her for 11 hours.
MENTIONED IN THIS ARTICLE
Tito
United Nations
China
Uncertainty Over Future Blamed for Market Plunge
The Dow Jones Industrial Average fell to 825.84, down 13.14 from Friday, the lowest since December 1970, amid worries about the US and world economies and currency stability. IBM, Disney and GM led losses as 10.9 million shares changed hands.
MENTIONED IN THIS ARTICLE
United Press International
New York
DJIA
United States
Wall Street
Nixon
Burnham & Co
New York Stock Exchange
IBM
Superior Oil
Walt Disney
du Pont
Pittston Steel
TWA
UAL Inc
HSLM
Burroughs
Honeywell
Itek
General Motors
Ford
American
Prayer Card Message of Faith and Devotion
A brief prayer card urges remembrance of God as alive and present in daily life. The closing blessing invokes Jesus' Holy Name and offers a moment of personal reflection from a reader.
MENTIONED IN THIS ARTICLE
Heavenly
Jesus
Enjoyable pottery class gives chance for creation
Lubbock housewives attend Monday pottery courses at the Lubbock Municipal Garden and Arts Center. They pound and mold clay into decorative and useful items, finding a creative outlet and stress relief through the hands on sessions.
MENTIONED IN THIS ARTICLE
Gerry Burton
Avalanche-Journal
Lubbock
Lubbock Municipal Garden and Arts Center
Seo
Price Gains Support for Speaker Bid in Texas House
Rep. Rayford Price of Palestine secured backing from nine conservative House members including seven chairmen as liberals rally behind Rep. Price Daniel Jr. in a race to lead the Texas House. The group spoke at a San Antonio meeting and a January 1973 vote will decide the speakership amid ongoing trial of Speaker Gus Mutscher and his potential replacement.
MENTIONED IN THIS ARTICLE
Ayahinche-Journal News Services
Austin
Rayford Price
Palestine
Texas House of Representatives
House
Price
San Antonio
Jim Nugent
Kerrville
Daniel
Price Daniel Jr
Liberty
Gus Mutscher
Preston Smith
Mutscher
Houston
Frank Sharp
Muttscher
Bank i
Reps
Don Cavness
Motor Transportation Committee
Frank Calhoun
Abilene
Indian cyclone floods devastate eastern coast
A cyclone and 16 foot tidal wave struck India's east coast causing massive destruction. Government reports say up to 20 000 lives lost and a million homes damaged leaving about four million people homeless. Rail lines roads and air strips were submerged and villages cut off for days.
MENTIONED IN THIS ARTICLE
Associated Press
New Delhi
India
Bay of Bengal
Orissa
Ganges River
Pakistan
Cuttack
Calcutta
Ganges Basin
Farm Credit Plan Okayed by House
The House approved a major reform of the farm credit system by a 331 to 19 vote. The bill lets land banks and production credit associations to offer nonfarm housing loans in rural areas, governed by a 15 percent cap, and raises land bank loan limits from 65 to 85 percent of farm or ranch value.
MENTIONED IN THIS ARTICLE
Washington
Prooduction Credit Associations
Federal Reserve Board
Troop Strength in Vietnam Drops Below 200000
U S troops in South Vietnam fell to 196 700 the lowest since January 1966 a week ending numbers show a 5300 decline Gen Creighton Abrams headquarters said 13 more units totaling 1355 men were pulled from combat as the Americal Division stood down.
MENTIONED IN THIS ARTICLE
Saigon
South Vietnam
U.S
Vietnam
Creighton W. Abrams
U.S. Americal
Snow and avalanche closures in Rockies and Yellowstone
Snow fell across the northern Rockies and Yellowstone Park, closing east and south park entrances for the season. Dunraven and Craig passes were shut, while the north entrance road to Gardiner, Montana, stays open for winter. West Yellowstone reported three inches in six hours. Grangeville Idaho saw two inches. Strong winds eased into Montana and the South Plains as a Pacific front moved east.
MENTIONED IN THIS ARTICLE
Avalunche Journal News
Rockies
Yellowstone Natonal Park
Dunraven
Craig
National Park Service
Gardiner
Mont
West Yellowstone
Grangeville
Idaho
Montana Rockies
Livingston, iMont
South Plains
Lalbbock
Mercury
Pan
T Pan
West Texas
Laird presses revival of foreign aid amid Vietnam talks
Secretary Laird urged reviving the U S foreign aid program to support Vietnam withdrawal and Vietnamization. He warned Senate rejection could hinder economic aid and weaken ongoing SALT and Phase 1 talks, stressing aid is vital to future negotiations and to prepare South Vietnam to assume responsibility.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
Melvin R. Laird
U.S
Vietnnam
Laird
White House
Senate
Nixon
Anco
Vietcnam
Jfield
One of First in Nation Gambling Trial Opens in Federal Court
The trial of six Lubbock County men and associates began in U.S. District Court with seven witnesses testifying Monday. Defendants include Cecil Mugene Warris and Houston P. Littlefield among others. The case stems from a March 12 raid on the Red Man's Club near Lubbock under the Organized Crime Control Act. The proceeding continued later with the indictment reading and more testimony.
MENTIONED IN THIS ARTICLE
Witnes
U.S. District Court
Lubbock County
USS
Halbert
O. Woodward
Cecil Mugene
U.S
FBI
Lubbock
Dallas
Amarillo
Abilene
Redman's Club
Also Mentioned on This Page
Municipal
Kema Jeshka Das Gupta
69Th St. Jefl
Kenneth Williams
Detroit
FED
Lubbock, Area
Reese Air Force Base
Monthold
Brezhnev
Soviet Union
Lawmaker
KFYO
West Bengal
Calcutt
HLYS
EAS
Dace
City
Stee
Midnight City
Paso
Albuquerque
Atmarsha
Dallas Alahkin City
Deny
W. Falls
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