IMF Urges Urgent Move to New Exchange Structure
The IMF board proposed immediate steps toward a new exchange-rate framework for its 118 member nations. The plan, read by managing director Pierre-Paul Schweitzer, aims to reduce exchange restrictions and improve the system after Nixon’s gold convertibility pause. It seeks reports on measures for reform and notes an opportunity for constructive changes, including the possible use of paper gold.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
Board of Governors
International Monetary Fund
Nixon
IMF
Pierre-Paul Schweitzer
Britain
Japan
Italy
France
Committee On
Fair Park hosts 54th Panhandle South Plains Fair crowds
Fair goers packed roads to Fair Park for the 54th Panhandle South Plains Fair with 44 034 on the first day and 101 159 over two days. Events included cattle judging, variety acts, and a Tennessee Ernie Ford show as the fair winds into a three day run with diverse exhibits and performances.
MENTIONED IN THIS ARTICLE
Gerry Burton
Journal
Fair ‘Park
South Plains
Ford
Tennessee Ernie Ford
Lubbock
Wineham
Hoam
Sky Kings
Tennessee Erle Ford
Glenn Ash
Fair Park Coliseum
Texas
Gene Dvedel
Panhandle South Plains Fair
Paper gold may replace dollar standard as SDRs emerge
The piece explains that a new global money form named Special Drawing Rights or SDRs could replace gold and the dollar. SDRs exist in limited amount, created by IMF agreement among 118 nations to bolster reserves as gold mining lags and dollar scarcity concerns rise.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
International Monetary Fund
Local Theatre Directors Seek Home at Memorial Civic Center
Lubbock Theatre Centre area directors press for assigning a permanent home at Memorial Civic Center. Three day training for justices of the peace runs through today across 104 West Texas counties.
MENTIONED IN THIS ARTICLE
Lubbock
Lubbock Theatre Centre
Memorial Civic Center
Sec
West Texas
Prayer Message From Dr H F Martz Jr Texas Tech
A short devotional prayer thanks God for blessings and asks for guidance to keep human values and relationships above knowledge and power. Dr H F Martz Jr of Texas Tech offers the invocation style blessing.
MENTIONED IN THIS ARTICLE
Father
H. F. Martz Jr
Texas Tech
Pea-Picker Stars Speak at Panhandle Fair Returns
Tennessee Ernie Ford and Glenn Ash discussed faith in America and their long ties to Lubbock as the Panhandle South Plains Fair marks its 54th edition. Ford praised the return to the city after five years and noted the warm reception and weather that showcased the event.
MENTIONED IN THIS ARTICLE
America
Lubbock
Tennessee Eynie Ford
Glenn Ash
O' Pea Picker
Ash
Ford
Tennessee Ernie Ford
May Come Today B52s Blast Jury Delays Action Red Troops On Probe Of Bank
Federal grand jury in Houston weighing indictments in the Sharpstown State Bank collapse recessed overnight after reviewing proposed indictments. Judge Woodrow Seals will receive grand jury reports in September as the panel contemplates certifying or rejecting the indictments. Frank W. Sharp, tied to the Texas stock scandal, testified and faces probationary sentences from prior pleas. Also notes U.S. aviation strikes in Saigon region targeting Communist concentrations to ease pressure on allied forces in Cambodia.
MENTIONED IN THIS ARTICLE
Associated Press
Houston
Sharpstown State Bank
U.S. Dist
Woodrow Seals
Seals
Southern Federal District of Texas
Frank W. Sharp
Texas
Sharp
Houston Federal
U.S. District Court
Sarah T
United Press International
Saigon
U.S
Bs2s
Cambodia
Robbery Suspects Held After Abilene Bank Heist
Six adults and four children were detained near Van Horn after a bank robbery at Abilene's First National Bank. The robbers fled with 1,150 dollars following a struggle with a woman teller. Deputies described those arrested as appearing to be Gypsies with passports from Tehran.
MENTIONED IN THIS ARTICLE
van Horn
Tex
Abilene
First National Bank of
Interstate 10
Tehran
Iran
Texas GOP rewards for defeating lawmakers deemed illegal
Secretary of State Bob Bullock says the Texas Republican party offered 5000 rewards to defeat two Democratic legislators and asks the Travis County district attorney to review the legality. He warns payment could incur fines or jail, and criticizes impeachment proposals as improper.
MENTIONED IN THIS ARTICLE
United Press International
Austin
Bob Bullock
Texas Republican Party
Bullock
Travis County
Gus Mutscher
Heatly
D-Paducah
GOP
Mutscher
Angly
Robert Smith
Smith
Sec. of
Dutch Hotel Fire Claims 12 Lives at Silver Sea Shore
A blaze at the Silver Sea Shore Hotel in Eindhoven Holland killed 12 of 85 occupants who leaped from balconies or used knotted sheets to escape. Nine remained missing as fire officials blamed a gas leak and noted no fire escapes. The building was said to go up like a torch.
MENTIONED IN THIS ARTICLE
Eindhoven, Holland
UPI
Silver Seashore
Nixon signs draft extension delaying pay raise until freeze ends
President Nixon signs legislation extending the draft for two years while delaying a $2.4 billion-a-year military pay raise until after the wage-price freeze expires November 15. Hebert and others challenge the delay but GOP leaders say most American troops will understand the pause.
MENTIONED IN THIS ARTICLE
United Press International
Washington
Nixon
F. Edward Hebert
D-La
House Armed Services Committee
Senate
Cuse
Geraran R. Ford
House
Leslie ‘Arends
Hebert
Ronald M. Ziegler
Justice Department
Congress
Cotton Growers Elect Riley President at Plains Meeting
Ray Joe Riley of Hart was elected president of Plains Cotton Growers at the 15th annual meeting in Plainview. Donnell Echols becomes board chairman as officials say U S farmers gain a 1.5 cent per pound world price edge after Nixon floats the dollar.
MENTIONED IN THIS ARTICLE
Duane Howelti
Castro County
Plains Cotton Growers, Inc
PCG
Federal Farm
Ray Joe Riley
Hart
Plainview
Texas Tech
Riley
Donnell Echals
Lamesa
Echols
Paul Bennett
Amherst
Don Marble
South Plains
Floyd County
Don Anderson
Crosbyton
U.S. Department of Agriculture
Washington
Vann
Weather Map Page Lubbock Region Forecast
Mostly cloudy mornings and warm humid days through Thursday. Highs in the 60s to 70s with nighttime lows mid 60s. شامل regional forecast notes for Lubbock and vicinity.
MENTIONED IN THIS ARTICLE
Lubbock
Also Mentioned on This Page
Ernie Ford
Picker
Lucha Villa
Jose Alfredo Jimenez
Juan Puente
Mexico
Rosalind Clark
Richard Herbert
Wendy Douglas
William Hudnut
Kitty Murray
Chuck Bedford
Lyndon B. Johnson
NAVY
Red China
Moscow
Northern Ireland
KFYO
Kazalanche-Journal
South Vietnam
III Military
Krek
Texas Gop
Rep
Maurice Angly
R-Austin
Kenneth Frick
Southwest
City
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