Burns Calls For Quick Tax Cut
Federal Reserve Chairman Arthur Burns urged Congress to approve a temporary tax cut rather than a permanent reduction. He supported a flat percentage cut for individuals and warned permanent cuts could erode the tax base, while allowing a moderate money-supply expansion to cover deficits.
MENTIONED IN THIS ARTICLE
Washington (Ap
Arthur F. Burns
Federal Reserve Board
Congress
Burns
House
Ways and Means
Federal Reserve System
Ways and Means Committee
Ford
United States
al Ullman
D-Ore
Ullman
Aliman
Oregon
First Red Ink For Auto Industry
The nation's slumping auto industry could show its first quarterly losses as GM Ford and Chrysler forecast combined 1975 results well below 1973 profits. GM may earn about 120 million, Ford 75 to 100 million loss, Chrysler 25 to 50 million. Combined 1974 profits for the Big Three drop about 65 percent to 1.3 billion. Dow tops 700. unemployment claims surge. Fed policy eyed.
MENTIONED IN THIS ARTICLE
Detroit
Associated Press
General Motors Corp
Ford Motor Co
Chrysler Corp
American Motors Corp
AMC
Ford
Viet Thieu warns of crisis without aid request
Cambodian and South Vietnamese experts warn a crisis by year end if President Ford’s $522 million supplemental aid is not approved. Thieu says aid cuts cut combat power 60 percent, as Mekong convoy battles continue and both sides face shortages of ammunition and rice amid renewed bombardment and losses.
MENTIONED IN THIS ARTICLE
Phnom Penh
Cambodia
South Vietnam
Ford
Nguyen van Thieu
Mekong River
Saigon
Thieu
U.S
Congress
Mekong
Gantler
Chhruiy Changvar
Saigon Command
Duc Hoa
Kien Binh
United States
Winter Weather Hits Missouri Northerns Roads Freeze
The northern two thirds of Missouri faced rain sleet and snow as moist air clashed with cold air. Snow accumulation up to four inches possible in extreme north. Highway hazards expected to ease as temperatures rise, with more rain and snow potential later weekend.
MENTIONED IN THIS ARTICLE
Kansas City
Missouri
National Weather Service
Tale
We Ees
Columbia
Jefferson City
Springfield
St. Joseph
U. S. 36
Hannibal
Kearney
Missouri City
Maryville
West Plains
Missouri House moves toward death penalty bill vote
Jefferson City AP report states the Missouri House tentatively approved a death penalty bill with a 122 to 27 vote adding a 13th category for murder by bombing. Debates centered on mandatory death sentences, with opponents highlighting potential bias and calls for mandatory life terms instead.
MENTIONED IN THIS ARTICLE
Jefferson City
Missouri House
Walter Meyer
Bellefontaine
Senate
Vernon King
D-Excelsior Springs
Bob Griffin
D-Cameron
House
Rep
J. B
D-St. Louis
Kenneth Rothman
Rothman
Security Tightened On US Buildings
Security personnel and dogs searched the Pentagon for explosives as a precaution after the State Department blast. Arthur F. Sampson, head of the General Services Administration, ordered tightened security in all federal buildings with guarded entrances and package searches nationwide after the State Department explosion and an Oakland, California, bombing attempt.
MENTIONED IN THIS ARTICLE
Associated Press
Pentagon
State Department
Arthur F. Sampson
General Services Administration
Sampson
Oakland
Calif
Amnesty Extended Another Month for Vietnam Draft Clemency
President Ford announced a one month extension of the conditional clemency program for draft resisters and deserters to March 1. Participation remains low though inquiries have surged with expanded publicity. over 3,000 of more than 100,000 eligible have signed up, while White House officials note no new extension plans.
MENTIONED IN THIS ARTICLE
Washington
Ford
Vietnam
White House
Ron Nessen
Nelsen
Justice Department
Clemency Board
Rules Against New Airport For St. Louis
Secretary of Transportation Claude Brinegar said a major new airport for the St. Louis area is not needed immediately. He noted Lambert Field can serve the region into the mid 1990s and that Waterloo, Ill remains the likely future site, though land should be set aside now and construction held off.
MENTIONED IN THIS ARTICLE
Washington (Ap
Claude Brinegar
St. Louis
Brinegar
Waterloo
Ill
Lambert
Watterloo
Also Mentioned on This Page
Chrysler
Dow
Commerce Department
Labor Department
Walter B. Winston
New York
First City National Bank
Pleasant Valley School
Camarillo
Catina Marie Willingham
Carl J. Willingham
Audrain Medical Center
Carl Lee
Curtis Sampson
Lizzie Willingham
Mexico
Carl Mahood
Willingham
Norfolk and Western Railroad
K&m
Kansas
Topeka
Kan
William H. Ward
Statehouse
Energy Establishment
Ward
Great Plainsindustries, Inc
Midwest
Judiciary Committee
Tom
Russell Goward
Goward
N. Clark
Bourne
Dean M. Buffington
N. Jefferson
Patsy R. Shamblin
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