New York City Crisis Raises Borrowing Costs Nationwide
The Municipal Finance Officers Association says New York City’s fiscal crisis adds about 155 million dollars annually to borrowing costs for cities and states nationwide. The report highlights a ripple effect, with political and economic leaders debating loan guarantees and potential defaults amid a worsening national outlook.
MENTIONED IN THIS ARTICLE
Washington
New York City
Municipal Finance Officers Association
Northeast
New York
House Ways and Means Committee
Alan Greenspan
Council of Economic Advisers
House
Afl-Cio
George Meany
Labor
Carl Albert
Walter Flowers
Dala
Ford
Israel
Hugh Carey
Los Angeles
Carey
Terence Cardinal Cooke
Cardinal Cooke
Brooklyn
Francis Mugavero
U.S. Bishops Conference
Kenneth 8. Axelson
First National City Bank
City University of New York
CUNY
Pennsylvania
North Dakota
New York State
Association
John E. Peterson
Peterson
Greenspan
House Commerce Consumer and Monetary Affairs
Break Heroin Smuggling Ring Breaks in U S
Federal narcotics officials say they broke a heroin ring supplying up to 20 percent of Mexican brown heroin entering the United States annually. Sixteen men were arrested on federal drug conspiracy charges, with 55 pounds seized destined for New York.
MENTIONED IN THIS ARTICLE
Washington
United States
New York City
Drug Enforcement Administration
DEA
Henry S. Dogin
New York
Mexico
Los Angeles
Dogin
Charles E. Hill
DFA
E Oti
Dominican Republic
Humberto Ramos-Serrano
Ramos-Serrano
Ramos- Serrano
Hoffa Grand Jury Stymied For Lead
DETROIT AP The federal grand jury probing James Hoffa's disappearance is stymied as prosecutors seek a solid lead and more evidence. Witnesses including Anthony Giacalone Charles OBrien and Tony Pro Provenzano have appeared. Giacalone invoked the Fifth. Mickey Cohen in LA claims Hoffa is dead and buried. The probe began Sept 2 with plans to call about 70 witnesses.
MENTIONED IN THIS ARTICLE
Detroit
Robert Ozer
Federal Organized Crime Strike Force
Anthony
Tony Jack
Giacalone
Hoffa
Charles “Chuckie” O’brien
O'Brien
Joseph
Teamsters Union
O’brien
Grand Jury
Tony Pro” Provenzano
Teamsters
Provenzano
Michigan
William Buffalino
Los Angeles
Mickey Cohen
Jimmy Hoffa
Cohen
Teamster Union
Ford Will Enter All Primaries
President Ford says he will enter every Republican primary next spring and will stick it out to win the GOP nomination at the convention next August. He spoke at a GOP fund raising event in Boston as White House sources called the plan unexpected and the campaign cites a 31 primary slate and a $10 million spending ceiling. Ford’s trip drew rallies against Reagan and drew praise from Sen. Brooke and John Volpe.
MENTIONED IN THIS ARTICLE
Boston
Ford
Washington
White House
GOP National Committee
Ronald Reagan
William Greener
New Hampshire
Massachusetts
GOP
Congress
House
Edward W. Brooke
Italy
John Volpe
Chest Fund Drive Reaches 37375 in Mexico
Proceeds from this year’s Mexico Community Chest total $37375, reaching 65 percent of a $57500 goal. Activities continue from industries and groups raising funds. Audrain County Cerebral Palsy Center offers preschool training speech and physical therapy, parent counseling, and develop mental programs for handicapped children.
MENTIONED IN THIS ARTICLE
Mexico
Mental Health Center
C. Donald Smith
Evelyn LaFon
C-P
Garfield
Billion Cut From Food Stamp Program
Washington AP reports the House Appropriations Committee cut more than 1 billion dollars from Food Stamp Program funding in a 7.9 billion bill. The panel expects equivalent savings if Agriculture Department rules tighten and are enforced, reducing projected annual expenditures to about 1.1 billion under Ford estimates.
MENTIONED IN THIS ARTICLE
Washington
House Appropriations Committee
Agriculture Department
Ford
Tax Bill Has Cuts A Windfall For Perot
The House Ways and Means Committee tax bill would cut taxes for most Americans and aid wealthy investors like Texas businessman H. Ross Perot, who could receive about a 15 million refund. It retains much of this year’s anti recession cuts for 1976 and beyond, after panel approval of six reform amendments.
MENTIONED IN THIS ARTICLE
Washington
House
Ways and Means Committee
Texas
H. Ross Perot
Perot
The
Wall Street Journal
Journal
Treasury
Ford
Loes
Phil Landrum
D-Ga
Ways and Means
Franco Grave After Stomach Operation
In Madrid AP reports Generalissimo Francisco Franco aged 82 underwent a four hour operation that removed most of his stomach after ulcers caused heavy bleeding. He received over 26 pints of blood across the procedure and subsequent transfusion. His condition remained grave as he faced ongoing medical crises, with Franco's heir and government leaders awaiting updates at the hospital.
MENTIONED IN THIS ARTICLE
Madrid
Spain
Francisco Franco
Franco
Pardo Palace
la Paz Clinic
Cristobal Martinez- Bordin
Juan Carlos de Borbon
Zarzuela
Carlos Arias Navarro
Leaders Meet as Moroccans March On Sahara Crisis
In Agadir King Hassan II received Spain's cabinet minister to discuss a possible compromise allowing hundreds of thousands of unarmed Moroccans camped along the Spanish Sahara border to return home. Reports say new volunteers are poised for a third infiltration near the Algerian border as hundreds of thousands face a minefield and legionnaires.
MENTIONED IN THIS ARTICLE
Agadir
Morocco
Hassan II
Spanish Sahara
Atlantic
Antonio Carro Martinez
Spain
Madrid
Hassan
Carro
Ahmed Osman
Ahmed Saraki
Rabat
L’opinion
Zaag
Algeria
Sahara
Liberty Bell expert called junk sparks criticism
Harrisburg AP reports Ferne Smith Hetrick, chair of the Pennsylvania Historical and Museum Commission, rebuked metallurgist Mike Modes who termed the Liberty Bell a piece of junk after studying its aging condition. Hetrick faulted Modes for seeking headlines over a careful report and defended the bell as a vital symbol of freedom.
MENTIONED IN THIS ARTICLE
Harrisburg
Liberty Bell
Pennsylvania Historical and Museum Commission
Ferne Smith Hetrick
Mike Modes
The
Lancaster New Era
Also Mentioned on This Page
Missouri Military Academy
Company D
David Denton
Salisbury
Ledger
Richard Vance
Hoffa Grand Jury
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