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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Aug 07, 1973
Page
6
Heavy thunderstorms struck widely scattered locations, damaging crops. Agricultural officials assess impact and potential losses as storms move through the region. Farmers brace for possible follow up rains and seek guidance on relief aid.
Beltone announces a free non-operating model of the smallest Beltone aid to anyone who answers the advertisement. The device weighs under a third of an ounce and is worn at the ear with no body head wires. No cost or obligation is required, and thousands have already received units by writing to Beltone Electronics Corp. Department 5152 in Chicago Illinois.
Greek police say two Arab gunmen attacked a TWA line bound for New York aiming at Tel Aviv passengers. They killed two Americans from New Jersey and an Austrian and wounded 55. The attackers, identified as Mohammed Zemod and Talal Kadooral, claimed Black September affiliation but denied it. They surrendered after failing to secure safe passage.
In New York, AP interviews with leading economists indicate that despite 1973's boom, business is entering a slowdown early in 1973 that could accelerate into recession by mid-1974. Most forecasters expect a sharper downturn ahead.
Wheat futures surged past four dollars a bushel with the September contract closing at 4.04 on a sixth straight day of 10 cent limits. Foreign buying and tight stocks were cited as key factors while forecasters warned of a weak harvest next year and potential economic effects.
Economists forecast inflation to rise but slower than this year and unemployment to edge up to about 5 or 5.2 percent. The predictions reflect cautious optimism about price stability and labor market strength amid ongoing policy measures.
Birth notices report a girl for Mr and Mrs John W White at 2002 Fleming Road and a girl for Mr and Mrs William Barton at 6 Cherry St Lebanon. Dismissals list Frank A Lolli II Michael N Bowling Mrs John Jackson Brodie Williams Helen Powers Danielle Auvil James Somerville and others with addresses in Franklin Omaha St Navaho St and Monroe. A 1969-70 credit crunch is unlikely though rates stay high and economists discuss a 1974 growth recession and Milton Friedman’s monetarist view on money and prices.
Ohio Atty. Gen. William J. Brown welcomed the first class of law enforcement officers studying the state's new criminal code. The code takes effect in less than five months.
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