Bankers doubt rate cuts amid inflation fears
In a nationwide survey bankers challenge Commerce Secretary Stans on rapid rate declines. They expect the prime rate around 7 to 8 percent with only gradual moves, saying large New York banks lead policy and political pressure may not ease inflation soon. Rep Patman calls for an immediate 6 percent rate cut.
MENTIONED IN THIS ARTICLE
New York
Maurice Stans
Stans
George Scott
First National City Bank
New York Bank
East Coast
Detroit Bank & Trust Co
Cincinnati
Chicago
First National Bank
Cincin
Nati
Richard Wilde
American National Bank of
Salt Lake City
Washington
House Banking Committee
Wright Patman
D-Tex
David Rockefeller
Chase Manhattan Bank of New York
William Zentz
Bank of the Commonwealth of Detroit
Arkansas
Wisconsin
Main
Robert Whitwam
Edmonds
Wash
Hostages in Jets Delayed as Dust Storm Persists
Arab leaders and Jordanian officials push to move more than 280 hostages from hijacked planes in the Jordanian desert amid a dust storm. Guerrillas balk at departure while demands for all hostages’ release mount. Red Cross and ICRC negotiators say evacuees will be brought to Amman for humanitarian review.
MENTIONED IN THIS ARTICLE
Associated Press
Israel
Iraq
Syria
Popular Front For the Liberation of Palestine
Palestine Liberation Organization
Amman
Andre Rochat
International Red Cross
Geneva
Marcel Naville
International Red Cross Committee
Beirut
Popular Front
Desert
Red Cross
Washington
U.S. 6Th Fleet
Jordan
Britain
West Germany
Switzerland
Trans World Airlines
Arabs Patch Up Differences Truce Ends Combat In Amman
Arab guerrillas and Jordanian government announced a peace pact ending three days of fighting in Amman. Both sides pledged to remove causes of clashes though past truces broke down. Civilians returned to streets as sporadic shooting and blockades continued. Casualties were reported with civilians amid the chaos. The hostage crisis and host nation politics shaped the fragile pause in violence.
MENTIONED IN THIS ARTICLE
Amman
Associated Press
Hussein
Negotiations Continue as GM Strike Deadline Nears
Detroit AP report details looming strike in 1970 auto labor talks with GM and Chrysler. UAW President Leonard Woodcock cites GM's apparent willingness to strike to meet major demands, while Chrysler offers improved terms. Locals in Detroit show strong strike signs as union eyes potential walkouts affecting 416,000 GM workers. Union funds could deplete in seven weeks amid readiness for action.
MENTIONED IN THIS ARTICLE
Detroit
General Motors
UAW
Bomb Exploded After Being Removed From Restaurant
In Minneapolis a satchel with four to six sticks of dynamite was exploded in a vacant field after police removed it from Haas Restaurant about 11 p.m. A waitress described the man who left it as dark and about 40. The blast follows a series of nine explosions in the Minneapolis-St Paul area since August.
MENTIONED IN THIS ARTICLE
Minneapolis
Lillian Hanrahan
Miss Hanrahan
Minneapolis-St. Paul
Maryland undergrads publish riot tactics booklet
A leftist student group at the University of Maryland issued The Radical Guide detailing how to organize campus disturbances. It urges barricades, hole digging, weapon familiarity, and stockpiling bricks, with a map of police movements and nine potential targets. DRUM and SDS contributors are named. protests planned as trials proceed for May ransacking.
MENTIONED IN THIS ARTICLE
College Park
Democratic Radical Union
DRUM
Mark Woodard
Students For A Democratic Society
SDS
Women’s Liberation
Wilson H. Elkins
Also Mentioned on This Page
Bankers
Patman
Stan
Ann Landers
Heloise
U.S
Middletown
Woodside
Wesley Binson
Michigan Ave
Darren Wilson
14Th Ave
Sheckler
Stephen Gillis
Rockland
Mass
Stephen
United Auto Workers
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