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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Sep 15, 1977
Page
6
The House Ways and Means subcommittee backed a plan to raise the earnings limit for Social Security recipients. Retirees could earn up to $1,500 more before benefits are cut, with the ceiling increasing to $6,000 in 1979. Experts warn up to a million could be affected.
Federal banking official testifies that overdraft abuses by officers and directors are widespread in troubled banks and a common factor in bank failures, a pattern not usually found in sound banks. Charles M. Pickett, regional counsel for the Dallas FDIC, notes the connection.
President Carter and French Prime Minister Raymond Barre begin two days of talks at the White House. Discussions cover Concorde landings in the United States and international economic issues. Barre will meet Secretary of State Vance and attend a White House working dinner.
Leon Jaworski and House ethics chair John J Flynt weigh Seoul's conditional proposal to help obtain Tongsun Park's testimony in the committee's inquiry into alleged South Korean influence buying in Congress. Jaworski said he has not decided and has no bags packed.
In Washington the House weighs raising the minimum wage with 1.6 million unemployed teens seen as pivotal. Observers anticipate an increase, while Bogota faces a dusk to dawn curfew after deadly riots tied to a nationwide strike demanding higher wages. Police report injuries and hundreds arrested amid sabotage and looting.
Ralph Todd a special Warren County deputy and emergency police commander was found guilty of grand theft and two counts of falsification after a three hour jury deliberation. He drew a disability pension while working for pay at various sites and signed his son's name on a W 4 form to hide employment.
Israeli Foreign Minister Moshe Dayan left for New York with a draft peace treaty he said Arab ministers would likely reject. He described it as a basis for negotiation, not fully accepted by Arabs, and noted the plan mirrors earlier Israeli offers. Dayan then traveled to Brussels for European meetings.
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