03 Feb 1977
Page 1
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This newspaper page contains 12 articles. Subscribers can read the full text of each article.
Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Feb 03, 1977
Page
1
Thursday's Digest notes Twin Cities West Monroe Mayor W B Bert Hatten will not seek a third term. The brief item appears on page 7C.
Mexico will sell 40 million cubic feet of natural gas daily to the United States at 1.90 to 2.15 dollars per BTU from the Nuevo Laredo and Reynosa fields. crude oil of about 600000 barrels daily may also be exported, with delivery to McAllen, Texas for Texas Eastern transmission. President Carter cited Portillo's offer to help during the energy crisis.
Forecast for the Northeast Louisiana region calls for rain today ending tonight, then partly cloudy Friday. Highs in the mid 50s, tonight’s low around 38. Easterly winds today turning northwesterly tonight, with a 90 percent rain chance today and 40 percent tonight.
Mrs. Maxine Smith, en route to visit a Georgia daughter, samples a famed Peanut Butter Pie at a downtown Plains restaurant near the Tourist Reception Center. She urges visitors not to miss this mid morning treat and aligns with the Carter hometown charm.
The text outlines a Classified Act urging the public to buy essential items using funds raised from selling nonessential goods. It emphasizes directing proceeds toward needed supplies while promoting thrift and community support. It presents a call to action without detailing specific items or deadlines.
Federal Reserve Chairman Arthur Burns said Carter's 31 billion program is an inefficient way to stimulate the economy yet the Fed will cooperate to create jobs and growth in 1977. He praised overall prudence but questioned tax rebate funding and warned Treasury borrowing.
MIAMI AP The widow Adelaide Frost Durant Rickenbacker 89 shot herself after years of poor health. Eddie Rickenbacker, WWI ace, bought Eastern Airlines in 1935 and ran it until 1963 dying in July 1973. She had been confined to bed since then, according to a former aide.
New York stocks fell amid cold weather fears and political uncertainty. The Dow slipped to near 948.72 at noon, with declines led by Amerada Hess while the NYSE composite dipped to 55.47 and the American Exchange rose slightly to 112.64. Analysts cited winter economy impact and potential shifts in stimulus measures.
President Carter plans an independent White House probe into natural gas shortage claims. White House spokesman Jody Powell said no probe launched yet as energy staff focus on easing the crisis. He expects a decision soon and notes emergency steps allow rerouting gas from surplus to short areas after talks with pipeline executives.
The Monroe City School Board and City Council will meet in a joint session at Monroe City Hall to approve calling a tax election. They plan to renew 12 mills and seek an additional 5 mills with millage ending in May. A Feb 22 State Bonding Commission appearance follows, and a Feb 15 meeting will host Dr. Henry Smith on new special education laws.
A winter storm from the Southwest heads toward the East threatening a return to bitter weather that has idled millions and killed over 75. President Carter signs energy emergency measures, declares Ohio a disaster area, and warns suppliers to be honest. Buffalo endures record snowfall with 102 inches in 45 days as rescue and relief efforts expand.
President Carter pushes a 31 billion package to create jobs and cut taxes, while Federal Reserve Chair Burns criticizes the 50 dollar 1976 tax rebate and urges inflation vigilance. Congress questions Blumenthal Marshall Kreps as Carter vows quick action and executive reorganization.
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