04 Jan 1977
Page 1
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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jan 04, 1977
Page
1
Tuesday's Digest reports the death by self harm of Housing Minister Avraham Ofer in Israel following embezzlement accusations. Also noted are three Camp Pendleton marines suspected of Ku Klux Klan ties as AWOL, and a feature on money managers known as Money Doctors expanding reach. Notre Dame suffers a rare loss as unranked Princeton defeats the No. 8 team.
Decreasing cloudiness gives way to partly cloudy skies this afternoon through Wednesday with a high in the low 50s today and mid 60s on Wednesday. Chance of rain 20 percent Wednesday. Tonight's low in the low 40s. South winds 10 to 15 mph today, near 15 mph tonight.
Monroe City Hall employees thank Mrs. W. L. Howard for homemade goodies sent to the break room. The mayor’s wife had her husband deliver the treats to City Hall for staff to enjoy.
In the 95th Congress Democrats secure control with Byrd elected majority leader and Cranston named majority whip while Inouye becomes Democratic Conference chairman. In the House ONeill will be speaker with Wright as majority leader as Griffin eyes minority leadership. A $4 billion public works push is planned to start Carter’s economic program.
President Ford proposed a $10 billion individual tax cut and a $2.5 billion business cut for 1977 along with a substantial social security payroll tax increase for 1978. The plan mirrors Ford’s earlier unsuccessful proposal and targets economic relief while courting political points against President-elect Carter.
The noon Dow Jones average fell 6.81 to 92.94 as losses outweighed gains on the NYSE with 10.15 million shares traded. Analysts linked the decline to profit taking after Monday's mixed opener and revised expectations for federal programs and tax policy shaping market sentiment.
President elect Jimmy Carter disclosed plans to turn over his peanut warehouse and farm to a trustee and sell 1,056 shares before his January 20 inauguration. He outlined strict disclosure rules to avoid conflicts and said the move would help him focus on the presidency.
Ouachita Parish Juror Willie Crain urged reevaluating school funding as Union Parish bans Sterlington landfill use. He noted about 75 Union Parish students attend Ouachita schools in Sterlington or Sterlington High, arguing $2,000 per year per child costs and proposing removing students if landfill access ends. He criticized haste in closing the landfill and said a school board meeting is planned with Sterlington residents.
U. S. Rep. Jerry Huckaby of Ringgold was sworn in at 2 p.m. as the Fifth District’s first freshman since 30 years. He defeated Otto Passman in the Democratic primary and Frank Spooner in the general election. Huckaby aims to simplify federal government operations and improve responsiveness to citizens, with a mobile office to reach rural areas and hopes for a committee slot on agriculture or commerce.
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