Economy ends 1972 with strong growth and rising inflation
The Commerce Department reports a sharp 8.4 percent annualized GDP gain in Q4 1972, with a 2.7 percent inflation measured by GNP. Full year growth reached 6.5 percent while inflation hovered around 3 percent. The Nixon administration moves to cut federal spending and press wage price controls to curb inflation.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Department
Nixon
Council of Economic Advisors
Congress
Phase 3 Pay Hike Rules Pondered
Washington AP reports labor and business leaders and Treasury Secretary Shultz held a constructive first meeting of the Labor-Management Advisory Committee to devise a voluntary Phase 3 wage standard. They planned one spokesman and a procedure to settle remaining wage cases before the Cost of Living Council.
MENTIONED IN THIS ARTICLE
Washington
Treasury
George P. Shultz
Labor-Management Advisory Committee
Shultz
Nixon
Ior
John Dunlop
Cost of Living Council
Delta Security Bank Closes as State Seizes Ferriday Institution
The Delta Security Bank and Trust Co in Ferriday is closed by order of the State Commissioner of Financial Institutions after directors requested takeover. Commissioner Clebert Smith assumed control at 9 am, citing a funds shortage and poor loan quality. Governor Edwards office announces the first Louisiana bank closure since 1936 with FDIC insured deposits up to $20,000.
MENTIONED IN THIS ARTICLE
Smith
Ferriday
Baton Rouge
Dale Thorn
Edwin Edwards
Louisiana
Delta
Thorn
Federal Deposit Insurance Inc
Laird Says U.S. War In Asia To End
Secretary of Defense Melvin Laird said the United States will end involvement in Southeast Asia though lasting peace cannot be guaranteed. He asserted South Vietnam can defend itself without U.S. military help and cited the Nixon doctrine as a shift away from the U.S. role as global cop. If South Vietnam cannot defend itself, he warned, continued U.S. support could be limited.
MENTIONED IN THIS ARTICLE
Washington
Melvin R. Laird
Southeast Asia
Vietnam
Laird
United States
Nixon names Engman as new FTC chairman
President Nixon nominated Lewis A. Engman, a White House aide, to succeed Miles W. Kirkpatrick as chairman of the Federal Trade Commission. Engman, 37, a Grand Rapids lawyer, joins the commission after service in the White House Office of Consumer Affairs and the Domestic Council.
MENTIONED IN THIS ARTICLE
Washington
Nixon Today
White House
Lewis A. Engman
Miles W. Kirkpatrick
Federal Trade Commission
Kirkpatrick
Senate
Engman
Commission
Grand Rapids
Mich
Administration
White House Office of Consumer Affairs
Domestic Council
Fuel Shortage May Cut Freight and Passenger Services
Freight and passenger carriers warn of service reductions due to a fuel shortage as oil markets scramble for supplies. Officials expect delays for overseas home heating oil shipments and tanker deliveries to the East Coast, with industry groups noting reduced truck and rail deliveries and urgent messages to emergency authorities.
MENTIONED IN THIS ARTICLE
Nixon
Office of Emergency Preparedness
Twin Cities Chit Chat Births and pageant notes
The Carl G Nelson family announces the birth of David Glen on Wednesday weighing eight pounds twelve ounces. Farr and Susie Nelson celebrate birthdays with family timing. Karen Bates competes as one of 16 Miss University hopefuls at Southwestern Louisiana University in Lafayette, awaiting the January 27 dance to learn her fate.
MENTIONED IN THIS ARTICLE
Karl G. Nelson
Royal Road
Chit Chat
Farr
Susie
Nelson
David Glen
Chif Chat
Karen Bates
West Monroe
Southwestern Louisiana University
Lafayette
Karen
Usl Union
Chuckle: Husband Endorses Dress Upgrade As Middle-Aged Look
A man compliments his wife's new dress by praising the middle-aged look it affords her, sparking humor. The light exchange highlights playful marital banter about aging and style.
Monroe Chamber Banquet Includes Langdale Address
The 52nd Monroe Chamber of Commerce meeting starts at 7 30 p m in the Convention Hall of the Monroe Civic Center with Noah Langdale Jr president of Georgia State University as guest speaker The program features the String Ensemble of Monroe and the presentation of the David C Silverstein Memorial Trophy to a notable Monroe businessman Retiring directors receive a salute and new officers and directors are announced
MENTIONED IN THIS ARTICLE
String Ensemble of
Monroe
David C. Silverstein
Georgia State University
Monroe Chamber of Commerce
Monroe Civic Center
James S
Jim) Williams
Noah Langdale Jr
Atlanta
Langdale
Citizens Advisory Committee For Urban Renewal
Atlanta Chamber of Commerce
University
Ralph Troy
Harold D. Hughens
Northeast Louisiana University
George T. Walker
Walker
William D
Bill) Sanders
Chamber
Rollis Smith
Morris Blumenthal
George Miller
Lebron Sneed
Ouachita Parish
Bailey Grant
Grant
Monroe City
Paul Neal
Neal
String
Roger DiGiulian
Colleen DiGiulian
Joe Cleveland
Ellizabeth Martin
Jerry Clower
Yazoo City
Miss
John J. McKeithen
Robert Murphy
Nacogdoches
Tex
Comsat
State Farm Insurance Companies
Henry Davis
William L. Husted
Thomas H. Scott
Patrick Regan
Troops Ready for Inauguration Security in Washington
About 2000 military reinforcements moved into the Washington area as precaution for Nixon's inauguration. Justice Department officials say violence is unlikely, with riot-trained Marines and Army units coordinating with police and National Guard. Demonstrations are planned by the March Against Death and four militant groups, with crowd estimates ranging from 10,000 to 39,000 for security planning.
MENTIONED IN THIS ARTICLE
Washington
APY
Nixon
Justice Department
D.C
Camp Lejeune
N.C
Ft. Brage
Ft. Meade
Lincoln Memorial
Washington Monument
Capitol Hill
White House
Richard G. Kleindienst
Students For A Democratic Society
Progressive Labor Party
Youth International Party
Yippies
Vietnam Veterans Against
Senators to open hearings on life insurance cost competition
The Senate antitrust subcommittee will hold hearings on February 20 to determine if real price competition exists in the life insurance industry. Chairman Philip Hart says a truth in life insurance bill could let consumers shop for the best value and see how much of their premium funds death protection versus forced savings.
MENTIONED IN THIS ARTICLE
Washington
UPI
Senate Antitrust and Monopoly Subcommittee
Philip A. Hart
D-Mich
Subcommittee
Hart
Generally Fair Weather Forecast for Northeast Louisiana
Generally fair skies and mild temperatures expected today and tonight with clouds and a chance of thundershowers on Saturday. Highs in the upper 60s, lows mid 40s, Saturday highs in the lower 70s. FAA Monroe records 69 Thursday high and 53 morning low with 18 inches of rain in Monroe Thursday. Extended outlook: chance of showers Sunday and clearing Monday.
MENTIONED IN THIS ARTICLE
FAA
Monroe
Louisiana
Marines Fight North of Quang Tri As Cease-Fire Looms
South Vietnamese marines engaged Communist forces north of Quang Tri City in two brutal night battles ending at dawn. U S aircraft conducted 325 raids in 24 hours, while B 52s dropped nearly 360 tons on a Michelin plantation believed to host a buildup. Casualties included seven Marines killed and 21 wounded with 243 Communists killed in the 24 hour period.
MENTIONED IN THIS ARTICLE
Saigon
UPS
Demilitarized Zone
Quang Tri City
U.S
North Vietnam
South Vietnam
South
Michelin
Barney Seibert
da Nang
Convention Elects Officers At Meet
Louisiana's constitutional convention elected four officers from state backed by Edwards Administration. Ruth Miller Jennings first VP, Tom Casey New Orleans second VP, Avery Alexander New Orleans third VP, Chris Roy Alexandria fourth VP. Independent Lynn Perkins Hamburg criticized conventions wheeling and dealing. Delegates planned secretary and treasurer posts and committee seats to finish organizational work.
MENTIONED IN THIS ARTICLE
Baton Rough
Louisiana
Ruth Miller
Jennings
Tom Casey
New Orleans
Avery Alexander
Chris Roy
Alexandria
Lynn Perkins
Hamburg
Committee On Committees
Gordon Kean
Baton Rouge
James G. Derbes
Gerald Weiss
Lake Charles
World's Largest Sternwheeler To Get Renovation
The Sprague known as Big Mama will be moved to Avondale Shipyard in New Orleans for a 162000 renovation and tow. The 71 year old sternwheeler, retired from tow duty in 1948, holds river towing records and once moved 67000 tons in 1907.
MENTIONED IN THIS ARTICLE
Vicksburg
Miss
Sprague
Avondale
New Orleans
Standard Oil
Mississippi River
Pittsburgh
River Stage Flood Rise In Camden Monroe Station
A flood stage rise is reported at River Stages Station affecting Camden and Monroe areas with readings near 15.8 and 26, indicating elevated water levels. The record notes 40 and 2 as present change stages and provides a snapshot of current flood indicators.
MENTIONED IN THIS ARTICLE
Monroe
Not Retirement Believer Seeks Sheriff Post at 97
Eddyville Kentucky 97 year old S Morgan Martin a veteran of the Spanish American War runs for Lyon County sheriff invoking faith duty and public service He previously served as town marshal police judge school board and mayor without retirement doubts his age and notes his wife supports his bid The candidate plans to rely on younger aides while stressing ongoing community service and law enforcement upgrade ambitions
MENTIONED IN THIS ARTICLE
Eddyville
Lyon County
S. Morgan Martin
Martin
Soviets Ready To Begin Europe Troop Cut Talks
Moscow states readiness to start talks on January 31 to plan negotiations reducing forces in Europe. It argues that all interested European states plus the United States and Canada should participate on equal footing, despite Western limits to troop-holding nations in Central Europe.
MENTIONED IN THIS ARTICLE
Soviets
Europe
Moscow
Soviet Union
North Atlantic Treaty Organization
Kremlin
NATO
United States
Sweden
Spain
Yugoslavia
Tass
Canada
Glowing Money Cash Guard Ad Promotes Quick Cash
An ad touts a device called Cash Guard that glows bright when counterfeit bills are tested. It urges readers to use a classified ad to sell personal goods for cash and promises quick results with help from a writer at the News-Star World Classified Ad desk.
Also Mentioned on This Page
James H. Doolittle
Jack O. Hicks
LaRue
Ohio
Terans
Ferriday Bank
U. S
Asia
FTC
Twin Cities
Quang Tri
U.S. Command
An Loc
Freedom Fighter
Inside the News-Star
Abby
Lowman
van Dellen
Hye
Pye
Feli Ke the Lord
Iit
McCullan
DIAL
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