Burns Outlines Mortgage Credit Pressures and Housing Outlook
Fed chairman Arthur Burns told the House Banking Committee that mortgage loan scarcity will persist and housing activity will stay subdued in the near term. He blamed high interest rates on government spending and overbuilding, noting twice as many unsold homes as two years ago and liberal credit fueling prices and wages in construction. He urged Congress to cut spending or raise taxes and to reform mortgage credit policy while allowing greater tax credit flexibility during economic swings.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Arthur F. Burns
Congressional
Burns
House Banking Committee
Congress
Nixon foes fight to override veto on health service bill
In a tight House vote fight, Nixon aims to stop a $185 million emergency medical services bill from becoming law. The Senate earlier backed override 77 to 16, sending the measure to the House where Speaker Carl Albert must rally GOP votes to sustain the veto.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Congress
Senate
House
Seattle
Boston
Baltimore
San Francisco
New Orleans
Galveston
Tex
Staten Island
N.Y
Norfolk
Carl Albert
N-Okia
GOP
Gerald R. Ford
Michigan
Rep
Ancher Nelson
R-Minn
House Public Health
John M. Murphy
Dn.y
Laos Peace Pact Reaches Coalition Government Agreement
In Vientiane representatives of the Lao government and the Pathet Lao began a political peace pact to form a coalition cabinet led by Souvanna Phouma. The accord calls for foreign forces to depart Laos within 60 days of signing and a cease-fire setup prior to a full national unity government.
MENTIONED IN THIS ARTICLE
Vientiane, Laos
Pathet Lao
Laos
Souvanna Phouma
Vientiane
Souvanna
United States
An Chi Minh Trail
Luang Prabang
Pheng Phongsavan
Ngong Sananikone
Phoumi Vongvichit
Phoune Sipaseuth
Watergate Panel Decides Six Week Hearings Schedule
The Senate Watergate committee will condense the remainder of its public hearings to six weeks from Sept 24 to Nov 1, hearing only key witnesses on wiretapping cover up campaign financing and political sabotage. The panel rejected splitting into subcommittees and will hold three sessions weekly with executive sessions planned to finalize the witness list.
MENTIONED IN THIS ARTICLE
Washington
Senate Watergate Committee
Sam J. Ervin Jr
D-N.c
Howard H. Baker Jr
R-Tenn
Baker
Ervin
Senate
Samuel Cash
Charles W. Colson
Watergate
E. Howard Hunt
Thundershowers Expected Again in Twin Cities
Clouds and rain are forecast for the Twin Cities with thundershowers likely in the afternoons and evenings through Thursday. Highs will reach the upper 70s to 80s, lows in the mid 70s, and winds southerly 5 to 10 mph, stronger near storms. Rain probability given as 60 percent today, 30 tonight, 50 Thursday.
MENTIONED IN THIS ARTICLE
Twin Cities
Monroe
FAA
Louisiana
Water Fountains Planned for Forsythe Park Courts
Monroe City Council approved a 2220 change order to the Forsythe Park improvements to install water fountains and hydrants near the new tennis courts. The measure, supported by Neville High School PE students and former Neville student mayor Ralph Troy, also included a lighting upgrade for the park.
MENTIONED IN THIS ARTICLE
Monroe
New Court
Forsythe Park
Neville High School
Ralph Troy
Neville
Post cereal heiress Marjorie Post dies at 86
Washington AP reports Marjorie Merriweather Post, heiress to the Postum cereal fortune, dies at 86 after a long illness. Born 1887 in Springfield, Illinois, she built a vast estate and led Postum to General Foods through mergers. She married four times, with two daughters from her first marriage.
MENTIONED IN THIS ARTICLE
Post Cereal
Washington
Marjorie Merriweather Post
Mrs
Charles William Post
Postum
Post
Marjorie
Postum Cereal Co
Edward F. Hutton
Sea lions become unwanted tenants for Seattle boaters
A Seattle Marine Aquarium spokesman says boat owners regularly report sea lions staying aboard boats, receiving one or two such calls each year. AP Wirephoto.
MENTIONED IN THIS ARTICLE
Seattle Marine Aquarium
Chile Military Threatens to Blow Up Buildings in Sniper Hunt
Santiago reports say the military junta threatening to blow up buildings if needed to flush out snipers in the streets near the presidential palace. Casualties mount as Allende era forces are said to have died by own action, with curfews and widespread disruption across the capital.
MENTIONED IN THIS ARTICLE
Santiago
Chile
Salvador Allende
Associated Press
Allende
Augusto Olivares
Fidel Castro
Cuba
Olivares
Bomb blast injures six on Oxford Street in London
A bomb exploded in an office building on Oxford Street injuring six people, with the device left in a shopping bag near the elevator. Police and Scotland Yard say the attack is linked to IRA terror activities, with no serious injuries reported.
MENTIONED IN THIS ARTICLE
London
Oxford Street
Scotland Yard
Yard
John 492
Prudential Insurance Co
Prudential
Irish Republican Army
Britain
Mosquito Passes Screen Test in Chuckle Column
A light joke notes the mosquito who can pass the screen test, delivering a playful pun on screening and insects. The item keeps the humor quick and page-friendly for readers seeking a quick smile.
MENTIONED IN THIS ARTICLE
Happy
U S Denies Involvement In Chile Coup
State Department said the Chilean coup was an internal matter with no U S government involvement. Washington officials noted ongoing diplomatic relations with Santiago and said recognition would follow the regime’s control and observance of international obligations.
MENTIONED IN THIS ARTICLE
Washington
State Department
Chile
U.S
Paul Hare
Salvador Allende
United States
Santiago
United Nations
River Stages Station Flood Present Change Stage
River stage readings show rising water at Camden and Monroe stations with level changes noted. Camden reports 18.7 feet, rising 2.0 feet. Monroe at 22.0 feet, up 1 foot.
MENTIONED IN THIS ARTICLE
Monroe
Camden
New York Stores Cut Beef Prices
New York grocers announce lower beef prices to revive sales with Pathmark cutting round roasts and steaks 15 percent below the price ceiling and Shopwell reducing some items 10 percent below freeze level next week. An Agriculture Department report projects live cattle prices stay below recent levels this winter with a potential price rise in 1974.
MENTIONED IN THIS ARTICLE
James R. King
United Press International
New York
Pathmark
Daitc Shopwell
Agriculture Department
Walter Johnson
Armour Co
Little Rock
Ark
Edwin Siveking
Kroger Co
Nixon Receives Housing Aid Study Report From Cabinet
President Nixon met with Housing Secretary James T. Lynn to review final recommendations aimed at easing the housing crunch for middle and low income Americans. Proposals include cash assistance for low income families to buy housing in the private market and variable mortgages with lower initial payments. The White House planned to send the package to Congress by September 7, but a thorough review delayed transmission.
MENTIONED IN THIS ARTICLE
Washington
Nixon
James T. Lynn
Lynn
White House
Congress
Also Mentioned on This Page
UPI
Solons
Watergate Panel
Buenos Aires
Seola Beach
Inside the News-Star
Abby
Lowman
Radio-Tv
van Dellen
WE Ruhwue Alcoa
U. S
DIAL
Leges
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