Business Leaders See Brighter Days Under Ford
Business leaders and economists expect some improvement in the economy after Fres dom Nixot's resignation. They urge caution until Ford policy is clearer, noting inflation and a wary Congress.
09 Aug 1974
Page 1
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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Aug 09, 1974
Page
1
Business leaders and economists expect some improvement in the economy after Fres dom Nixot's resignation. They urge caution until Ford policy is clearer, noting inflation and a wary Congress.
Spiro Agnew offered no comment when asked about President Nixon's downfall. The former vice president, now a imports exporter, left his office at 5:45 wearing slacks and a knit shirt with a tennis racquet and briefcase. He resides in a new $160,000 home about 20 miles away.
Gerald R. Ford named Jerald F. terHorst, Washington bureau chief of the Detroit News, as the new White House press secretary. TerHorst, 52, was Ford’s first appointment after the resignation announcement.
Washington reports momentum shifts as Sen Ed Brooke withdraws his immunity resolution after Nixon offers no full confession. Experts say resignation ended his official shield, while Ford could grant a preemptive pardon to spare prosecution. Charges range from obstruction of justice to fraud and tax issues tied to Watergate era actions.
Geneva reports a joint commission says cease-fire lines and buffer zones separate Turkish and Greek Cypriot forces. Violence flared again in Cyprus as UN urged both sides to observe the truce while talks focus on politics and prisoner exchanges.
El mer Warne Henler, convicted of six sex torture deaths of 27 youths in Houston, receives six consecutive 9 year terms totaling 504 years plus an earlier 90 year sentence. Judge Preston H. Dial orders transfer to Huntsville for appeals, possible parole after credits.
Los Angeles mayor Tom Bradley says the United States is ready for a black vice president. He commented on reports that Sen Edward Brooke is on a list of successors to Vice President Ford as Nixon resigns. Bradley spoke in Montreal during a visit to view the subway system. Treasury estimates say at least 80 million dollars a year.
The court of Prince Rainier hosted 2000 guests as Mstislav Rostropovich performed with musician Aram Khachaturian. They planned to premiere a cello concerto Khachaturian dedicated to Rostropovich.
Findlay Ohio councilman Kim Hite says he will fly the flag at half staff until the next presidential election to mourn the idea of forcing Nixon to resign. He blames Watergate on a conspiracy to undermine American morals and criticizes Nixon’s critics.
Washington AP reports Richard M. Nixon's resignation marks the first time a U S president left office voluntarily in 165 years. Spiro Agnew had resigned earlier and the 25th Amendment allowed the Vice Presidency to be filled, avoiding a succession crisis.
President Thieu ordered a general military alert in South Vietnam to prevent a possible Communist strike after the U S presidential transition. Officials warn Hanoi may seek to exploit the change as fighting continues around Saigon and across other regions.
Foreign observers express relief at end of Nixon era and expect Kissinger to maintain policy continuity. Leaders in Saigon Egypt Israel NATO nations and Europe weigh implications while Japan and China react cautiously. Powell to return home after prostate surgery at Mayo Clinic.
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