Economic forecast gloomy eyed for 1975 tax cut on table
Ford aides warn of worse economic news ahead as unemployment hits 7.1 percent in December and total employment falls 500000. Talk grows of a 10 billion tax cut to spur recovery while Fed lowers rates and banks raise lending costs. Republic Steel raises prices amid steel market pressure.
MENTIONED IN THIS ARTICLE
WASHINGTON
Ford
White House
Treasury
William F. Simon
Alan Greenspan
Council of Economic Advisers
William Seidman
Frank G. Zarb
Labor Department
Ron Nessen
Federal Reserve Board
Ford vetoes six cent milk hike as Butz approves three cent rise
President Ford vetoed a bill lifting retail milk prices by six cents a half gallon to 7.69 per hundredweight with 85 percent parity. Agriculture Secretary Earl Butz then announced an administrative move to raise the manufacturing milk price to 7.24 per 100 pounds, effective through March 31 1976, to curb falling farm prices.
MENTIONED IN THIS ARTICLE
WASHINGTON
Ford
Agriculture
Earl L. Butz
Butz
Ford signs sweeping trade reform bill at White House
President Ford signed a broad trade reform bill granting authority to cut tariff barriers for new negotiations. He praised it as the most significant tariff measure since the start of the trade agreement program, while voicing reservations about Soviet linkage and OPEC restrictions. The package also allows reporting of state lottery results and faces broader inflationary milk price concerns.
MENTIONED IN THIS ARTICLE
WASHINGTON
Ford
White House
Congress
Organization of Petroleum Exporting Countries
OPEC
Venezuela
Ecuador
William B. Saxbe
PE electric hearings set on 22 percent rate increase
The Maryland Public Service Commission schedules four public hearings in Western Maryland towns to consider Potomac Edison’s 22 percent rate hike. Hearings in Hagerstown January 14, Oakland January 24, Cumberland January 25, and Frederick County January 27.
MENTIONED IN THIS ARTICLE
Maryland
Potomac Edison
Maryland Public Service Commission
Frederick County
Winchester Hall
court house
Hagerstown
Oakland
Cumberland
PSC
PEs
Consumer protections improve as 1974 laws take effect
Americans begin 1975 with stronger credit safeguards and new disclosure rules. Laws enacted in 1974 ban sex discrimination in credit decisions, require clearer billing for computer errors, and let card users receive cash discounts when allowed. New rules also mandate closing cost disclosure, itemized transactions, and auto recall repair costs.
MENTIONED IN THIS ARTICLE
LOUISE COOK
Associated Press
Consumer Protection Agency
Congress
FSK Hotel Not Closing Amid Rumors in Frederick
Hotel management denied rumors the Francis Scott Key Hotel would shut down saying it remains open as a convention hub. Norman Todd and Virgil Hylton cited New Year’s Day closure rumors as unfounded while detailing five major conventions booked for early 1975 and ongoing renovations to a fire-damaged wing.
MENTIONED IN THIS ARTICLE
Frederick
Virgil D. Hylton
Norman W Todd
FSK Hotel
Maryland Department of Transportation
National Cancer Institute
Frederick Cancer Research Center
Fort Detrick
Maryland Baptist Youth Convention
Maryland
Francis Scott Key Hotel
American Association of University Women
Todd
civic club
Wedgwood
Buffalo
Natural gas shortage predicted in nationwide brief
Inside The News reports a predicted natural gas shortage with potential nationwide impact. The brief also notes reports of mass assaults in northern Vietnam and updates on legal actions involving Anderson and Haldeman. Weather outlook calls for partial clearing, highs near 50 and weekend upper 40s.
Frederick Electronics hosts open house and Eltex II showcase
Frederick Electronics Corporation unveils Eltex II the fast central switching device for telex machines at its Hayward Road plant. The company a Plantronics subsidiary employs over 200 in hardware and software roles and has expanded into international markets via Frederick Electronics Canada Limited in Montreal.
MENTIONED IN THIS ARTICLE
Frederick Electronics Corporation
Hayward Road
Frederick Electronics
Frederick County
international communications
Plantronics, Inc
California
Frederick Electronics engineers
Eltex
CNCP Telecommunications
Frederick Electronics Canada Limited
Montreal
Also Mentioned on This Page
Fed
First National City of
New York
Citibank
Republic Steel Corp
Buzz
State Department
FSK
Inside The News
ANDERSON
HALDEMAN
Words of
ae Bridge Tee eee etna eens
Church Section AG
Gazler
American Stock Exchange
Plantronics
Neil Sandler
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