Trade surplus rises as imports surge in December
The 1975 trade balance shows a record yearly surplus but December imports rise sharply, eroding the monthly gains. Deposits and loans at thrift institutions reach record levels aiding lower borrowing costs. Productivity falls in December while January shows strong thrift inflows and mortgage yields hit new lows for the biweekly auction. Marion Javits resigns from Iran aviation consulting after criticism linked to her husband’s stance.
MENTIONED IN THIS ARTICLE
Washington
U.S
Capitol Hill
Congress
Ford
Federal Home Loan Bank Board
Savings
Federal National Mortgage Association
The
Commerce Department
New York
Marion Javits
Jacob Javits
Iran
National Airlines
Javits
R-N.y
Senate Foreign Relations Committee
Ford budget debate probes deficit and recession risk
National surplus rose to 11 billion but December margin fell from November’s 1.1 billion. Fourth quarter 1975 productivity grew at 1 percent per hour, far slower than Q3’s 9.9 percent. Green span, Simon, and Lynn defended Ford’s 1977 budget with a 394.2 billion proposal, while economists split on stimulus. Some urge more expansion amid recession fears, others warn against inflation.
MENTIONED IN THIS ARTICLE
U.S
Labor Department
Capitol Hill
Ford
Alan Greenspan
Council of Economic Advisers
Greenspan
House Appropriations Committee
Treasury
William E. Simon
James T. Lynn
House
IBM
David Grove
Bond Firm Heist Nets 1.5 Million In Bonds
In Los Angeles two men in business suits robbed Munici Corp of California in Century City, seizing about 1.5 million dollars in negotiable bonds. They confronted an unarmed messenger, forced him into a room, and fled in a waiting 1962 van with an accomplice. Police believe the assailants may have known the firm’s employees.
MENTIONED IN THIS ARTICLE
Los Angeles
Alan Varner
Varner
Century City
The
Munici Corp. of
California
Warner
Rogers
Airport Bomb Detectors May Raise Fares and Delays
FAA tests explosive detectors that could lift ticket prices about 50 cents and cause passenger delays of one to three hours. McLucas cited the LaGuardia bombing as the impetus and noted current hand searches remain common. Potential test sites include National and Dulles airports.
MENTIONED IN THIS ARTICLE
Washington
Federal Aviation Administration
FAA
John McLucas
McLucas
LaGuardia
New York
National
Dulles International
Hoth
Hearst trial aims to seat jury within days
In San Francisco AP judge Oliver J. Carter says jury selection for Patricia Hearst bank robbery trial should finish by tomorrow. On the first day 40 of 114 potential jurors were dismissed for hardship or bias, with 36 rejected and 4 deemed unable to judge impartially. The judge warned of a four to five week sequestration and plans to question 36 jurors individually. Hearst appeared solemn, attentive, and briefly smiled as she stood with her family.
MENTIONED IN THIS ARTICLE
San Francisco
Patricia Hearst
U.S. District Court
Oliver J. Carter
Carter
Miss Hearst
Randolph
Catherine Hearst
Anne
Vicki
Mrs. Hearst
Also Mentioned on This Page
Hendikvan
Cannon
Ibyel Tandy Ae
Cannon's
Cotswolds
Frederick
Wool
Evan Picone
F. A. Chatta
Devon Sportswear
Fallani & Cohn
Hearst
Division of
Phoenix, Inc
Baby Beef
Hhh
East St
Patrick ST. Frederick
Maryland
Warner Bros Reg
North Market St
Newstar
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