Money Talks Go On Global effort to reform monetary system
Washington AP reports officials from several nations named by the IMF to craft a new monetary reform plan gather for days of work. Burns and Volcker express optimism that solid progress may occur this year as the IMF Committee of 20 aims to have a plan ready by fall amid currency shocks and new float arrangements by Japan Britain Canada and European links against the dollar.
MENTIONED IN THIS ARTICLE
Washington
International Monetary Fund
Federal Reserve Board
Arthur F. Burns
Treasury Department
Paul A. Volcker
Burns
House
Volcker
IMF
Japan
Britain
Canada
Reform
Banks Seek Backing for 6 Percent Prime Rate Hike
Banks led by Manufacturers Hanover Trust of New York moved to justify a half point rise to 6 percent in prime lending. Arthur Burns of the Nixon administration urged a meeting to discuss the move, noting the committee lacks authority to force a rollback though the President could.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Manufacturers' Hanover Trust of
New York
Arthur F. Burns
Burns
Federal Reserve Board
Chou En Lai Drops Public Duties at 75
TOKYO AP reports Premier Chou En lai has suddenly withdrawn from public life, fueling talk of a vacation or reduced activity. The 75 year old Chinese leader last appeared at a tea party on International Women’s Day in Beijing March 8, with official media silent for two weeks beyond a wreath sent March 7 to a former minister’s memorial.
MENTIONED IN THIS ARTICLE
Tokyo
China
Chou Enlai
Peking
Hsnhua
Peking Radio
Gray Nomination Faces Senate Tie Over Watergate Probe
The nomination of L Patrick Gray III as FBI director appears doomed by a Senate Judiciary Committee deadlock as hearings stretch into a ninth day. Gurney says the panel is evenly split, risking a tie that could block confirmation, amid Watergate investigation questions about Gray's handling of FBI reports and White House access.
MENTIONED IN THIS ARTICLE
Wasilington
L Patrick Gray III
FBI
Senate Judiciary Committee
Gray
Edward J. Gurney
Gurney
R-Fla
Grays
Edward M. Kennedy
D-Mass
White House
John W. Dean
Atty
Richard G. Kieindienst
Kennedy
Cray
J. Edgar Hoover
Volved
Watergate
Senate
Sen
Sam, J. Ervin Jr
Judiciary Committee
Ervin
Dean
Nixon
Congress and Nixon clash over impounded funds row
Senate set to order President Nixon to release 120 million in grants for rural water and sewer projects in towns under ten thousand, part of spending Nixon seeks to curb inflation. House Democrats oppose admin rules cutting nearly 1 billion in federal social services aid, saying stricter rules would hit 3.8 million in programs like day care and elder care.
MENTIONED IN THIS ARTICLE
Washington
Senate
Nixon
White House
Congress
House
House Democrats
Donald M. Fraser
Democratic Caucus
Fraser
Ogden R. Reid
D-N.y
Libyan Attack on Plane Raises Spy Speculation
In Washington officials report a U S Air Force C130 was attacked by Libyan jets over international waters near Libya while on an unspecified mission. The plane escaped unharmed to Athens after cannon fire missed. State and Defense sources say the mission remains secret, with suspected electronic intelligence work, raising speculation of Libyan knowledge and motives.
MENTIONED IN THIS ARTICLE
Washington
Mediterranean
U.S
Libya
Athens
William P. Rogers
Tripoli
Defense Department
State Department
Sinai
Charles W. Bray
Ellsberg Cleared To Read Pentagon Papers in 1960s
Los Angeles AP says Daniel Ellsberg was officially cleared to view the Pentagon Papers during the Vietnam era. Morton Halperin testified that Ellsberg had authorized possession and could not have stolen them, noting the study was marked top secret and sensitive, with limited circulation beyond defense officials.
MENTIONED IN THIS ARTICLE
Los Angeles
White House
Congress
Pentagon
Daniel Ellsberg
Ellsberg
Morton Halperin
Defense
Nixon
Henry A Kissinger
Anthony Russo
Halperin
Halpern
Vietnam
Samp
Secretary of Defense
Robert S. McNamara
Defense Department
Rule Resumes Cost Cutting Role in Navy
Washington AP Rule Gordon Rule, once Navy cost cutter expert, was reinstated to a top cost cutting post after a prior retirement demand tied to weapons contract talks. Pentagon sources confirmed the move, with Adm Isaac C. Kidd issuing the public statement.
MENTIONED IN THIS ARTICLE
Washington
R. Gordon Rule
Navy
Senate
Navy Materal Command
Pentagon
Rule
Adm
Isaac C. Kidd
Kidd
Navy Supply School
Also Mentioned on This Page
Chou
Henry Kissinger
Wilmington
Del
Reid
Health, Education and Welfare
Caspar W. Weinberger
Véasous
Puritan
TY AK
Valan
Barry
ANGEL
Eaachive
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