Recession risk hinges on tax cut, Business Roundtable warns
Reginald H. Jones of General Electric told the Senate Finance Committee that the economy could slide into a recession unless Congress enacts a tax cut of at least 25 billion. He warned unemployment could rise by 25 percent by 1980 even with a smaller House measure.
MENTIONED IN THIS ARTICLE
Washington
Congress
Reginald H. Jones
General Electric Co
House
Jones
Senate Finance Committee
Russell B. Long
D-La
Robert Brandon
Ralph Nader
Fairness
Brandon
Congressional Joint Committee On Taxation
Business Roundtable
Hill threatens suit unless interstate gas prices hiked
The report notes Texas seeks a price hike and contends that the Federal Energy Regulatory Commission’s inaction costs the state millions. The fragment mentions a political and legal pressure over energy pricing, with no final decision reported.
MENTIONED IN THIS ARTICLE
Hill
Goren on Bridge and Texas Gas Price Fight
A bridge column discusses a risky slam after South misreads a deal and North jumps to slam. The piece shifts to Attorney General John Hill threatening to sue the interstate gas price commission to raise Texas gas rates from 1.42 to 1.85 per thousand cubic feet, aiming to boost state revenue. Hill, a Democratic gubernatorial candidate, says action is overdue and will file by Sept. 1 unless the commission responds.
MENTIONED IN THIS ARTICLE
John Hill
Commission
Hill
Texas
Commisson
Three Parent Twins Question Attracts Doctors Odd Case
A Norfolk VA AP report outlines Dr Crane advising that twins can have three parents if the mother has multiple partners during conception. The case cites fraternal twins from different fathers and notes possible nonidentical outcomes with varied eye and hair color as a demonstration of genetic variation. The article also covers a separate federal ruling about liability for the Benjamin Harrison Bridge collision, declaring the Marine Floridian seaworthy issues and negligence by the ship owners, with a $7.8 million state claim among the suits.
MENTIONED IN THIS ARTICLE
Edith W
Dr. Crane
Richard Sellam
Bentsen Seeks Tougher PCP Penalties Gains White House Support
Senator Lloyd Bentsen announces White House reversal to back his bill for harsher penalties on trafficking PCP also known as angel dust. Former White House drug adviser Dr. Peter Bourne opposed the measure before resigning in July. Bourne’s stance shift paves the way for Senate approval of the bill.
MENTIONED IN THIS ARTICLE
Washington
Lloyd Bentsen
Texas Democrat
White House
Bentsen
Peter Bourne
Senate
Bourne
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