Pact on money crisis reached by 14 nations in Paris
In Paris 14 nations including the United States agreed to steps to end the monetary crisis and stabilize currency exchange. Treasury Secretary George P. Shultz outlined aims to ease capital flow into the U.S. and encourage eurodollar repatriation, with actions tied to market conditions and balance of payments trends. Officials stressed avoiding currency devaluations while containing inflation and curbing hot money outflows across borders. The discussions also covered swap arrangements to support dollar stability and measures to attract short-term capital back to the United States.
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Paris
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George P. Shultz
The
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Valery Giscard d'Estaing
France
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State Senate Debates House bill on conference committee limits
The State Senate Thursday debated a house approved bill restricting conference committee action on appropriations measures. A government study on blood lead levels in preschoolers shows figures higher than expected.
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State Senate
Conference Committee
32 More POWs Freed in Clark Air Base Welcome
The Viet Cong released 32 American prisoners of war at Clark Air Base Philippines. Air Force Col. Theodore W. Guy praised Nixon bombing Hanoi and Haiphong last December. The group arrived with 26 other POWs and five civilians freed earlier in the week. additional releases are expected by March 7.
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North Vietnam
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United States
Pe Penen
Air Force Hospital
China
Vietnam
Maj
Floyd J. Thompson
Hudson, Mass
Philip W. Manhard
State Department
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Special Forces
Mecca
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Runn
Arma
Charles
Cronk
Weather Notes and Rain Showers Across Regions
Weather readings show variable showers across multiple locations with a general warming trend ahead. Measurements include rainfall totals near key stations and forecasts indicating rising temperatures and a shift to drier conditions later in the period.
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Tornado Threat Bakes Texas Panhandle to Gulf Coast
Weather bulletin reports a severe system moving across Central and North Texas from San Angelo to Fort Worth Dallas and Waco with tornado warnings in Tyler Casper areas. Rain and snow showers spread from the Texas Panhandle to Louisiana while cooler air cools the state and storms pummel Angelina Polk Tyler Jefferson Hardin counties.
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el Poa
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Senate panel ponders court clash over Dean testimony
FBI nominee Gray III faces a showdown as Nixon blocks White House Counsel Dean from testifying. Sen. Ervin signals possible contempt action and court test, while allies urge negotiation to secure Dean’s appearance for Watergate investigations and Gray nomination scrutiny.
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R.tenn
Baker
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R-Conn
Floridian Slave Labor Case Emerges From Homestead Probe
Police freed 27 workers from a Homestead area labor camp described as a slave operation. Witnesses accuse boss George Brown and Lafayette Mathes of coercion, beatings, and threats to keep workers from leaving. Victims, ages 15 to 60, say debts and fear kept them tied to the camp while wages and conditions were severely limited.
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Bryant
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Der
Quipster Everyvindy and the eraser worn thin
A quirky note notes that humor editor Quipster Everyvindy pushes wit until the eraser wears out before the pencil, warning that excess edits or overdoing humor can blunt the point and tire readers.
Jackson proposes 10 year energy plan with federal industry corps
Senator Henry M Jackson of Washington unveils a 10 year program to boost U S fuel supplies by spending 20 billion dollars by 1983 and creating five government industry corporations for shale production coal gasification and other energy systems The plan avoids nuclear energy and criticizes the Nixon administration while urging 12 billion dollars annual private sector friendly federal support and broad based R D and energy management initiatives backed by co sponsors Magnuson Randolph.
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Henry M Jackson
D-Wash
Jackson
Congress
Nixon
Warren G. Magnuson
Jennings Randolph
D-W
Interior Committee
White House
Randolph
Lawmakers Move To Reform Confidential Records Access
Lawmakers push after the Supreme Court ruling to speed up declassification of government documents. Representative Moorhead and 3 colleagues introduce amendments to require mandatory local review to guard national defense or foreign policy, amid debates over executive secrecy.
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Supreme Court
Mink
Moorhead
United States
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