Nixon Devalues the Dollar by Ten Percent
Washington AP Nixon devalued the dollar by 10 percent to steady world money markets and restore confidence in the U S currency The move followed a December 1971 agreement and is the second devaluation in 14 months Treasury Secretary George P Shultz said the action will aid U S consumers workers and businesses The IMF welcomed the measure saying it will improve world payments confidence and push monetary reform
MENTIONED IN THIS ARTICLE
Washington
Nixon
U.S
Treasury
George P. Shultz
Shultz
Workingman
John Turner
International Monetary Fund
Trapped Robbery Duo Surrenders After 8 Hour Siege
Two teenage gunmen held 22 hostages in a northeast Dallas bar for over eight hours before surrendering at 8 46 a m EST. Milton Allen Frank 18 escaped from a Terrell state mental hospital three years ago and Robert Gordon 17 of Dallas were named by police. The pair demanded a car with gas and a plane to escape as authorities awaited Frank’s father’s arrival from Las Vegas.
MENTIONED IN THIS ARTICLE
Dallas, Tex
Dallas
Milton Allen
Frank
Las Vegas
Milton Allen Frank
Terrell
Tex
Robert Gordon
Gordon
More Needy Children Will Get Free School Lunches
The Agriculture Department proposes extending free school lunches to more needy children by allowing local officials to judge hardship cases beyond income guidelines. Income limits could be raised by up to 25 percent for free meals and 50 percent for reduced-price servings, with public comment through March 16 and the change effective next fall pending funding in Nixon’s budget of 663 million dollars for the new fiscal year.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Congress
Foreign exchange markets mostly closed amid dollar devaluation
Most international currency markets stayed shut as governments weigh the effects of the U S dollar devaluation. West Germany welcomed Washington action but won't revalue the mark upward while Japan’s yen is allowed to float. London reopened with the pound at 2 48 dollars, then slipped to 2 45. Finance ministers of nine Common Market nations planned a Brussels talks on the monetary situation.
MENTIONED IN THIS ARTICLE
London
U.S
Washington
Kiichi Aichi
Tokyo
Paris
Frankfurt
Brussels
Night Manager Slain at Biltmore Hotel in Midtown Robbery
New York police report three armed men robbed the Biltmore Hotel lobby early today. Night manager Robert Schwartz, 47, was shot once beneath the chin and died at the scene. The assailants fled on foot. no money was taken. Police listed descriptions of a black suspect and two Hispanic suspects, with details of height and clothing.
MENTIONED IN THIS ARTICLE
New York
Biltmore
Midtown
Robert Schwartz
Schwartz
Grand Central Terminal
Carbon Dioxide Fatal To Brother, Sister
A brother and sister were found dead in their Buffalo apartment on Monday, believed to be victims of carbon dioxide poisoning. Gertrude Chapman, 66, and Charles McDaniel, 55, lived in a rear unit. Investigators said a gas heater and oven were burning at their highest setting, consuming the oxygen. Iroquois Gas Corp. reported no defects in the heater or oven.
MENTIONED IN THIS ARTICLE
Buffalo (Ap
Gertrude Chapman
Charles McDaniel
Leo J. Donovan
Iroquois Gas Corp
Airport Operators Seek Block on Gate Armored Guards Rule
Airport Operators Council International pressed a federal judge to stay FAA authority over a rule that would require immediate stationing of armed security guards at airport boarding gates. Judge John Lewis Smith previously granted a temporary restraint but then ruled an emergency justified immediate enforcement, citing substantial jeopardy to traveler safety.
MENTIONED IN THIS ARTICLE
Washington
Airport Operators Council International
U. S
Snow Removal Boost Expected As Temperatures Rise In SC
The Associated Press reports rising SC temperatures should speed snow clearing on highways and free stranded motorists. Gov. West sought a disaster declaration for 31 of 46 counties after up to 23 inches fell, with 12 South Carolina deaths and three in Georgia. Major roads expected to reopen by noon.
MENTIONED IN THIS ARTICLE
S. Carolina
Associated Press
South Carolina
John West
Nixon
Midlands
Seacoast
West
Georgia
Alabama
South
North Carolina
Plains
Kansas
Iowa
Canadian
Rockies
Triple Hallets Shot Dead Near Jamestown Town of Busti
Rob ert W. Hallett 49 his wife Grace 39 and daughter Ann 8 were found shot to death in their ranch style home near Jamestown New York. An automobile linked to Hallett was recovered in Detroit and a man was taken into custody. Police suspect robbery. house ransacked and money rumored to be kept at home. Post mortems planned at Meyer Memorial Hospital in Buffalo.
MENTIONED IN THIS ARTICLE
Jamestown
N.Y
Detroit
Michigan City
Robert W. Hallett
Grace
Ann
Busti
Harry Berry
Frewsberg
Berry
Sand
Hallets
Anthony L. Bardossi
Hallett
Halletts
Price Cutters
New York
Pennsylvaia
Post
Meyer Memorial Hospital
Buffalo
South Main Street
Newly Released U S POWs Seek Homeward Flight
At Clark Air Base Philippines AP United States POWs welcomed freedom with hot showers meals and mateship as they undergo medical checks and processing. Fourteen two men arrived Monday from Hanoi and South Vietnam and prepare for flights to Travis California amid high spirits and lingering memories of confinement.
MENTIONED IN THIS ARTICLE
Clark Air Base
Philippines
United States
Hanoi
South Vietnam
Travis Air Force Base
California
Clark
Nixon Hints Hijack Accord With Cuba
President Nixon indicated in White House remarks that an agreement on hijacking had been reached with Cuba. He said he spoke with Secretary Rogers and that Rogers would provide details later, as Rogers and Shultz headed to Florida to confer with Meany on devaluation and trade legislation.
MENTIONED IN THIS ARTICLE
Nixon
Cuba
Washington
White House
William P. Rogers
Rogers
Florida
Treasury
George Shultz
AFL - Cio
George Meany
Convict Dies After Cellmate Attack in New York Jail
Miguel Cruz, 51, died of an apparent concussion after being assaulted by cellmate Miguel Pamental at Manhattan House of Detention where both men were on psychiatric hold awaiting trial. Cruz had been jailed since December 19 on charges including attempted homicide.
MENTIONED IN THIS ARTICLE
New York
Manhattan House of Detention
Correction Department
Miguel Cruz
Cruz
Miguel Pimental
al Castro
Pimental
New York Legislature OKs No-Fault Auto Insurance Bill
The New York legislature approved no fault auto insurance allowing injured motorists to recover up to 50000 without suing. Gov Rockefeller expected to sign, effect Feb 1 1974, with projected average premium drop around 14 dollars per car annually. Debates were sharp with Democrats criticizing profits and discrimination.
MENTIONED IN THIS ARTICLE
Albany, N.Y
New York State
Nelson A. Rockefeller
Kissinger Ends Hanoi Talks With Two Day Hong Kong Stop
Henry Kissinger arrived in Hong Kong for a two day rest en route to Peking after three days of Hanoi talks. A U S official cited a lengthy breakfast meeting with Le Duc Tho and a total of about 16 1/2 hours of talks with North Vietnamese officials. He planned to meet Premier Chou En Lai in Peking to discuss the Paris peace conference and possible progress on securing pilot releases.
MENTIONED IN THIS ARTICLE
Kissinger
Hong Kong
Peking
Henry A. Kissinger
Hanoi
U.S
le Duc Tho
Vietnam
Tho
Harborside
White House
Nixon
Chou En-lai
Paris
Indochina
China
Ford Motor Co Fined 7 Million in Emission Test Tampering Case
Washington AP reports Ford Motor Co was fined seven million dollars after pleading no contest to a 350 count criminal information in Detroit. The Justice Department said employees illegally tampered with 1973 Ford cars during antipollution tests and Ford signed a consent decree ending the civil suit.
MENTIONED IN THIS ARTICLE
Washington
Ford Motor Co
Ford
Justice Department
U.S. District Court
Detroit
Pentagon says 20 more POWs to be released soon
Defense officials announced that North Vietnam would release 20 American prisoners of war in a goodwill gesture after Dr Henry Kissinger's Hanoi visit. Pentagon spokesman Jerry W. Friedheim said the list of names was received early today and next of kin are being notified before public release.
MENTIONED IN THIS ARTICLE
Washington
Pentagon
North Vietnam
Henry Kissinger
Hanoi
Defense Department
Jerry W. Friedheim
Nixon Urges Tough Trade Laws to Tighten U.S. Deficit
President Nixon said the dollar's devaluation must be followed by strict trade legislation to create a fairer deal for American businesses and reduce the chronic trade deficit. He signalled a sterner U.S. stance in talks and moves to erase abroad restrictions.
MENTIONED IN THIS ARTICLE
Washington
Nixon
U.S
Rockefeller Signs No-Fault Auto Insurance Bill
Governor Nelson A. Rockefeller signed New York’s no fault auto insurance bill, calling it a triumph of good sense and a victory for the people. The ceremony followed a swift legislative passage roughly 14 hours earlier, driven by Republican support.
MENTIONED IN THIS ARTICLE
Albany, N.Y
Nelson A. Rockefeller
New York
Items from river search probe missing mother of three
A car jack and a three foot strip of blanket found under a bridge in Belgium northwest of Syracuse are being analyzed at the police crime laboratory. Divers found them Monday while probing the Seneca River for Judith A. Giannino 30 of Lyncourt, missing since.
MENTIONED IN THIS ARTICLE
Syracuse
N.Y
Seneca River
Police Crime Laboratory
Belgium
Syriacuse
Judith A. Giannino
Lyncourt
Chlorine Gas Fells 17 at Paper Plant
Chlorine gas leaked from a gasket on a pipe line at the International Paper Co plant in North Tonawanda New York, felling 17 workers including three firemen. None in serious condition. all treated at DeGraff Memorial Hospital. The leak came from a line dashed from a tank car on a rail siding.
MENTIONED IN THIS ARTICLE
North Tonawanda
N.Y
International Paper Co
DeGraff Memorial Hospital
Steelworkers vote for district officers across North America
Pittsburgh AP reports about 1.4 million United Steelworkers begin voting for district officers nationwide and in Canada. No contests for top executive posts with I W Abel unopposed for president and Walter J Burke unopposed for secretary treasurer. Jobin S Johns, from Ohio, will become vice president, replacing retiring Joseph Maloney.
MENTIONED IN THIS ARTICLE
Pittsburgh
United Steelworkers
Canada
I.W. Abel
Abel
USW
Walter J. Burke
Jobin S. Johns
Ohio
Joseph Maloney
Packaging rules for bacon and ham delayed by USDA
The Agriculture Department postponed two new packaging regulations for bacon and ham for six months to August 1. One rule requires visible coverage of at least 70 percent of a representative bacon slice, the other requires listing curing ingredients on ham labels.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Also Mentioned on This Page
George
UPI
Japan
Finance Ministry
Bank of Japan
West Germany
Great Britain
Biltmore Hotel
Los Angeles
San Diego
Mt. San Jacinto
Riverside County
Sen
A. Frederick Meyerson
Brooklyn
Meyer
Son
Assembly
Samuel D. Wright
Late Wire News
Ford Motor
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