US Heads Into Long Cold Winter Bracing for Energy Crisis
The United States faces a prolonged cold winter with potential industry shutdowns and rising fuel and utility prices. Across the East, Tennessee Valley, Midwest, and Northwest, gas and electricity shortages threaten home heating and business expansion while contracts dry up and rates climb. Utilities report dramatic price jumps for coal, oil, and gas, and planners warn of stubborn regulatory and supply problems shaping a nationwide energy squeeze.
MENTIONED IN THIS ARTICLE
Washington
United States
Tennessee Valley
Upper Midwest
Far Northwest
Associated Press
Africa
Middle East
Caribbean
Electric Light Department
Braintree
Mass
Boston
Alban G. Spurrell
Spurrell
Pepples Gas Light and Coke Co
Chicago
Edward Joyce
Consumers Power Co
Michigan
Jack Dyer
Tennessee Valley Authority
James Watson
TVA
Cincinnati Gas and Electric Co
Cleveland Electric Dominating Co
Watson
Far
Northwest
Bonneville Power Administration
Oregon
Idaho
Montana
BPA
Columbia River
Factors Cut Loans In Tight Money Era
A recent Agriculture Department report shows direct farm loans down by about one third due to tight money policies and high interest rates. Life insurance, federal land banks, and FHA direct loans fell to $66.5 million in the first half, the lowest since 1962, with rural housing increasing 8 percent to $416 million as insured loans expanded.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Federal Land Banks
Farmers Home Administration
Federal
FHA
The
Economic Research Service
Federal Land Bank
Officials Back Revised Nixon Revenue Sharing Plan
A coalition of eight state and local government associations endorsed a revised federal revenue sharing plan unveiled by Murray L. Weidenbaum. The revisions aim to boost local funding, expand spending flexibility, and widen distribution options, as Congress debates Nixon’s stalled program and House opposition wanes. Cleveland Mayor Carl Stokes praised the consensus amid prior divisions among officials.
MENTIONED IN THIS ARTICLE
Atlanta
Nixon
Murray L. Weidenbaum
Aasistant Treasury
White House
National League of Cities
Weidenbaum
League
Congress
House
Ways and Means Committee
Wilbur Mille
D-Ark
Cleveland
Carl Stokes
Coalition
Stokes
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Bernard Goldhammer
Los Angeles
EPA
Floyd L. Goss
Ohio
Assmer
Christian Bros
Cadillac
Eldorado
America
Ray
Americard
Ottawa
S. Main
Kansas
Sanitone
West 2Nd
West