Energy crisis warns farmers of hard times ahead
Kansas City AP report on Dr. Kenneth L. Lay warning American farmers to brace for severe energy shortages. He urged rapid, decisive action to reduce nonessential energy use, possible rationing, car pools, lower speeds, reduced travel, and tighter government energy policies. He stressed Project Independence by 1980 requires coal growth and cautioned of deep economic dislocations if not pursued.
MENTIONED IN THIS ARTICLE
Kansas City
Department of the Interior
Kenneth L. Lay
Lay
Farmland Industries, Inc
U.S
Free World
Middle East
Investment Firm Urges New Monetary Policy
John Wright of Wright Investors' Service argues current Fed policy keeps money tight and rates high, choking investment and expansion. He says oil supply issues aside, lower prime rates from over 9 percent and long term corporate bonds from 8.5 percent are needed to avert recession and boost production, jobs, and stock confidence.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Board
Fed
John Wright
Wright Investors’ Service
Wright
Arthur F. Burns
Kissinger Heads to Europe to Seek Cooperation
Secretary of State Kissinger departs for Brussels with promises of advance consultation to NATO allies. He carries no formal proposals and aims to show a cooperative stance while Europe shapes its own organization. He later plans Middle East talks and Geneva peace conference kickoff. He met Moshe Dayan who said Israel will be forthcoming but avoided pledging withdrawals.
MENTIONED IN THIS ARTICLE
Washington
Henry A. Kissinger
Europe
U.S
Atlantic
State Department
Middle East
Geneva
Ashraf Abdel Latif Ghorbal
United States
Dayan
Ford Shapes Role in Congress Beyond Agnew
Vice President Gerald R. Ford, 60, brings long Capitol Hill ties and a relaxed style that could make him a stronger congressional influence than Spiro T. Agnew. Ford has worked with both parties in the House, maintains close ties to Nixon, and aims to steer relations with Congress amid Democratic majorities and Watergate tensions.
MENTIONED IN THIS ARTICLE
Washington
Gerald R. Ford
Congress
Spiro T. Agnew
Capitol Hill
Agnew
Senate
GOP
Len B. Jordan
Idaho
Capitol
U.S
Ford
Pennsylvania Avenue
Nixon
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