Recession a Distinct Possibility Looms in 1970s Economy
Washington AP reports rising prices and higher interest rates fueling recession fears. Federal Reserve Chair Miller was overruled as rates rose to 9 percent on bank lending and the discount rate to 7.44 percent, with Blumenthal warning of the pace of cost of living up 0.9 percent in May and 10.2 percent annual inflation through May.
MENTIONED IN THIS ARTICLE
G. William Miller
Federal Reserve Board
Treasury
W. Michael Blumenthal
Federal Reserve
Miller
Carter
J. Charles Partee
Henry C. Wallich
Philip E. Coldwell
Philip C. Jackson Jr
Blumenthal
National Press Club
Gambling Czar Harrah Dies After Heart Surgery in Mayo Clinic
William Fisk Harrah, who built a Nevada gambling empire from a small bingo parlor, died of heart failure after heart surgery at St. Mary’s Hospital Mayo Clinic in Rochester Minnesota. He was 87 and led a major hotel casino group with about 6,500 employees plus a vast auto collection and Idaho real estate holdings. The Ottawa city offices and courthouse closed for the Fourth of July, with only Monday hours affected and the Ottawa Herald publishing Monday.
MENTIONED IN THIS ARTICLE
Reno, Nev
William Fisk Harrah
Nevada
Harrah
St. Mary's Hospital
Mayo Clinic
Rochester
Minn
Norman Nelson
Tall Millionaire
Stateline
Scenic Lake Tahoe
Idaho
Ottawa City Hall
Franklin County
Ottawa Herald
Harvest Hits Full Swing Across Kansas Amid Boxcar Shortage
Harvest is underway statewide with 325.5 million bushels expected, but boxcar shortages force farmers to dump grain. Ada carries about 70,000 bushels in a mound, Wells 45,000 on the ground, and Barnard stores 45,000 along the main street. Test weights run 60 to 64 pounds per bushel, moisture is low, and yields range from four to 77 bushels per acre. Harvesting begins near Goodland as northwest Kansas enters full swing.
MENTIONED IN THIS ARTICLE
Salina, Kan
Kansas
Ada
Wells
Barnard
Tom King
MGM Elevator
Goodland
KCC Staff Defends Consumer Interest In Utility Rates
Topeka Kansas. The Kansas Corporation Commission chair emphasizes a quasi judicial role while staff are urged to advocate for the public. Over four years big four utilities asked for 14 rate increases with varied success, and hearings on major requests were delayed to Aug. 14 at a consumer group’s request. Gas Service Co. and Kansas Power and Light Co. had notable requests and partial approvals. The KCC reviews energy cost pass-ons monthly and stakes emphasize recovery of actual energy costs over guaranteed returns. The article notes the commission’s approach and quotes Van Bebber on maintaining fairness and public interest through staff advocacy.
MENTIONED IN THIS ARTICLE
Topeka
Kan
Kansas Corporation Commission
G.T. van Bebber
KCC
Kansas
van Bebber
ECC
Commission
Southwestern Bell Telephone Co
Kansas Power and Light Co
Kansas Gas and Electric Co. and
Gas Service Co
Jeffrey Energy
Manhattan
KPL
Gas Service
Southwestern Bell
Bell
Pete Crow
Kg&e
Robinson Quits Post as Kansas Aging Secretary
Forrest J. Robinson resigned Friday as secretary of the Kansas Department of Aging after a brief staff notice. He cited deep personal reasons and said the governor accepted the decision. Robinson, a 1974 GOP challenger to Gov. Bennett, had served as liaison to the Ozarks Regional Commission before this post.
MENTIONED IN THIS ARTICLE
Topeka
Kan
Forrest J. Robinson
Robert F. Bennett
Department of Aging
Robinson
Wichita
United Methodist
Derby
Winfield
First United Methodist Church
Bennett
Ozarks Regional
Also Mentioned on This Page
Washington
Ottawa
Jesse Owens & Co
Worlds of Fun
Forest Park
Mike Gullett
Jayhawk Painting
Lawrence
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