Misnomer in Balance of Payments Discussions
New York AP notes the term balance of payments persists though seldom balanced since the 1950s. It explores alternative labels like imbalance or international payments condition, and outlines the 1971 payments deficit with conflicting trade deficit figures and varying definitions. The piece centers on the role of confidence in understanding the complex, inconsistently reported data.
MENTIONED IN THIS ARTICLE
New York
Virgin Island
India Bangladesh treaty presented in parliament
Prime Minister Indira Gandhi introduced the 25 year defense and friendship pact with Bangladesh to Parliament, pledging consultative measures if attacked. The accord echoes India's treaty with the Soviet Union and bars either nation from hosting anti other alliances. A joint declaration also stressed closer trade and development, while addressing war crimes and the fate of prisoners of war.
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New Delhi
Indira Gandhi
India
Bangladesh
Mujib
Dacca
Zulfikar Ali Bhutto
Pakistan
Bhutto
Lahore
Mrs. Gandhi
Sheik Mujib
Remembering Hal Boyle on the golden lamp of life
Hal Boyle recalls a bygone era in New York, contrasting memory with present realities. He reflects on simple comforts, working for what one earns, and community life, noting how people valued opportunity, family, and self-reliance over security and excess.
Ford Likes It Nader Doesn't
A White House report on auto pollution controls proposes a two car strategy with low emission cars in polluted areas and higher emission cheaper cars elsewhere. It warns 1976 standards would affect three in ten buyers and suggests flexible enforcement. Ford's Lee A Iacocca called it a valuable information source while Ralph Nader dismissed it as lacking scientific integrity. The report estimates a $350 rise in price for emissions compliance plus $523 for safety standards by 1976.
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Washington
Ford Motor Co
Ralph Nader
White House
Office of Science and Technology
Nader
Ford
Lee A. Iacocca
POW Interviews Reported From Hanoi Broadcast
In Hong Kong the AP reports Radio Hanoi aired parts of interviews with two American Air Force pilots captured after being shot down on February 17. Capt. James Dickinson Cutter of Wichita and Capt. Edwin Alexander Hawley of Miami voiced remorse and longing to return home, expressing fear of dying and a desire for peace.
MENTIONED IN THIS ARTICLE
Hong Kong
Radio
James Dickinson Cutter
Wichita
Kan
Edwin Alexander Hawley
Miami
Fla
Cutter
Shootout Prompts Push to Disband Detroit STRESS Unit
DETROIT AP A STRESS special police unit faces renewed calls for abolition after a shootout in which a Wayne County deputy was killed and three colleagues wounded. Critics cite decoy tactics and gun happy claims while officials defend the program as essential to combat street crime. The incident inflames tensions with Civil Rights groups and the NAACP, who urge ending the unit and its tactics. Guarding organizations threaten recalls against Mayor Gribbs as debates over credibility and effectiveness continue.
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Detroit
Stress
Wayne County
Michigan Civil Rights Commission
NAACP
Civil Rights Commission
Riccardo Buck
Craig Mitchell
Richard Worobec
Buck
Mitchell
Worobec
Julian Cook
Civil-Rights
Guardians
Roman Gribbs
Cook
Heath Pompidou Summit Yields Echoes Of Accord
British Prime Minister Edward Heath and French President Georges Pompidou closed a weekend summit near London with accord on several economic questions but clashed over the political framework of the future European Community. They described talks as fruitful in an excellent atmosphere and eased friction over France's upcoming referendum on enlargement, while aides noted a dispute over the site and role of the EEC political secretariat.
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London
Edward Heath
Georges Pompidou
European Community
Heath
Pompidou
France
European Economic Community
Britain
Paris
Brussels
EEC
U.S
West Germany
Soviet Union
Poland
Europe
North Atlantic Treaty Organization
Moscow
Bomb kills and injures shoppers in Belfast street
A car bomb exploded in Donegal Street Belfast killing at least three and wounding 20. An anonymous caller warned of the blast 15 minutes ahead. the device contained more than 50 pounds of gelignite and struck near the New Letter newspaper as crowds fled.
MENTIONED IN THIS ARTICLE
Belfast
Northern Ireland
Donegal Street
New Letter
FBI Witness May Take Stand In Berrigan Conspiracy Trial
Harrisburg AP The FBI agent who rejected Boyd Douglas' bid for a tax free 60 000 may testify as the final government witness this week in the conspiracy trial of Rev Philip Berrigan and six codefendants Prosecutor William Lynch said about a dozen witnesses are expected to appear today and tomorrow to close the government case Delmar Molly Mayfield is expected to be among them Also Kenneth Filarski an architecture student from Washington DC granted immunity after invoking the Fifth Amendment will testify today
MENTIONED IN THIS ARTICLE
Harrisburg
FBI
Boyd Douglas
Philip Berrigan
Berrigan
Henry A. Kissinger
William Lynch
Lynch
Delmar “Molly” Mayfield
Kenneth Filarski
Washington, D.C
Filarski
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Wilson
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May
Clint Eastwood
Dirty Harry
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the Income Tax People
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