Troubled Times for Big U S Industries
A New York AP column surveys leaders from Ford to U S Steel and Lockheed, noting paradoxes and distress in autos, steel, oil, aerospace, rail and insurance. Citing Henry Ford II, Edwin Gott, Henri Henrik Houthakker and Lockheed figures, it argues profits and protections face strain as imports and financing tighten.
MENTIONED IN THIS ARTICLE
Henry Ford II
Edwin Gott
U.S. Steel
William Wilson
Lockheed Aircraft Corp
Lockheed
Hendrik
Houthakker
President’s Council of Economic Advisers
America
Britain Eyes Common Market Entry to Boost Prosperity
London reports Britain hopes to join Europe’s Common Market, joining six current members and four prospective entrants Britain Norway Denmark and Ireland. The plan could unify 250 million people into a single trade bloc, boosting West Europe’s global influence and potentially shaping foreign policy and defense.
MENTIONED IN THIS ARTICLE
London
Britain
Europe
West Europe
United States
America
France
Norway
Denmark
Ireland
Italy
West Germany
Belgium-Netherlands
Luxembourg
European Economic Community
House settles SST funding with 97.3 million verdict
The House rejected the Senate 155.8 million SST termination payment and approved 97.3 million instead. The Senate previously voted to end the SST program, while House leaders say the fight is over as Congress heads into weekend.
MENTIONED IN THIS ARTICLE
Washington
House
Senate
Congress
House Appropriations
George H. Mahon
D-Tex
U.S
Boeing Co
General Electric
White House
Boeing Board
William H. Allen
Palmby urges export-led farm policy expansion at Senate hearing
Washington AP United States farm policy official Clarence Palmby told a Senate subcommittee that expanding foreign sales offers a new market horizon for American farmers if protectionism ends. He urged eliminating export subsidies and replacing quotas with fixed duties while ensuring farm income through market-driven programs. He cited record farm exports and noted 70 million acres must be harvested to meet export needs as world trade is shaped by national policies and postwar reforms. Palmby also praised 1970 Act set-aside provisions for market and export orientation and called the act a major, broad policy exploration.
MENTIONED IN THIS ARTICLE
Washington
Congress
United States
Agriculture
Clarence D. Palmby
Palmby
Senate
U.S
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