Budget Director Bert Lance Warns on Interest Rates
Budget Director Bert Lance, a former Georgia banker, says the country does not do well with abnormally high interest rates and cautions that further hikes could trigger more inflation.
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Newspaper
Pasadena Star News
Location
Pasadena, California, United States of America
Date
Jun 02, 1977
Page
3
Budget Director Bert Lance, a former Georgia banker, says the country does not do well with abnormally high interest rates and cautions that further hikes could trigger more inflation.
President Carter enjoys broad public support making override votes unlikely, House Speaker O’Neill says. He notes Carter may veto farm, public works, and HEW bills. Congress has not acted on these. Lance criticizes rising long term rates as inflationary and warns of effects on housing and growth.
Los Angeles Municipal Court Judge Gilbert Alston 46 of Altadena was named to the Pasadena Municipal Court Bench by Gov. Edmund Brown Jr. He becomes the first black judge on the Pasadena bench and will succeed Judge Warren Ettinger, reflecting Brown's policy of local-areas appointments.
The column provides guidance on business licensing and seller permits for exporting lamps, including location options and SCORE resources. It also lists historical figures’ heights and weights and notes the reader appreciation for prompt responses.
NBC spokesman says the national television awards will be held in Pasadena at the Conference Center on September 11 after the Hollywood Chapter split from the National Academy of Television Arts and Sciences. The Hollywood Academy plans a separate ceremony with a new statue and a televised event followed by a black tie dinner dance.
Los Angeles County Supervisor Kenneth Hahn and Baxter Ward prepare to question Sirhan Sirhan at Soledad Prison about the June 5 1968 assassination of Senator Robert Kennedy. Hahn says Sirhan may have info to reveal but may also stay silent.
Billy Joe Mellvain a retired San Gabriel police officer was released on a 25000 dollar bond after being charged with kidnapping and murder in the Feb death of 18 year old David Dominguez He had claimed self defense autopsy showed six gunshot wounds from a .357 and a shotgun The note also corrects a typographical error about Pasadena Unified School District graduation date stating ceremonies are June 16 at Rose Bowl at 6 30 p m
A Florida man Howard Lee McDowell 27 of Miami holed up in a Los Angeles Airport Marina Hotel bathroom with his girlfriend hostage for more than 28 hours. Police used tear gas to force his surrender and a SWAT officer shot him as he turned the head with a gun near the hostage. Janet Meyers was taken for questioning and treated for blood splatter.
Los Angeles voters elected busing opponents in two of three school board runoff races. Bobbi Fiedler defeated Robert Docter 55.1 to 44.9 in one contest, while Richard Ferraro won 173,287 to 160,631 over Rita Walters. Incumbent Howard Miller edged Daniel Danko 180,524 to 135,341.
White House and lawmakers clashed over energy policy with President Carter defending his plan against opponents who claim misinformation. Carter proposed a new consumer protection agency with a $10.4 million annual budget and 180 staff, while urging Congress to keep energy conservation measures strong.
The Republican party plans nationwide TV appeals claiming the United States can produce ample energy if the government offers greater incentives. The program contrasts with President Carter energy experts and was previewed for reporters.
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