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Newspaper
Pecos Enterprise
Location
Pecos, Texas, United States of America
Date
Aug 06, 1971
Page
3
Washington AP notes July labor data show employment up by 1.2 million to 80.6 million as more job seekers enter the labor force. Unemployment falls by 160,000 to 5,330,000 but the rate rises from 5.6 to 5.8 percent of the workforce.
The FCC outlines rules for an expanding cable industry including access to over-the-air signals free government and educational channels, and two way links to computers. A congressman urges NBC Today probe after Edwin Newman cut off comedian George Jessel over Pravda remark.
Washington AP reports Johnnie M. Walters vows to replace the harsh IRS image with urgency and sensitivity toward taxpayers. He stresses avoiding sensational cases and avoiding tunnel blindness in enforcing tax laws as he prepares to be sworn in as IRS commissioner. The piece also notes Congress plans a month-long recess, with Senate and House actions on funding measures and an extension bill facing a potential filibuster.
In Washington, House members consider formal aging issues after Rep. David Pryor promotes a volunteer age program. Pryor says the effort may resume after his student volunteers return to college, but he was denied a formal committee and barred from trailers on government grounds.
President Luis Echeverria visited Lazaro Cardenas Michoacan to announce the Lazaro Cardenas Las Truchas iron and steel complex. The project on the River Balsas will cost 6,200 million pesos about 496 million dollars and start with 1.5 million tons annual capacity, roughly matching Mexico's Altos Hornos output in 1970.
Typhoon Olive battered western Japan and eastern Korea with 70 mph winds and heavy rain. At least 63 people died, 24 were missing, and 189 were injured as Boy Scouts were moved from the jamboree site near Mount Fuji. The Japan Meteorological Agency lowered Olive to a tropical storm as it moved north over the Sea of Japan.
The AP reports the 1972 draft lottery assigned 1952 birth dates to 366 numbers in Washington. Most likely calls will fall for ranks up to 100 with lower chances for 200s and 300s, while 100s remain uncertain. The process took two hours, shorter than last year, with interns assisting at Selective Service.
In Saigon reports a Viet Cong mine attack on a U.S. armored vehicle and a separate blast crippling a South Vietnamese bus killed four American servicemen and wounded others. The incidents occurred during renewed offensives near major urban centers.
William McChesney Martin Jr proposes unifying the NYSE American and regional exchanges into a single national market, with a restructured board and a paid chairman. He urges antitrust exemptions and stricter limits on institutional membership while planning for a jointly designed national exchange under ongoing SEC oversight.
The steel industry cuts tens of thousands of jobs after a short strike lull. In the Pittsburgh area alone about 47 000 workers are laid off or idled with plant shut downs across Gary Ind Chicago and Baltimore. U S Steel recalls 19 000 of 38 000 in Chicago area as demand guides production. Bethlehem Armco and Inland Republic drill further layoffs in several plants.
U S peace envoy Joseph Sisco left Tel Aviv believing an interim Suez Canal agreement remains possible despite no decisive breakthrough. He met with Moshe Dayan Abba Eban and others, urged a 20 to 30 mile pullback and acceptance of a small Egyptian force on the East Bank to ease tensions.
Apollo 15 crew David Scott James Irwin and Alfred Worden prepare to photograph an Earth eclipse from Endeavour as they near splashdown off Hawaii. Worden performs a deep space walk and reports include lunar rocks Hadley Rille and Apennine Mountains, while Worden and Irwin assist.
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