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Newspaper
Pecos Enterprise
Location
Pecos, Texas, United States of America
Date
Aug 27, 1975
Page
10
NEA studies warn shortages of industrial chemicals plastics energy steel and other materials could extend unemployment and slow growth. Washington shows lethargy with only Burns from the Fed sounding alarm while government and business lag in investing and innovating.
An editorial argues the canning lid shortage is largely artificial, likening it to a copper penny hoarding pattern. It notes demand from 18.6 million home canners in 1975, with projections near two billion lids, and cites official testimony that supply could meet needs if hoarding stops. The piece warns continued panic buying may exhaust even ample stock.
Rising prices and shrinking purchasing power are reshaping American behavior and prompting business to rethink motives and strategies. Morgan Guaranty Trust notes high sales stakes across sectors as consumers spend less on luxury cues and more on efficiency. With median family income down in real terms, demand shifts to smaller cars, community colleges, and discretionary cuts. Americans learn to conserve while sustaining some consumption, forcing industries to adapt to smaller markets and new economic realities.
The French created modern postal systems in 1450 and launched air mail a century ago. A balloon carrying 500 pounds of mail rose from Paris on Sept 23 1870 during the Franco Prussian War, landing in the Prussian camp. Parisians then used pigeons delivering about 115000 messages to the surrounded city despite falcon interception attempts.
On this date in history several events are noted including 1945 American troops landing in Japan ending occupation, 55 B C Julius Caesar invasion of Britain, 1776 British victory on Long Island, 1859 first US oil well near Titusville, 1928 Kellogg Briand pact signed in Paris, 1939 Germany demand for Danzig, and a Johnson executive order on draft exemptions for married men. Birthdays include Walter Neller and Samuel Stratton. Thought by Ring Lardner. Washington letter about Cowardice at Bunker Hill referenced.
Proponents and opponents launch headquarters in Austin and Tyler as a voter guide with eight propositions goes to press. Key figures include former Chief Justice Robert Calvert, Rep. Ronald Earle, Sen. Peyton McKnight, House Speaker Bill Clayton and Lt. Gov. Bill Hobby. The issue of annual sessions and a heated campaign environment emerge. Carrillo impeachment trial rules set with live coverage discussed. Langdon warns of gas shortages and a harsh winter ahead while regulators and attorneys general issue opinions on spending, records access, and open government.
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