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Newspaper
Pecos Enterprise
Location
Pecos, Texas, United States of America
Date
Aug 28, 1973
Page
8
The press conference exposed gaps in the Watergate saga and raises a core issue how national security is defined. The piece argues that using national security to justify extralegal actions undermines constitutional government and calls for precise limits on executive power.
The piece cites Diocletian and a 1923 booklet to show governments repeatedly tried price and supply controls from ancient Egypt and Athens to Britain and colonial America, concluding such measures fail to secure welfare and inevitability reappear under modern drives.
Midwest Research Institute surveyed 1,300 firms and found about 20 percent responded. Some 75 percent planned acquisitions this year, with about one third involving foreign deals. Firms with foreign operations aim to expand, while 95 percent expect at least 15 percent ROI on overseas investments.
A landlord won a case against a tenant who damaged furnishings and fixtures claiming reasonable wear and tear. Courts accept normal deterioration from using a property and weathering not caused by tenant actions. The piece also explains lease clauses and provides ABA Texan context. Koto instrument trend observed in American music culture.
Ray Cromley reports from Washington that Japan's rising imports and inflation pressures may reverse the US unfavorable trade balance within a year. Wages rise, costs climb, and productivity lags as Japan faces inflation, pollution costs, and a shift to a five day work week.
On August 28 1973 notable events include Henry Hudson’s Delaware Bay discovery in 1609 and slavery ban in the British empire in 1833. Also Venice surrendered to Austria in 1849 and the Carnegie gift to The Hague’s Palace of Peace was dedicated in 1913.
Washington based report outlines President Nixon's shifting views on Watergate and his former counsel John Dean. It notes Dean's assurances contrasted with later testimony, and questions whether hearings grew from inquiry or pursuit of the President.
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