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Newspaper
Pecos Enterprise
Location
Pecos, Texas, United States of America
Date
Dec 02, 1975
Page
10
Don Oakley critiques real life intelligence misconduct and CIA plots against foreign leaders, contrasting them with Mission: Impossible fiction. He urges accountability for government wrongdoing, praises Senate work, questions lines of decency, and cites the perils of sanctioning immoral means for noble ends.
Boston University president John R. Silber testifies before a Senate subcommittee, arguing federally guaranteed loans have created $385 million in defaults and risk trapping students in poverty. He proposes a Tuition Equalization Program to add need based grants for independent schools and restrict loans to those able to repay.
AP Business Analyst John Cunniff notes that rising prices directly curb spending, challenging theories and models. He argues two thirds of the economy comes from consumer activity and questions why prices climb when demand lags. He cites October inflation at 8.4 percent and discusses worker ownership of capital via pension and profit sharing as a major shift in American capitalism led by longshoremen and investors.
On this date in history events spanned from 1804 Napoleon crowning emperor to 1969 a Quebec home for the aged fire claimed 54 lives. Notable items include Monroe Doctrine 1823 and Enterprise nuclear powered air strikes in Vietnam 1969. Birthdays include Julie Harris and Maggie Smith.
The World Almanac recalls that amid American war pressures Parliament allowed impressment of any nonemployed men, enlisted Roman Catholics, and eased physical requirements to accept 16 year olds and 50 year olds as tall as five feet three inches.
Federal energy chief Frank Zarb weighs a bold move to fracture big oil firms amid concerns over their control of natural gas coal and other fuels. He sought data from FTC chair Lewis Engman and faces worry that fragmentation could raise costs. Simon hints at VP run while diplomats dodge debts and a federal worker fights political pressure.
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