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Newspaper
Pecos Enterprise
Location
Pecos, Texas, United States of America
Date
Dec 28, 1971
Page
3
About 1,000 West German officers hunted today for three Cologne robbers who freed hostages unharmed and fled on foot into a forest near the French border. They carried roughly $97,000 in a black case and left two bank employees.
Mexico moves to reform federal income tax on corporate personal and interest income as President Echeverria seeks to spread wealth while keeping foreign investor confidence. Senate and House approvals accompany new incentives and a 10 percent flat rate for foreign bank interest upon registration, with higher rates for nonregistration.
bipartisan push would create a three member Victims of Crime Act board to compensate innocent victims or survivors with up to 50000 for medical bills lost earnings and moral damages. federal aid would cover 75 percent of state program costs and extend to police fire and prison guard deaths. sponsors include McClellan Mansfield Scott Eastland Hruska with administration tentative support.
SCORE efforts show retired executives guiding 118 seniors into part time work in Chattanooga and 500 small businesses in Cincinnati on taxes, purchasing, sales, production and personnel. The program now has 5,000 volunteers in almost 300 chapters under Nixon actions, linking aging expertise to small business needs.
Police say eight people were arrested on negligent homicide and related charges after a Christmas Day hotel fire in Seoul that killed 157, including 13 foreigners. Among those held are Im Yong san, 50, hotel president, three city officials, a chief cook, and the hotel’s general manager Song Yung chan. The blaze reportedly began when a propane gas burner exploded in the second floor coffee shop.
IRS agents will check large retailers next week for compliance with posting freeze period price ceilings from the 90 day wage price freeze. Enforcement targets stores with annual sales over 100000, where only top selling items must be posted, except all food prices must be shown. If price increases exceed 2.5 percent, consumers should ask for the new ceiling price.
Washington Senator John G. Tower says his re election may ride on Nixon's fate next year but a Nixon loss would not doom Tower. He notes past year disagreements with Nixon on China policy busing and energy and says the economy and inflation will shape the 1972 vote with potential Texas voter support for his own positions.
The hijacker of an Air Canada DC9 who diverted the flight to Havana gave the six crew members a forwarding address to contact Hijacker House in Havana. Stewardess Ruth-Anne Snell said the plane landed safely in Toronto after the 850 mile Thunder Bay to Havana flight with 83 passengers. The hijacker carried a passport under Patrick Critton, 24, of New York City, and spoke calmly during the 50 minute refueling in Toronto before continuing to Havana.
Dr Franz Pick, Austrian born currency expert, calls the Washington money agreement a fraudulent move masking a currency crisis. He notes Eurodollars around 73 billion, far above estimates, and warns the short term fix may harm nations that overvalued. He urges caution as economies face potential breakdowns in currency markets.
New York based voice specialist Allen Swift rarely travels. When an out of town sponsor seeks him for a commercial he auditions over the telephone. Many of his commercials are taped and mailed to the client.
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