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Newspaper
Pecos Enterprise
Location
Pecos, Texas, United States of America
Date
Feb 05, 1975
Page
3
Reports say Aristotle Onassis 69 is gravely ill with myasthenia and influenza. Jacqueline Kennedy Onassis and a heart specialist were flown from New York to be with him in Glyphada Athens. Greece radio noted he had been confined to his villa bed since Friday.
U.S. auto makers posted a mid and late January rise in sales due to $200 to $600 rebates, but total January deliveries still project a 14-year low. Estimates show 457,000 cars sold, down 17 percent from January 1974, with Ford results awaited. Analysts say rebates cut losses to clear inventories, yet industry remains in its worst slump since World War II.
Washington AP The IRS says some taxpayers expect the proposed 12 percent rebate now though law is not set. Early filers miscalculate refunds, yielding letters of tax due or smaller refunds. Despite brisk early returns, IRS sticks to eight week refunds as deadline nears.
Nearly 10,000 auto workers, many unemployed, rally in Washington to urge government action beyond President Ford's approach. UAW leader Leonard Woodcock presses for deep tax cuts for low and middle income earners, a large public service jobs program, health coverage, unemployment protection, and energy conservation. Dem leaders invited to speak as industry layoffs mount and labor unions plot further action if no relief comes.
Penn Central officials warned of potential shutdowns late this month without more federal aid. Trustee Robert W. Blanchette said an embargo could begin around February 18 with complete cessation by February 25, as Ford administration estimates rose to salvage funds for 10 railroads.
An economist from the Texas Agricultural Experiment Station who spent time abroad labels the world meat situation shaky. He notes a boom bust cycle in meat and poultry markets causing unpredictable demand and supply with sharp swings in consumer demand affecting producers.
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