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Newspaper
Pecos Enterprise
Location
Pecos, Texas, United States of America
Date
Feb 26, 1975
Page
4
Ford administration signals price guarantees may be needed to shield costly new U.S. fuels from foreign oil competition. Officials say the president has not set levels, but a price band between seven and nine dollars per barrel is under consideration, higher than 1973 pre embargo prices but lower than current imported oil.
Washington AP Rep Wright Patman and Rep Frank Annunzio accuse the Fed of withholding consumer loan interest-rate data. Patman orders staff probe and may hold hearings. The dispute follows Consumer Reports disclosure of a list, under FOIA, amid charges of secrecy and calls for public access to rates.
House Democratic leaders doubt President Ford can win approval for an additional 52 million in Indochina military aid to Cambodia and Vietnam. Ford warned Cambodia could fall within weeks without it, with a House source estimating about 27 days. Senate leader Mansfield said he hopes no more aid passes, stressing the strategic debate. A compromise seeks to redirect existing economic aid to military use rather than approve Ford's 300 million request.
Amid rising unemployment, workers across industries volunteer to forgo raises or cut hours to keep jobs. In Georgia about 75 000 workers at 45 firms operate on a one week on next week off system or take unemployment pay. The Washington Star News Guild voted to a four day week for four days pay, preserving 100 jobs out of 560.
The House approved by 389 to 3 a budget bill amendment to shut down the F111 fighter production at General Dynamics Fort Worth plant. Ford warned deficits would rise. the plan ends by 1977, with the measure moving to the Senate for action.
The United States seeks a United Nations peacekeeping unit to enforce the next Sinai disengagement for the duration of the agreed terms. This plan aims to stabilize the region and monitor compliance by all parties under international supervision.
About 95,000 farmers are being asked this week to report anticipated plantings of corn, soybeans, and other crops for the 1975 harvest. The Agriculture Department views the survey as crucial to estimating national acreage and potential production.
Mayor Richard J. Daley crushed his first primary challenger in 20 years, defeating City Council member William Singer by more than 200,000 votes with 2,933 of 3,146 precincts reporting. Edward Hanrahan and Richard Newhouse trailed as Hoellen conceded the GOP race. Daley, 72, remains strongly positioned for a sixth term despite a divided machine and calls for reform.
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