GM will not cut prices to lift car sales in 1975
In a busy AP report, GM President Elliott Estes says there are no plans to lower prices or offer rebates as domestic car sales in the first 10 days of 1975 show the worst start in over two decades.
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Newspaper
Pecos Enterprise
Location
Pecos, Texas, United States of America
Date
Jan 15, 1975
Page
3
In a busy AP report, GM President Elliott Estes says there are no plans to lower prices or offer rebates as domestic car sales in the first 10 days of 1975 show the worst start in over two decades.
Secretary of State Kissinger said the Soviet Union rejected a trading relationship tied to U S legislation and will not relax restrictions on Russian Jewish emigration. The Pentagon disclosed Soviet missiles are being installed with multiple warheads, under the terms of the arms pact, amid U S concerns. Rabbi Israel Miller urged continued pressure for greater emigration rights as human rights issues cross borders.
A former Southwestern Bell division manager in Austin says payments from babysitting for the boss’s granddaughter to retiring a politician’s $20,000 phone bill were regularly obscured in financial reports. The tape with ex-Bell executive James H. Ashley is part of an antitrust suit involving San Antonio Telephone Co. and Southwestern Bell, and SEC officials are probing related allegations that could affect Bell’s SEC filings.
Intelligence chief William E Colby is set to appear before congressional committees probing alleged CIA domestic spying. Senate subcommittee leaders say the inquiry will assess CIA use of appropriated funds rather than a full in depth review. Colby and former director Richard M Helms will be questioned in a closed session. A cabbage seed fact notes one ounce yields at least 2,000 plants.
Senators Dick Clark and Carl Curtis call for an immediate federal investigation into American Beef Processing Inc. after its Chapter 11 bankruptcy filing. They warn thousands of cattle feeders face potential financial ruin as 4,000 workers are left idle. CSA and SEC review is urged to determine causes and prevent future crises.
Newly elected Speaker Bill Clayton, 46, from Spring Lake, defeats Carl Parker 112 to 33 to lead the Texas House. He rejects a return to “iron-hand rule,” says decisions won’t be behind closed doors, and pledges to guard the $1 billion treasury surplus.
Mrs Nelson Rockefeller tours the 82 year old Embassy Row mansion with reporters as her husband, the new vice president, presides over the opening session. She plans to move to Washington and into the observatory hill residence before summer. The home features a basement barber shop and a wine cellar as part of a nine steward staff.
Oklahoma City AP The federal grand jury inquiry into former Gov David Hall resumes with a new turn tied to FBI arrests of Texas men on bribery charges aimed at Oklahoma Secretary of State John Rogers. The complaint alleges offers totaling 31 250 to sway a state retirement fund board vote. The panel may examine other officials’ ties to the scheme.
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