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Newspaper
Pecos Enterprise
Location
Pecos, Texas, United States of America
Date
Jan 17, 1975
Page
3
Sen Lloyd Bentsen shows 627392 in last four months of 1974 and 1 054804 for the year with 651358 on hand and about 380000 spent, opening potential for a 1976 bid. Other national items cover Vietnam fighting near Saigon aviation deaths and court rulings on drugs and finance.
Washington authorities dispute the depth of the recession after a sharp GNP decline signals the worst downturn since the Great Depression. Officials backing a $16 billion tax cut say evidence is not yet conclusive of a deep recession.
In Denver AP report, the Oil, Chemical and Atomic Workers Union says four major refiners Mobil Standard of Ohio Union and Ashland lack contracts and may lose competitive positions. The union cites 26 percent wage gains at Texaco Amoco and Gulf, with Mobil seeking 32 percent. Other economic notes follow.
Rep. F Edward Hebert of Louisiana, ousted as chairman of the House Armed Services Committee by a Democratic revolt against seniority, vows an unprecedented floor fight to retain the post. Hebert blames defeat on a propaganda show by Common Cause and says he will push his case to the full House.
The Social Security Advisory Council is edging toward higher payroll taxes to fund solvency. The plan would raise the wage base to 24000 from 14100 and lift the tax rate by 0.1 percent for both employees and employers. It aims to stabilize benefits by tying them to wages, widen eligibility for crusted beneficiaries, and let retirees earn more without losing benefits.
Former CIA chief Helms testified that the CIA analyzed radical groups in the 1960s at the presidents request to study foreign influence on domestic disturbances. He rejected reports of massive spying as irresponsible and ruinous and said he was not involved in any action beyond the CIA charter. The hearing, closed to the public, also covered William Colby and a prepared statement was released to the press.
Public service jobs recall the WPA era as a model for current federal efforts to create jobs. The WPA spent 11 billion dollars from 1935 to 1943, aiding 8.5 million Americans, with localities funding at least 25 percent. The CETA plan aims for 1.8 billion to fund about 300,000 jobs, emphasizing service roles for clerks sanitation workers teachers aides and other semi skilled positions. An Associated Press sample notes 14 million unemployed in 1933 and 6.5 million in December 1974.
Former Oklahoma governor David Hall and two Texas men face six counts in a federal indictment alleging they sought a $50 000 bribe to influence a $10 million pension fund investment. Hall predicted vindication and said enemies will be exposed as he appeared on bond and left court after posting 2500 dollars.
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