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Newspaper
Pecos Enterprise
Location
Pecos, Texas, United States of America
Date
Jul 30, 1975
Page
9
Washington insight on economic forecasts questions their reliability. Economists struggle with data consistency and measurement meaning across firms and years. They rely on evolving methods and assumptions, not proven science, making next year’s accuracy uncertain.
A satirical editorial list shows America’s troubles from rising gas prices to media vanity. It skewers Howard Cosell hosting a variety show, guesses at labor strikes, politics, and sports figures like Dick Allen, with jabs at public figures and a running tongue in cheek critique of national mood.
AP analyst notes that after a December rally the Dow faced a confusing outlook as interest rates and inflation move up. Banks and industries share the unease, with Chase Manhattan warning that while growth may resume, the pace and duration remain uncertain and inflation could curb a renewed recovery.
On this date in 1909 the U S government bought its first airplane a Wright biplane for 31000. Other items note 1919 James town Virginia assembly 1718 William Penn death 1863 Henry Ford birth 1916 Black Tom sabotage 1918 Joyce Kilmer death 1953 Chicago race riots 1963 Medicare bill signing 1975 Nixon tapes 1970s Middle East peace notes 1974 Nixon watergate tapes. Birthdays include Henry Moore aged 77. Thought for today quotes about borrowing.
A Folger Library note on pidgin Shakespeare cites Anthony delivering a funeral oration over Julius Caesar and saying Me kam tasol long plant in Kaesar meaning I come to plant Caesar, illustrating cross language rendering of famous lines.
Lt Gov Bill Hobby lauds 64th Legislature for passing House Bill 819 creating a state utility regulatory commission. The panel will regulate telephone electric and private water and sewer rates and services with phased in powers by Sept 1 1977. City utilities mostly exempt. appeals route to the commission or Railroad Commission. Governor Briscoe to appoint soon.
Cong Richard C White notes the rushed passage of the Northern Mariana Islands Commonwealth law. It gives self-government while the United States retains defense and foreign affairs, plus a 14 million dollar annual grant for seven years to raise living standards. A republican government will be formed with governor and legislature, and a new judicial system.
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