The God of Balanced Budgets Is Dead
A columnist warns that deficits loom as Ford proposes a large budget deficit amid inflation and recession concerns. Critics dispute a strict balanced budget stance, arguing government borrowing can stimulate growth while cautioning about long term inflation and erosion of purchasing power. The piece questions the limit of federal borrowing and the risks of ignoring tax and spending balance.
MENTIONED IN THIS ARTICLE
Arthur Okun
Council of Economic Advisors
Johnson
Ford
Walter F. Mondale
D-Minn
Gerald Ford
Democratic Congress
Arthur Okum
Editorial: Offshore bounds unreasonable and dangerous
The piece criticizes Ecuador 200 mile offshore claim as unfair yet argues it is a law to be challenged through international action. It notes tuna boats seized 130 miles offshore or 70 miles inside the boundary and calls for a US interim 200 mile limit while seeking UN backed uniform boundaries. It argues against unilateral force and urges a negotiated settlement with all nations.
MENTIONED IN THIS ARTICLE
Ecuador
Educadorian
United States
Senate
House
United Nations
What is the problem and how do we shed it
AP analysis notes the U S economy suffers from confusion over the main problems and how to solve them Inflation or recession debate continues among economists amid mixed signals from policy makers The automotive sector overproduced hoping for demand that did not return and price cuts may mask a long term downturn Public confidence wavers as officials contradict themselves and consumers feel misinformed Authorities acknowledge slow responses and a need for clearer policy.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
Federal Reserve
This Day in History March 5, 1975 Overview
On March 5 in history notable events include the Boston Massacre in 1770, Spanish possession of New Orleans in 1766, Bern occupation in 1798, Zachary Taylor's 1849 inauguration, and Stalin's death in 1953. Birthdays list Rex Harrison and Lorin Maazel, with a thought from Catullus about silliness.
MENTIONED IN THIS ARTICLE
Associated Press
Boston
New Orleans
Bern
Switzerland
Zachary Taylor
U.S. Senate
Andrew Johnson
U.S
Rutherford Hayes
Josef Stalin
Moscow
United States
Soviet Union
Washington
Sol Hurok
New York
Rex Harrison
Lorin Maazel
Replicas of popular weapons fuel LA burglaries
Security World notes exact replica firearms sold as collectibles are used in Los Angeles burglaries. Since replicas cannot fire, they dodge gun control law, leaving authorities limited. LAPD advises that using a fake gun in a holdup still constitutes armed robbery under the penal code.
MENTIONED IN THIS ARTICLE
Security World
Los Angeles
Pecos Yesterdays recap highlights local changes
Dick Hinkle recovers after four days of hiccoughs forcing hospital care. Hotel Brandon sale announced by Dudley Yard with S F Hoines of Dallas as buyer, new management to take over March 1. Western Grain Co begins construction of a $50,000 grain elevator. Four candidates enter Pecos school board race. incumbents Norman Eisenwine Joe Bob Kelton Floyd Brownlee Jr. announce reelection. Mrs Joe Ann Jackson also enters the race.
MENTIONED IN THIS ARTICLE
Brandon
Pecos
Dudley Yard
S.F. Hoines
Dallas
Western Grain Co
Winston Bassett
Norman Eisenwine
Joe Bob Kelton
Floyd Brownlee Jr
Joe Ann Jackson
Middle East tension grows as Kissinger tours region
Congress member Richard C. White warns that in two months the Mideast could erupt into a dangerous conflict as peace talks hinge on Geneva and UN peacekeepers. He cites Kissinger’s diplomacy, Arab leaders’ hopes for U.S. mediation, and Soviet pressures shaping the strategic chessboard amid Rabin Faisal Sadat and PLO debate.
MENTIONED IN THIS ARTICLE
Dr. Kissinger
Mid East
Mideast
United Nations
Special House Armed Services Committee
Egypt
Israel
Saudi Arabia
Iran
Geneva
Russia
Syria
USA
United States
Hitler
Europe
South Vietnam
Korea
Suez
Aswan
Sinai
Nixon
Cairo
Palestine Liberation Organization
PLO
Palestine
West Bank
Jordan
Faisal
Arafat
Rabat
Also Mentioned on This Page
Don Oakley
Pecos Enterprise
Texas Press Association
Stephen Bates
Ater
Dick Hinkle
Cong
Richard C. White
By Roger Bollen
NO. Junior
Rompus
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