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Newspaper
Pecos Enterprise
Location
Pecos, Texas, United States of America
Date
Mar 07, 1975
Page
4
Washington AP report shows February payrolls fell by 540000 while unemployment stayed at 8.2 percent, due to 580000 people leaving the labor force. Government statistics indicate net job loss occurred though the rate remained unchanged from January.
OPEC considers linking oil prices to import costs as a bargaining chip for later talks with consuming nations in Paris. Analysts warn such indexing could push prices higher and may be hard to agree on a universal index, while production remains near limits and demand sensitivity grows.
An advisory council urged Congress to inject 7 billion in general tax revenues into Social Security next year, to free payroll contributions for the Medicare hospital fund as retirees rise to over 30 million in 1976. Some members favored higher payroll taxes instead.
The Agriculture Department will implement a revised beef grading system, expanding Choice to about 90 percent of graded beef and requiring yield grading. Consumers warn of higher prices as graders work longer, while industry groups note cost increases. The plan follows the Sept. 11 proposal and drew comments from nearly 5,000 individuals and organizations.
Melissa Smith Criselda Carrasco Cristina Arredon and Ranza Martin perform a twirling act at Pecos Elementary School Talent Show staged Thursday night. Other acts include Debbie Kirby reading Tammy Smith poem and Vita Guebara Lori Bafidis and Patricia Aguilar singing for Texas Public School Week with 40 acts in total.
GOP Chairman Lary Louise Smith warned the party is in serious trouble as a poll shows only 18 percent of Americans identify as Republicans. She urged unity at a two day Republican leadership conference led by Ford Rockefeller and Reagan. The 34 page briefing cites declining GOP strength, with 42 percent Democrats and 40 percent independents. Rural residents, housewives, seniors, and higher income groups show relative GOP support.
Dallas resident Paul Edward Johnson known as Black Jesus was found guilty by a federal court jury of interstate transportation of a stolen automobile linked to Vigil Burney, LTV Corp. executive whose decomposed body was found near Dallas. Johnson faces sentencing after a probation background review.
Former Oklahoma Governor David Hall tells jurors he is the victim of a vast frameup involving federal and state officials. He denies a bribe and extortion while accusing John Rogers and others of false testimony as cross examination unfolds in his bribery extortion trial.
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