Social Security default eyed by lawmakers
Congress vows not to let the government default on Social Security payments as the fund for deficits could run dry by 1981. In New York, a biography quotes Dorothy Schiff on her past with Franklin D. Roosevelt. Saudi Arabia opposes price hikes while OPEC eyes a rise of 5 to 10 percent. Beiruti clashes intensify around the port and Fattal building. UN forces in the Golan Heights will be extended for six months without conditions.
MENTIONED IN THIS ARTICLE
Washington
Congress
House
Senate Economic Committee
James B. Cardwell
New York
Franklin D. Roosevelt
Dorothy Schiff
Coward, McCann & Geoghegan
Bali
Indonesia
Saudi Arabia
Ahmed Zaki Yamani
Organization of Petroleum Exporting
Damascus
Kurt Waldheim
Hafez Assad
United Nations
Golan Heights
van Buren
Appeals judge and firms accused of SEC violations
The SEC accuses 12 individuals and nine firms in a Houston based securities case over about 37 million dollars in oil and gas leasehold interests since 1968. Among defendants is Associate Justice Edward D. Coulson and Houston National Bank with Petrofunds Inc. The complaint seeks injunction and receiver appointment while Coulson denies the charges and claims unpaid legal fees.
MENTIONED IN THIS ARTICLE
NEW York
Houston
Houston Bank
Securities and Exchange Commission
SEC
U.S. District Court
Edward D. Coulson
14Th Court of Civil Appeals
Houston National Bank and Petrofunds, Inc
Coulson
Bank and Petrofunds
J.A. McRae
Appeallate Court
Petrofunds, Inc
Utility decision put off for three weeks in Texas
A Texas House natural gas subcommittee postponed recommendations to cut utility bills for three weeks. No vote by the June 1 deadline, with two new subcommittees to report by June 15. Chair Tom Uher seeks pricing mechanisms instead of wellhead regulation, to avoid a major clash. A seven member panel will study a moratorium on natural gas increases.
MENTIONED IN THIS ARTICLE
Austin
Tex
House
Texas
Frank Stubbs
Bill Clayton
Tom Uher
Uher
D-Bay City
Ed Mayes
D-Granbury
Ford and Reagan vie for delegates after upsets in several states
President Ford weighs continuing campaign versus staying in Washington after the last primary on June 8 as Reagan presses a California drive with a law and order message. Udall seeks to limit Church in Ohio to boost delegates. Church rejects. Ford leads with 777 committed delegates to 644 for Reagan, 140 uncommitted. 1,130 needed. Ford won Oregon, Tennessee, Kentucky. Reagan won Nevada, Idaho, Arkansas.
MENTIONED IN THIS ARTICLE
Associated Press
Ford
Washington
GOP
Ronald Reagan
California
Morris K. Udall
Frank Church
Ohio
Udall
Georgia
Jimmy Carter
Church
New Jersey
Stewart Spencer
Rhode Island
South Dakota
Montana
Reagan
Oregon
Tennessee
Kentucky
Nevada
Idaho
Arkansas
Evidence Gathered Of Elizabeth Ray Office Work For Hays
Supporters of Rep. Wayne Hays collect samples to show Elizabeth Ray performed clerical duties during her time as a House staffer earning a $14,000 salary. Ray and Hays dispute payment terms while a federal grand jury in Washington examines her position with the committee.
MENTIONED IN THIS ARTICLE
Betty Lou Marshall
Asheville
N.C
Miss Marshall
Elizabeth Ray
Wayne Hays
D-Ohio
Betty Anne Williams
Associated Press
Washington
Rep
Wayne L. Hays
Miss Ray
House Administration Committee
Hays
Ohio Democrat
Washington Post
Federal Grand Jury
Hays Committee
Briscoe backs cost of living rise for Texas teachers and workers
Gov. Dolph Briscoe plans a 6.8 percent annual raise for state employees and teachers to match rising living costs for the 1977-79 period, aiming to avoid new taxes. Estimated biennial price tag about 45 million, with starting teacher salary rising from 8000 to 8544 in 1977. The Texas State Teachers Association seeks 12000 to 14000 minimum salaries.
MENTIONED IN THIS ARTICLE
Austin
Tex
Dolph Briscoe
Texas
Briscoe
Ken Clapp
England
Clapp
Dickie Travis
Texas State Teachers Association
Presidents Attend NCAA Seminar In Sharp Rise
In Lubbock Texas Walter Byers executive director of the NCAA notes a surge of college presidents at recent conventions. He cites two factors money and inflation as the keys to the increased attendance with as many as 90 to 100 presidents present. The trend matters to coaches and athletic directors beyond bidirectional interest.
MENTIONED IN THIS ARTICLE
Lubbock
Collegiate Athletic Association
Byers
Also Mentioned on This Page
Roosevelt
Beirut
Lebanon
Fattal
Politics Roundup
Mae
Byne
RIVE
NCAA
Community Public Service Company
Folks At
Your Electric Light & Power Company
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