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Newspaper
Pecos Enterprise
Location
Pecos, Texas, United States of America
Date
Oct 02, 1973
Page
8
Washington dispatch notes how affluence fuels reckless progress, pollution, and fragile peace. It warns that affluence brings vanishing resources, power shortages, and societal atomization as nations and people drift into polarized, ineffective divides seeking a new common course.
Former U S labor secretary and Labor Law Journal author Peter J Brennan argues strikes are now a last resort after negotiation and conciliation. He notes lower strike time in early year, rising focus on job security and benefits, and growing affluence narrowing labor management gaps.
The piece surveys foreign investment in U.S. firms, noting benefits like cash for sellers,brokerage fees, and potential job gains, while skeptics warn of risks to national interests. Bankers argue the flow is tiny relative to U.S. industry value and could be managed with safeguards. It concludes with a note on Interstate 80 as the nation’s longest highway.
The severe tightening of credit threatens thousands of small firms and broader production needed to meet consumer demand and curb inflation. The squeeze, pushed by Nixon advisers, risks new inflationary pressure, hurting young high tech startups and even sound larger firms, delaying food, meat and consumer output, and delaying new products essential for balance of payments.更多 working capital shortages hinder wages, materials, and overhead until customers pay.
The National Park Service urges Congress to permit ending costly erosion control along national seashores. Deputy director Joe Rumberg argues preventive and remedial measures costing millions are ineffective, comparing the stance to the legendary King Canute.
AP report highlights predictions that meat protein scarcity will push most people toward vegetarian diets within a century. Dr. James Bonner of California praises a future diet built on soy and lab-grown foods as nutritious and attractive.
On this date in history events include Woodrow Wilson's 1919 stroke paralyzing his left side, Maj. John Andre’s 1786 execution for spying, Napoleon’s invasion scare in 1864, Gandhi’s birth in 1869, the 1889 Pan American Conference, WWII Moscow drive in 1941, Thurgood Marshall’s 1967 Supreme Court swearing in, and past political milestones. Birthdays note Groucho Marx age 78 and Rex Reed age 33. Thought for today by Victor Hugo.
Joseph Pulitzer Sr spoke on the press and democracy. He warned that a public spirited press with integrity can sustain republican government, while a cynical demagogic press will corrode virtue and power.
Ray Cromley surveys growing computer crime across universities banks and government. Young, bright insiders secretly undermine protective devices and justify actions as getting even. Crude surveys hint at widespread manipulation from phony bills to fake insurance policies, raising concerns about human values in a machine driven world.
Rumors swirl about Spiro Agnew possibly resigning or pleading. His lawyers argue he cannot be touched by law until impeached, a tactic seen as aimed at delaying action while President Nixon weighs options. Some see it as further embarrassment. others foresee a need for a nonpartisan replacement.
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