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Newspaper
Pecos Enterprise
Location
Pecos, Texas, United States of America
Date
Oct 04, 1976
Page
3
Black Nationalist Joshua Nkomo announced that African presidents have drafted a fresh set of proposals aimed at moving Rhodesia to black majority rule, superseding Kissinger’s plan and the Rhodesian prime minister’s reluctant agreement.
Rescuers dug through mud as Hurricane Liza devastation spread across Baja California Sur. Officials reported 400 to 750 confirmed dead with hundreds missing and 70,000 left homeless. Mexican troops buried bodies in mass graves or burned them to avert epidemics while aid pours in with meals and temporary housing.
President Ford signs a broad tax bill extending existing cuts through 1977 and enacting hundreds of changes. It lowers some taxes for airlines, railroads, shipping and insurers while raises others for wealthy individuals, expands child care write offs, tightens home and vacation property deductions, and replaces the retirement credit with a simpler approach.
The Labor Department reports average private workers supporting a four person family now face a 23.4 percent higher federal tax and Social Security bite than a year ago. Inflation at 5.6 percent, rising transportation costs and taxes erode take home pay despite a 6.6 percent wage rise. State taxes and sales tax are included in the inflation measure. President Ford and Jimmy Carter discuss possible tax relief while Congress considers another stimulative tax cut.
James H. Rubin reports the Butz racial slur controversy heats as Carter allies press Ford to act. Butz may quit if asked to leave, while Ford aides defend the president and face mounting demands for removal amid calls the remarks were disgraceful and damaging to Ford’s campaign.
World Bank President Robert S. McNamara urged a global compact to wipe out poverty by century's end at the World Bank IMF meetings in Manila. He criticized the lack of agreement on aid levels and urged richer nations to cut trade barriers to aid middle income developing countries. Philippine President Marcos urged IMF reforms and announced ratification of amendments to improve the fund and reduce gold’s role in the economy. IMF chief cited a recovering world economy after a deep recession.
The Supreme Court starts its term with an unusually dense opening two weeks, hearing 23 states urging a Miranda rule overrule and reviewing cases on sex race and religious discrimination in housing employment and beer sales. The term aims to avoid piling major decisions at term end.
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