30 Aug 1977
Page 1
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Newspaper
Playground Daily News
Location
Fort Walton Beach, Florida, United States of America
Date
Aug 30, 1977
Page
1
The Federal Reserve raised the discount rate, with officials saying the move signals tighter credit conditions. The action, effective Tuesday, aims to temper borrowing costs and curb inflationary pressures as markets adjust to higher rates.
Edward Weeks farms in North Carolina and markets giant watermelons and seeds. His 197‑pound fruit earned a Guinness record, while his seed business spans 10 stores and orders nationwide. Weeks touts seed genetics, custom fertilizer, and bee pollination for ever larger yields.
A proposal titled Southern Showcase aims to boost regional industry and tourism by hosting three day events in Nasherstey. Leaders from several states seek industrial and cultural exhibitions to display resources and attract funding from corporations and patrons.
Florida Attorney General Robert Shevin plans to petition the full Fourth Circuit Court of Appeals in New Orleans to overturn a ruling that declared the state’s money bail system unconstitutional. The three judge panel said the system discriminates against the indigent and was based on an older model.
Deputy Agriculture Secretary John White announced a 20 percent wheat acreage cut for 1978, aiming to curb surpluses and protect hard hit farmers. The plan includes shifts in corn and grain reserves, potential boosts to crop loan rates, and expects no immediate rise in consumer food prices.
Ugandan suspects including top civil servants pleaded guilty before a military tribunal in Nairobi to plans to overthrow Idi Amin. Proceedings said to precede sentencing. trial followed earlier upheaval tied to the 1971 coup and the Anglican archbishop’s death.
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