Economic upturn hoped after record GNP drop in 1975
The Commerce Department reports a 10.4 percent annualized GNP drop in Q1 1975, the steepest on record, while economists predict a recovery later this year. A 8 percent inflation rate and a $35 billion inventory decline bolster hopes for growth in the second half, with Pate forecasting 4 to 6 percent growth. The Dow rises 3.75 points as markets shrug off the slump ahead of a Senate public works bill aimed at 900,000 jobs, likely vetoed by President Ford.
MENTIONED IN THIS ARTICLE
Commerce Department
James L. Pate
Pate
GNP
New York Stock Exchange
Senate Appropriations Committee
Ford
Congress
Cease fire holds amid Lebanon street war flare up
In Beirut a five day old clash between the Phalangist rightists and Palestinian guerrillas persists with sporadic gunfire and a shop blown up. Cease fire announced by Premier Rashid Solh on Wednesday holds poorly as security forces and militiamen patrol trouble spots. Official tallies cite at least 16 killed, including nine civilians, with hundreds wounded.
MENTIONED IN THIS ARTICLE
Beirut
Lebanon
Phalangist Party
Rashid Solh
Phalangist
Phalangists
Mideast
EPA finds organic chemicals in nearly all city water supplies
An EPA study of 80 cities finds organic chemicals in all but one water system, including Cincinnati and New Orleans. Russell Train of the EPA says the presence at low levels is a concern and supports enforcing safe drinking water plans. Chloroform detected in 79 locations, at concentrations from 0.1 to 311 parts per billion.
MENTIONED IN THIS ARTICLE
Washington
Environmental Protection Agency
EPA
Russell E. Train
Lawrence
Mass
Seattle
Wash
Congress
Ford
Cincinnati
Ohio
New Orleans
Train
WWII veteran defies abduction after harboring interracial couple
Leonard J. Harvard, 55, a Lake Wales resident and former military policeman, was abducted and beaten by hooded men who warned him to leave town or face death for hosting a mixed-race couple. FBI probing possible kidnapping and civil rights charges. The attackers wore hoods resembling Ku Klux Klan garb. no suspects identified. Marion and James Ingram, the couple he sheltered, left town to avoid further trouble.
MENTIONED IN THIS ARTICLE
Lake Wales
Fla
Harvard
Florida
FBI
Rogers
James Ingram
Marion
Bonnet Carre Spillway closure to curb fast river fall
The Army Corps began closing the Bonnet Carre Spillway to slow the Mississippi as flood stages drop too fast. Seventeen bays of the 350 20‑foot-wide units were shut Thursday with more to follow as needed. Officials note bankfull is 11 feet on the New Orleans gauge while flooding remains in tributaries.
MENTIONED IN THIS ARTICLE
New Orleans
Army Corps of Engineers
Bonnet Carre
Mississippi River
Riverside
Long
Mississippi
Lake Pontchartrain
Edwin Edwards
Marksville
Avoyelies Parish
Harry Lemoine
Jonesville
FHA official speaks at local realty meet
A representative of the Federal Housing Administration and a Corpus Christi firm spoke at the Port Lavaca Calhoun County Board of Realtors loaned insight on how the FHA handles Department of Defense property dispositions. The Corps of Engineers appraises and pays 90 to 95 percent of value, then property moves to FHA to sell at current market values. Landy urged brokers to join the FHA program for profits and noted about 21 properties may be repossessed in Port Lavaca due to Matagorda Air Base closure. Dennis Berry discussed IRS tax credits for new home buyers and veteran mortgage reinstatement rules. Walter Payne was elected delegate and Richard Neyland alternate to the Texas Realtors convention in El Paso June 11-14. four members will attend.
MENTIONED IN THIS ARTICLE
Mortagages
Dennis Berry
Lomas & Nettleton Co
Corpus Christi
Rosalie Wrigge
Berry
Port Lavaca
Calhoun County Board of Realtors
Avery Landy
Federal Housing Administration
Lomas Nettleton Co
Port Lavaca - Calhoun County
FHA
Matagorda Air Base
Landy
Internal Revenue Service
Walter Payne
of Realtors
el Paso
Richard Q. Neyland
Wife hunt begins in Oxford ad seeks new wife
Wayne Bennett a 41 year old widower in Oxford Michigan has received 162 responses to his personal advertisement seeking a new wife. The big question is whom he will choose from the letters and hopes to marry soon.
MENTIONED IN THIS ARTICLE
Oxford, Mich
Wayne Bennett
Bennett
Oxford Leader
Hansen Sentenced In Campaign Violations Case
U S Congressman George V Hansen of Idaho was sentenced to two months in federal prison for two campaign finance misdemeanors. Judge George Hart ordered one year probation with confinement to begin May 2 at Allenwood Federal Prison Camp. The charges stemmed from reporting lapses for the 1974 Idaho primary.
MENTIONED IN THIS ARTICLE
Washington
George V. Hansen
Idaho
U.S
George Hart
Hart
Hansen
Allenwood
Justic Department
Calhoun High School next week packed with activities
Calhoun High and Crockett Junior High plan a busy week of events including a blood bank, varsity baseball hosting Bay City, a regional industrial arts fair in Victoria, a Jayvee baseball game, Spirit Week activities at Crockett, a speech play at Travis, intramural volleyball, senior day assemblies, and a student-faculty basketball game. The calendar also notes a regional track meet at Corpus Christi and a trip to Aransas Wildlife Refuge.
MENTIONED IN THIS ARTICLE
County Blood Bank
Calhoun High School
Crockett Junior High
Calhoun High
Calhoun County Educational Secretary Association
Key Club
Victoria
Crockett and
Travis
Calhoun
Jayvee
Aransas Wildlife Refuge
Corpus Christi
Stingarees
Crockett
One Killed and One Injured in Plane Crash Near New Braunfels
A single engine plane crashed and burned near New Braunfels Texas killing Lee Hodges 27 of Wimberly and critically injuring Don Humphreys 41 of Dallas who was hospitalized in San Antonio authorities said.
MENTIONED IN THIS ARTICLE
New Braunfels
Tex
Lee Hodges
Wimberly
Don Humphreys
Dallas
San Antonio
Also Mentioned on This Page
Arthur M. Okun
Brookings Institution
Okun
Nile Delta
Cairo
al Akhbar
United Nations Security Council
U.N
Sinai Peninsula
China
Iraq
Middle East
Yitzhak Rabin
Jerusalem
Maariv
Israel
Defense
Shimon Peres
Henry Kissinger
Leonard J. Harvard
Germany
John Paul Rogers
Lake
Wales
Grand Dragon
The
United Klans of America
Veteran's Administration
Wife Hunt
Marie
Sue
Bowman Real Estate
Windberg
Main
Dairy Queen
Am 0.Q.corp
Texas Dairy Queen Trade
Dairy Lott Tei
Atic
Chhend Country Club
Bay City Black Cats
Travis Auditorium
A.m
W. Main
Blasingim's Bargain Center
Jean Smith
Sam Garcia
Dial