Runaway Pension Costs Spark Debate On Government Obligation
The article examines unfunded civilian and military pension liabilities, with projections of rising costs as inflation and pay raises outpace funding. It highlights figures from 1973 through the late 1970s, noting unfunded liabilities reach hundreds of billions and could strain future budgets while stressing the complexity of pension policy decisions.
MENTIONED IN THIS ARTICLE
Washington
New York City
Board of Actuaries
Civil Service Retirement System
Civil Service
Ford's Tax Cut Veto Sustained by House
The House sustained President Ford's veto of a bill extending 1975 income tax cuts by 265 to 157 with two present. If the bill dies, most workers face higher taxes in January, about 3 to 4 dollars weekly. Debates centered on spending ceilings and potential emergency measures to stabilize withholding.
MENTIONED IN THIS ARTICLE
Ford
House
Washington
Carl Albert
White House
Ways and Means Committee
al Ullman
D-Ore
Ullman
Rhodes
Congress
Calhoun School Lunch Prices Face Board Vote Tonight
The Calhoun County Independent School District Trustees meet at 7:30 p.m. at the Administration Building to vote on lunch price hikes for students from 45 to 50 cents at elementary and junior high and 50 to 56 cents at the high school, plus teacher and guest lunch increases, plus a plan to move Port Lavaca ninth graders to Calhoun High. The agenda also includes grade reassignments among Harrison Jefferson Madison Travis Roosevelt Crockett, a 1975 Lax roll, tax sheltered plans for staff, leasing space for a vocational class, and related items.
MENTIONED IN THIS ARTICLE
Calhoun County Independent School District Board of Trustees
Port Lavaca
Calhoun High School
Harrison
Jefferson
Madison
Travis
Roosevelt
Crockett
Panel Approves Bush as CIA Director in Senate Vote
The Senate Armed Services Committee voted 12 to 4 to approve George Bush as CIA director after Ford ruled out Bush as a 1976 vice presidential candidate. Bush urged Ford to decide, while four Democrats opposed the nomination citing concerns over his suitability and background.
MENTIONED IN THIS ARTICLE
Washington
Senate Armed Services Committee
George Bush
Central Intelligence Agency
Ford
Bush
John C Stennis
D-Miss
CLA
Thomas J McIntyre
New Hampshire
John C Culver
Iowa
Gary Hart
Colorado
Patrick J Leahy
Vermont
White House
Max Friedersdorf
Republican National
Close Friend of Jack Kennedy Woman Denies Plotting
Judith Campbell Exner, 41, denied any role in plots by the Mafia and CIA to assassinate Fidel Castro. She testified at a news conference that her relationship with John F. Kennedy was personal and not conspiratorial. She acknowledged ties to Sam Giancana and John Rosselli but refused to confirm any go-between role or love matters, saying she met Kennedy in 1960 and last spoke in late 1962.
MENTIONED IN THIS ARTICLE
San Diego
Kennedy
Sam Giancana
John Rosselli
Kennedy White House
CIA
Castro
America
Jacqueline Kennedy
White House
Camelot
Committee
Judith Campbell
Exner
Hollywood
William Campbell
Las Vegas
Giancana
Miami
Rosselli
Deepwater port license sought for Gulf of Mexico
Seadeck Inc a nine company consortium seeks a license to build a 650 million deepwater port 25 miles south of Freeport Texas to handle oversized crude tankers with initial capacity of 2 million barrels per day rising to 4 million in stage two price tag could top 900 million with inflation First supertanker hoped third quarter 1979 operations by early 1980 and licenses expected after long approval process involving US Coast Guard and Department of Transportation entities backing include Cities Service Continental Crown Central Dow Chemical Exxon Gulf Mobil Phillips and Shell.
MENTIONED IN THIS ARTICLE
Houston
Seadeck Inc
Texas
Monobuoy
Freeport
Gulf Coast
Seadeck
US Coast Guard
Department of Transportation
Operaton
Hugh L. Scott
Gulf Oil
Cities Service
Continental
Crown Central
Dow Chemical
Exxon
Gulf
Mobil Phillips
Shell
Louisiana
Scott
East Texas
Atlantic Richfield
Chevron
Mobil
Phillips
Texaco
Union of California
Weather outlook with easing winds and warmer Friday
Partly cloudy this afternoon and Friday with continued cold tonight. North to northeast winds 15-25 mph gusty, diminishing tonight and turning southeast 5-15 mph Friday. Highs near 50 this afternoon, around 60 Friday. Boating: 18-28 knot winds today, veering to 5-15 knots Friday afternoon, seas 8-10 feet. Small craft advisories coast. Tides high 5:57 pm and 2:09 am, low 11:08 pm and 10:23 am Friday. Sunset 5:34 pm, sunrise 7:16 am, barometer 30.67.
Alternative Energy Bill Awaits Ford OK or Veto
The bill would cut gasoline and fuel oil prices, gradually lift price controls, and require car makers to improve fuel efficiency. If signed, Ford shifts away from his energy plan, signaling a battle with Congress. A veto risks no federal controls on oil prices and no cohesive energy policy.
MENTIONED IN THIS ARTICLE
Ford OK
Washington
Congress
Ford
Federal Energy Administration
FEA
Frank G. Zarb
Zarb
Senate
Henry M Jackson
D-Wash
Texas Oil Producers Advised to Ask Veto
The Texas Railroad Commission kept oil production at 100 percent for January while commissioners urged oilmen to seek a presidential veto of the energy bill. Commissioner Mack Wallace said he would telegram President Ford urging a veto, warning the bill would harm national security and raise foreign imports.
MENTIONED IN THIS ARTICLE
Texas
Austin, Tex
Texas Railroad Commission
Ford
Mack Wallace
Wallace
United States
Jim Langdon
Ben Ramsey
Also Mentioned on This Page
William J. Greener
Albert
John J Rhodes
Blue Angel
New York
Calhoun
Lax
Crockett Junior High
Jack Kennedy
Brian Monaghan
Senate Select Committee On Intelligence
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