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Newspaper
Port Lavaca Wave
Location
Port Lavaca, Texas, United States of America
Date
Jan 27, 1975
Page
6
Washington reports 1974 closed with a $3.065 billion overall U S trade deficit, the second largest on record, driven by a threefold rise in imported oil costs to 24.6 billion dollars. Despite a 2 percent rise in exports, imports climbed 3.5 percent, reversing 1973's surplus.
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Dallas AP report on the U S Conference of Mayors urging Ford and Congress to cut mortgage rates, expand mortgage money, and push multi family urban housing for low and middle income groups. Mayors Hatcher and Alexander lead the push after NAHB meeting. They call for federal subsidies, rehab over new builds, and a focus on preserving urban housing stock.
Capsule reports from Algiers say OPEC ministers agreed to meet customer nations and plan a four to six week summit to align positions. The communique also notes a state leaders summit in Algiers between Feb 21 and March 8 to finalize the unified stance.
Miami banker David Brickes becomes a weekend grease monkey renting tools by the hour and doing his own labor at a growing do it yourself car garage trend aimed at white collar workers. In Washington, Rockefeller questions CIA overstepping authority and vows to pursue all leads. Rhodes predicts rising gasoline prices but says rationing lacks support against Ford veto. Levi seen as likely attorney general. Gainesville researchers tout synthetic eyes inspiring future vision aid for the blind.
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