New York City Secures Big Mac Plan to Avert Crisis
Albany approves and Gov. Care signs a plan creating Municipal Assistance Corp known as Big Mac to refinance NYC short term debt, limit borrowing, and enforce a balanced budget. Banks signal support to avoid default on over 700 million due soon as city reforms seek investor confidence.
MENTIONED IN THIS ARTICLE
Albany
N.Y
New York City
Hugh L Care
Municipal Assistance Corp
Big Mac
Senate
Assembly
Earthquake Reported in Central and Southern Japan
An earthquake struck central and southern Japan, according to the Uppsala Seismological Institute. No immediate injuries or major property damage were reported.
MENTIONED IN THIS ARTICLE
Uppsala
Sweden
Uppsala Seismological Institute
Japan
Insurance board to set medical malpractice rates in June
Texas insurers must file malpractice rate proposals with the State Insurance Board by June 15 as part of a drive to curb rising doctor coverage costs. Board chair Joe Christie said no rates are approved yet, and the board will act swiftly on filings. The commission aims for a long term fix, with an organizational meeting set for June 20.
MENTIONED IN THIS ARTICLE
Austin
State Insurance Board
Texas
Joe Christie
Christie
Dolph Briscoe
House
Bill Clayton
Bob Davis
R Irving
Tom Uher
D-Bay City
Stull
State Bar of Texas
Bill Hobby
Commission
Governors seek share of gas tax revenues
The nation's governors voted 27 to 6 to back an amendment allowing states to preempt one cent of a proposed three cent gas tax rise and 20 percent of any later increases. The measure avoids taking sides on whether to raise gas taxes or Ford energy plans.
MENTIONED IN THIS ARTICLE
New Orleans
Congress
House
Ford
George Wallace
Wallace
Howver
Bill Waller
Mississippi
Alabama
Bentsen slams Ford veto at AFL-CIO meeting
Sen Lloyd Bentsen, addressing the New Jersey AFL-CIO convention in Atlantic City, blasted President Ford for vetoing the $5 billion jobs bill. He accused Republicans of sacrificing jobs, warned of double digit inflation and unemployment, and urged action to rebuild cities and public transportation while expanding power sources.
MENTIONED IN THIS ARTICLE
Atlantic City
N.J
Ford
Lloyd Bentsen
D-Tex
New Jersey
Afl-Cio
Texas
Ford cuts fuel use on eight small cars
Ford Motor Co. announced fuel economy improvements to 34 miles per gallon on highway driving for eight models in the Pinto, Mustang II, and Bobcat lines. Revisions include lower rear-axle ratios and installation of antipollution catalytic converters. Best previous mileage was 26 mpg. The enhanced models go on sale next week with a $50 dealer price increase, while the suggested retail price stays unchanged.
MENTIONED IN THIS ARTICLE
Dearborn
Mich
Ford Motor Co
Auto Company
Ford
Morning Markets Fall Amid Oil Price Fears
New York markets slipped as oil price concerns rose after reports from an African oil producers meeting suggested a possible price increase up to 35 percent. Dow Jones fell midday, Exxon, Atlantic Richfield, Getty, and Continental showed notable moves as the Big Board index declined.
MENTIONED IN THIS ARTICLE
NEW York
Dow Jones
York Stock Exchange
Africa
American Stock Exchange
Exxon
Atlantic Richfield
Getty
Continental
Rockefeller Commission Recommends CIA Oversight Panel
Washington AP reports the Rockefeller Commission proposes a joint congressional committee to supervise the CIA and a separate executive oversight body. The panel would mirror the Joint Atomic Energy Committee with aims to curb future CIA wrongdoing.
MENTIONED IN THIS ARTICLE
Washington
Congressional Committee
Central Intelligence Agency
Rockefeller Commission
Joint Atomic Energy Committee
Nelson A. Rockefeller
Executive
Ford
Commission
CIA
Senate Intelligence Committee
Richard Schweiker
R-Pa
Pennylvania
Afl-Cio
Near hurricane winds and floods lash Texas Gulf Coast
Warnings for near-hurricane winds and heavy rains hit Galveston, Beaumont, and surrounding counties as 55 mph gusts and 70 mph bursts toppled trees and flooded baysous. Sour Lake recorded 27.5 inches of rain, with daily deluges across Texas and into Louisiana. Tornado watches flickered near Houston and Friona as emergency crews opened Beau mont shelter and deployed sandbags.
MENTIONED IN THIS ARTICLE
Associated Press
Galveston
Chambers
Gulf Coast
Texas
Sour Lake
Beaumont
la Marque
Houston
Pirate’s Beach
Galveston Island
Pine Island Bayou
Village Creek
Sabine
Trinity
Brazos
San Jacinto
Panhandle
West Texas
Louisiana
Oklahoma Line
Cleburne
Joshua
Devil's Lake
Deweyville
Friona
Morton
Panhandle Plains
Merkel
Eula
Abilene
Decatur
Wise County
Paris
Plano
Dallas
Rosenberg
Richmond
Astrodome
del Rio
Mexican
Texas Water Safari Ends With Record Breaking Finishes
Finalists in the 419 mile Texas Water Safari push past fatigue to shatter records. Houston duo Mike Wooley and Jim Nabors win at 38 hours 5 minutes, beating the 41 hour 12 minute mark. Seadrift’s Bucky Chatham team finishes second, followed by Tom Goynes and Jerry Cochran in third.
MENTIONED IN THIS ARTICLE
Bucky
Robert Chatham
Seadrift
Tom Goynes
San Marcos
Jerry Cochran
Martindale
Women’s Open golf set at Atlantic City July 17 20
The USGA Women’s Open will be held at Atlantic City Country Club from July 17 to 20 with a $50,000 purse, up $15,000 from last year. ABC will televise the final two days of the tournament.
MENTIONED IN THIS ARTICLE
Atlantic City
Atlantic City Country Club
ABC
Water Safari winners set records in Aluminum Canoe Division
Port Lavaca pair Jimmy Trimble and Pat Patrisky endured blistered hands and fatigue to finish sixth overall, with an elapsed time of 47 hours 32 minutes, earning third in their division and a strong U S Canoe Association showing. They faced early night navigation trouble, following another boat after losing their lights.
MENTIONED IN THIS ARTICLE
Pat Petrisky
Jim Trimble
Port Lavaca
Water Safari
Seadrift
Jim
Shelby) Trimble
Jimmy Trimble
Trimble
Pat Patrisky
U.S. Canoe Association
Petrisky
Also Mentioned on This Page
Perate
Discout
Berglass
Jobs
Bentsen
Ford Veto
Alcoa
Chrysler
Coca Cole
duPont
Eastman
Fairchild
Ford Ashe
Gen Foods
Gen Tire
Goodrich
Guyitel
Jan Man
Jonn Jon
Litton Ae Marathon
Marcor
Mobiel
Monsanto
Phillow
RCA Safeway
Sears
Sun
Texaco
Us Steel Woolworth
Xerox
Philadelphia
Schweiker
John Tower
R-Tex
Tower
Senate Committee
Limited Amount
Texas Floor CO
Main St. Pt. Lavaca
Dennis Borowics
Johnny McKee
Victoria
U.S.C.A
Terry Pauley
Inez
Steve Borowicz
Leslie Teague
Bob Smith
Bowmen Real Estate
Calhoun County
Corpus Christi
the Peoples Choice
Cash
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