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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Apr 22, 1974
Page
5
The Chicago Daily News survey shows world inflation varied widely. England faces 20 percent food price rises and 33 percent top income tax, while Japan and Israel report 20 percent price increases. Israel loans carry high rates and gas prices differ, highlighting relative U.S. affordability alongside wage comparisons.
The New York Times reports a revolution in vineyard level wine pricing in France with wholesalers lowering prices to restaurateurs and retailers in France and the United States. Some 1973 wines may be cheaper in coming years and rare older bottles already show drops, such as a 1959 Chateau Lafite-Rothschild now $900 a case versus $1,400 earlier. Inflation in the U.S. stands at 10.8 percent in the first quarter, but the falling wine costs offer partial relief.
Readers attack government handling of a Russia wheat deal and beef purchases for inflation fighting. A note urges firearm licensing and training. Letters praise media support for volunteers and critique probation funding and the Lanterman act impact, ending with taxpayer concerns over care and wasted lives.
A Midwest visitor says inflation is a flaming issue if not for impeachment. Dan Paarlberg of the USDA analyzes why inflation is both hated and loved, noting farmers’ support for high price supports while laborers suffer from rising prices amid the political climate.
Washington reports growing public approval for Congress mandated year round DST as energy savings. DOT analysts warn that rising support may reflect longer days and shorter nights with summer approaching and public opinions could further change.
The piece surveys public opinion on year round Daylight Saving Time and inflation control amid Nixon era policy debate. It notes a rising poll favoring year round DST, criticizes inflated casualty counts in Florida, and reports economists debating Brazil’s inflationary model and potential American adoption. It highlights Fried man's views, Brazil's system, and a May Washington meeting of leading economists.
Washington reports that Pat Nixon has faced deep personal strain from Watergate over the past year while her daughters campaign against the charges against her husband. She shows optimism, insists on faith in the American people, and plans hard work to bolster Nixon’s declining popularity.
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