New York Stocks Begin Week With Mixed Activity
U S stocks for the day showed mixed results as traders on the New York Stock Exchange navigated the early-week volatility. Large caps moved narrowly while several mid cap issues posted modest gains amid cautious momentum and thin volume.
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Ecology Agency Receives $2.4 Billion Budget Allocation
The EPA budget proposes a $2.4 billion allocation, with a large staff increase from 6,673 to 8,063 positions. It aims to accelerate state river basin planning, boost pollution control aid, and enhance air quality programs. Director Willam D. Ruckelshaus hailed significant budgeting gains amid Nixon administration reviews.
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EPA
Willam D. Ruckelshaus
Nixon Administraton
Nixon Panel Proposes Pollution Tax and Permits
The Nixon panel calls for taxes on sulfur oxide emissions from fossil fuel combustion to curb air pollution and a lead tax to promote unleaded gasoline. It also suggests emissions permits and a government license system for ocean dumping, with licenses auctioned or sold to control waste disposal costs.
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