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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Feb 22, 1971
Page
7
A chaotic market day showed stock prices fluctuating as reporters tracked trades on the New York Stock Exchange. Investors monitored dividends, corporate earnings, and sector shifts amid toeholds of optimism and caution.
A bill by Assemblyman John Biton to allow the state to spend an extra 70 million this year on health care for the aged and poor moved quickly through Democratic controlled health and money committees but its urgency clause requires a two thirds Assembly approval, a vote that surpasses Democratic leadership’s counted support.
Sacramento reports measures to fund quake relief near Gov Rea Ban desk this week. An Assembly disaster relief bill paired with a temporary gasoline tax raise to pay highway repairs faces Senate Finance Committee approval. The relief bill would release federal funds to repair public buildings and facilities, with the exact amount pending total damage estimates.
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