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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Jul 15, 1977
Page
57
Fragmented text from an OCR stock page shows tickers, prices, and names but is heavily garbled. It mentions American Stock Exchange and various names, but lacks coherent data, dates, or complete events to summarize clearly.
A Wednesday night blackout disrupted NBC and CBS on emergency power and rerouted ABC from Los Angeles. The New York Times nearly finished its Thursday edition, with a four page wrap planned. The New York Daily News printed 400000 copies before the outage and prepared a revised front at Newsday. The Times and News published morning editions. Post skipped Thursday and planned Friday. AP and UPI shifted regional operations to maintain service overnight.
The July 94 blackout disrupted UPI and Reuters wires and caused NBC ABC CBS to go off air briefly. Reuters reported New York operations shut down while networks relied on emergency studios and power. West Coast feeds remained available and programming resumed with candles and emergency generators.
A government survey shows food's budget share declined from 29.7 percent in 1950 to 20.1 percent by 1972 73, while shelter utilities rose to 21.3 percent and transportation surged to 21 percent, with health costs falling to 8.4 percent as employer and government insurance grew.
California moves to aid small utility customers with SUCAG a proposed body funded by voluntary $2 yearly contributions added to utility bills. San Leandro Assemblyman Bill Lockyer and San Jose Senator Alfred Alquist back AB1289 now in the Senate. SUCAG would provide expert representation in rate hearings for residential and small business consumers.
In London the dollar rose, closing against West German marks at 12.2915 in Frankfurt after the German central bank signaled the decline may have ended. The pound and Swiss franc also moved, with London reporting a weaker pound at 1.7197 and Zurich noting the dollar at 2.4195 francs.
The House passed a measure by 199 to 198 to aid consumer cooperatives by allowing a federal Consumer Loan Bank to lend up to 5 billion over five years. The bill aims to expand coops offering groceries housing repairs and other services, backed by Ralph Nader and consumer advocates. An attempt to limit scope with a $20 million two year study was defeated 228 to 170.
A House committee backed a bill to end mandatory retirement before 70 in private business and remove forced retirement in federal service. The 33 0 vote by the Education and Labor Committee signals likely floor action this fall. Rep Claude Pepper said he will seek Carter backing.
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