Inflation Still Threat Burns Warns Panel
Washington AP Burns told the House Banking Committee that the Fed’s policy is not aimed at stalling the recovery. He warned rising inflation remains a major risk and could trigger higher unemployment if unchecked. Labor Secretary Dunlop urged tax cuts for 1976, while Rep Patman questioned the Fed’s rate hikes and the impact on growth.
MENTIONED IN THIS ARTICLE
Washington
Arthur F. Burns
Federal Reserve
House Banking Committee
Burns
Labor
John T. Dunlop
Senate
House Economic Committee
Fed
Reuss
Ford Won't Void Elderly Fund Cuts
President Ford rejected a Federal Council on Aging recommendation to reinstate cutbacks in federal funds for social services for the elderly. Council Chair Bertha Adkin warned the elderly face crisis levels of need as funding limits bite. Ford said he would reduce inflation burden and that government spending must be limited.
MENTIONED IN THIS ARTICLE
Washington
Ford
Federal Council On Aging
Bertha
Adkin
Congress
Sald
Counell
Burna Rejects Requests for Economic Projections
Burna refused repeated requests by Rouse for projections on general growth, housing, unemployment, and inflation used by Fed policymakers. Reiss and Rep. Far nand St. Germain protested that forcing Congress to act with limited information hinders sound economic decisions.
MENTIONED IN THIS ARTICLE
Burna
Rouse
Fed
Reiss
Rep
Farnand St. Germain
D-H.l
Congress
GM Rehiring More as Sales Rise in 1976 Outlook
GM says long term layoffs peak 137,500 in late February will fall to 75,000 by end of July, following its strongest mid month car sales in 14 months. Murphy forecasts industry sales above 10 million cars next year, with auto workers on open ended layoffs dropping below 100,000 by August. Chrysler begins second shift recall at Warren truck plant as long term layoffs fall to 16,900 from 51,500.
MENTIONED IN THIS ARTICLE
Wright Patman
Dtex
Burns
Fed
Jane
Detroit
UPD
General Motors Corp
Cadillac
Thomas Murphy
Chrysler Corp
U.S
Warren
Mich
Noisy Auction of Vintage Furniture In Glassboro Sale
A garbled listing describes an assortment of furniture pieces including Ernie baskets a wooden 3 pot wall display shelves standing plat boxes shell stands talaphore table standing tubs fern stands and other display fixtures from an unidentified sale in New Jersey.
Ford gets vets aid hike through Senate approval
Senate approved by voice vote a bill boosting disability payments to about 2 million veterans by 10 to 12 percent, exceeding the 5 percent plan. The first-year cost is 64.9 million dollars. The measure also adds 2 percent increases to widow's benefits and ties payments to disability ratings and wartime service.
MENTIONED IN THIS ARTICLE
Washington
Senate
Ford
Esso Eastern Reaches Guam Overcharges Settlement
A major oil firm agreed to refund 838,5230 Guam customers for 1974 overcharges, announced by the Federal Energy Administration. FEA regional head William Arnie in San Francisco praised the decision for avoiding a legal fight and noted ESSO Eastern’s cooperation.
MENTIONED IN THIS ARTICLE
San Francisco
Guam
Federal Energy Administration
William, Arnie
FEA
Esso Eastern
Also Mentioned on This Page
Nto
Henry 5. Neuss
Capitol Hill
Sait Plastica
Bruh
Murphy
Future Farmers of America
Labul Fem
Golhrig
Que
Electricam Trbip Media
Feveac
Meme
Tyla
Seany
A Nate
Caretree
Rie
Selitacing! Bey
Lakewood
Bullock's
Hoto
Shory
Akron
Sale J-Pario
Bros. Golor
Haone & Bettee
Alunry
Wanderoliad
Ace Oy
Calorful
Abian
Aplaan
Aurik
South Bay
Torrance
Hawthorne
Tairoaini
Staus & Lantere
Amego
Rattan
West
C&r Clothiers
QPEN
Long Beach
Atlantic Blvd
Carson and
Wardlow
Downey
Downey Ava
Bicher Ett
Fleet
Hawthorne Blvd
Orne
Weed
Anaheim
South Knot Ave
Weert
Westminster
Ieelalad