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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
May 22, 1974
Page
6
Demonstrators gathered in Lafayette Square across from the White House to protest rising utility charges. Organized by the Movement for Economic Justice, the largely Northeastern crowd burned their bills as a show of dissent.
General Electric plans price increases on major appliances including air conditioners washers dryers electric ranges freezers and dishwashers with most models rising 10 to 15 dollars or about six percent for air conditioning units next week. Smaller kitchen gadgets like toasters are unaffected due to higher costs for plastics packaging copper and aluminum.
World Book Encyclopedia chairman William Branham says the 1974 yearbook account of Spiro T. Agnew remains valid despite Agnew’s reported displeasure. Washington columnist Jack Anderson said Agnew criticized the piece and demanded removal of his name from the mailing list. Anderson cited sources claiming Agnew said the account was distorted and biased against him.
Washington Rep. Wilbur Mills proposes a capital gains tax exemption to secure his grandson’s future. He vows to restore initiative to U S business and consumers with lay changes, seeking yearly and lifetime limits on tax free gains. He suggests a lifetime cap near ten thousand dollars.
Chief Justice Warren Burger urged the American Law Institute to streamline probate and home purchase procedures to reduce costs. He highlighted the probate process and real estate transfers as prime targets for simplification and called for a model probate code and broader re-examination of financing and closing steps.
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