Tax cuts urged to spur economy and curb recession
The Joint Economic Committee urged tax cuts totaling up to 12 billion dollars a year to ignite growth and avert what it warned could be the worst recession in over three decades. It also proposed a 30 cent per gallon gasoline tax to restrain demand and cited plans from Brimmer and Heller for income tax relief.
MENTIONED IN THIS ARTICLE
Terence Hunt
Associated Press
Washington
Congressional Joint Economic Committee
Congress
Andrew F. Brimmer
Federal Reserve Board
Walter M. Heller
Council of Economic Advisers
John F. Kennedy
Lyndon B. Johnson
Brimmer
Harvard Business School
Heller
NBC
Meet the Press
Congressional Joint Committee
Ford
United States
Roswell Stores Report Strong Christmas Season Sales
Roswell merchants report a booming Christmas shopping season with up to 20 percent gains in motels and grocery stores and 15 percent in restaurants. Local managers note demand for everyday items and a shift to cheaper merchandise as inflation concerns rise.
MENTIONED IN THIS ARTICLE
Roswell
Tracy Huber
Tom Halpin
Bills Extend Unemployment Aid As Jobless Rate Rises
Congress sent two bills to President Ford expanding unemployment protection. The measures would guarantee at least 52 weeks of benefits for most workers and extend coverage to about 12 million additional workers for the first time.
MENTIONED IN THIS ARTICLE
Larry McPherson
Cobean’s
J. C. Penney
Ron Henson
Larry Knadle
Knadle’s, Inc
Mack Williams
Mack’s Camera Center
N. Main
Associated Press
Washington
Congress
Ford
U.S
Labor Department
Bank says fraud case won’t threaten stability at Albuquerque
First National Bank of Albuquerque released a statement saying the alleged multi million dollar fraud involving a former top officer will not affect the bank's stability. The bank noted all employees are covered by a fidelity bond.
MENTIONED IN THIS ARTICLE
Albuquerque
First National Bank of Albuquerque
Thief Worthy of Scrooge Steals Nativity Figure in Deming
In Deming New Mexico an unidentified burglar stole the Baby Jesus statue from a Nativity scene in front of the City Hall Police Department building downtown. Police investigate the theft as a holiday caper with a Grinch like suspect.
MENTIONED IN THIS ARTICLE
Deming
Ebenezer Scrooge
New Mexico
City Hall Police Department
Ford rejects domestic spying by CIA
Washington AP reports Justice Department reviews charges that the CIA spied on domestic antiwar activists during Nixon era. President Ford says no tolerance for illegal spying and Colby says nothing comparable is happening. Senate Relations Committee plans probe while Colby convenes a top level meeting. Foreseeable weather shows increasing cloudiness and cooler temperatures with showers possible today and Tuesday.
MENTIONED IN THIS ARTICLE
Washington
Justice Department
Central Intelligence Agency
Richard M. Nixon
Department
Ford
CIA
Silberman
Grand Junction
Colo
Colby
New York Times
Congress
John McCone
Foreign Advisory Board
Holiday layoffs hit auto and timber workers nationwide
The Associated Press reports six million Americans were jobless in November with auto, timber and textile sectors hardest hit. Auto layoffs approach 300,000 by January end, and Pacific Northwest saw 11,400 in Oregon and 10,400 in northern California idled. Textile and housing tied declines worsen unemployment with high rates in construction and specific states like Buffalo and Georgia. Major companies including Xerox and General Electric cut jobs.
MENTIONED IN THIS ARTICLE
Nice Tatro
Associated Press
General Motors
Pacific Northwest
Oregon
California
Washington State
Mobil
Carolinas
North Carolina
Xerox
General Electric
Westinghouse
RCA
Union Pacific Railroad
U.S. Steel
Sears Roebuck
Magnavox
Control Data
Nabisco
Also Mentioned on This Page
Hendricks
Clarence Rollins
Gibson’s
del Norte
Rollins
Jonnie Caraway
Sweetbriar
Robert Avina
Firestone
Henson
Penney
David Stevenson
1300 S. Main
Dan Busby
Whites, Inc
Busby
Lester Tucker
Lester’s Shoes
Lea
W. M. Lea
Federal Public Service
Edward W. Brooke
R-Mass
ABC Radio
E. B. Speer
U.S. Steel Corp
CBS
Speer
U.S. Lteel
Debbie Goetz
Alana Beeman
Knadles Inc
By Joe Hall
Hastings
England
Dido de Lasala
English Channel
British Coast Guard
Washington (Ap
Atty
John N. Mitchell
Charles W. Colson
Mitchell
Scrooge
John Sparkman
D-Ala
Senate Relations Committee
Laurence H. Silberman
William E. Colby
Justce Department Public Information
Robert Havel
Havel
Bill Dean
Random Lengths
Buffalo
N.Y
Georgia
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