New York City Tax Hikes Intensify City Budget Debate
Albany lawmakers pressed President Ford to back federal aid while pursuing a $20 million city tax rise. Banks urged higher state taxes amid debt notes uncertainty. Key figures Carey Steingut and Anderson faced slow progress as Ford weighed concrete action and loan guarantees.
MENTIONED IN THIS ARTICLE
New York City
Ford
Hugh Carey
Carey
Assembly
Stanley Steingut
Senate
GOP
Warren Anderson
Teargas Used To Subdue Bandit
Police used tear gas to subdue a bandit who robbed a restaurant and kidnapped an employee. The suspect held off officers for five hours, demanded a new car and a police officer as a hostage, and fled at high speed before being cornered 20 miles south of Lubbock. The hostage and Lt. David White were hospitalized after exposure.
MENTIONED IN THIS ARTICLE
Subbock, Tex
UPI
Tohoka
Tex
Lubbock
David White
U.S 87
James Kimber
Oil prices threaten recession unless policy shifts
Brookings Institution economist George Perry warns in a Brookings paper that higher oil prices could spark inflation and a renewed recession unless the federal government expands the money supply or cuts taxes. He argues anti inflation policies should limit money supply and avoid tax cuts to improve production and employment. If policy favors tax cuts or easier money, energy driven inflation could ease faster but risks persist. Perry also notes higher energy costs curtail demand for cars, homes and other goods, potentially lowering living standards over years as the economy adjusts.
MENTIONED IN THIS ARTICLE
Brookings Institution
George Perry
Perry
Federal Reserve Board
Brookings
Illinois Man Wins First U S Monopoly Championship
A. E. Gostomelsky of Skokie Illinois won the inaugural U S Monopoly Championship in Atlantic City New Jersey beating four opponents over two hours ten minutes. He earned 11410 in Monopoly money and 4895 in property plus a Monopoly board clock while runner up Roger Compton from Ohio received a playful 300000 in fake money.
MENTIONED IN THIS ARTICLE
Atlantic City
N.J
A. E. Gostomelsky
Skokie
U.S
Gostomelsky
Belknap and Kennedy Collide Near Sicily Coast
UPI reports the guided missile cruiser Belknap towed into Sicily port after a mid sea collision with the aircraft carrier John F Kennedy. Four crew members were killed and 45 injured. several missing. The Kennedy remained on site aiding search and rescue efforts.
MENTIONED IN THIS ARTICLE
Peggy Polk
Priolo
Sicily
UPI
Belknap
John F Kennedy
Ionian Sea
Kennedy
Sugar glut seen as world supply rises and prices drift lower
UPI reports a small world sugar surplus for the first time in four years. Economists say retail prices lag raw declines and processed foods absorb most cost shifts, with 1975-76 world crop seen at 91.5 million short tons and stocks around 17.5 million tons by next April.
MENTIONED IN THIS ARTICLE
Bernard Brenner Washington
UPI
Fred Gray
Agriculture—Department
Gray
U.S
Economist
New York
Reagan Warns Equal Time If Old Films Shown
Ronald Reagan jokes he may demand equal time if his old movies or Death Valley Days are aired on TV. He calls the FEC ruling requiring equal time for candidates silly while noting no economic impact due to lack of residuals. Reagan recalls Dark Victory and Kings Row and cites his syndicated radio show and newspaper column.
MENTIONED IN THIS ARTICLE
Stewart Slavin
Pacific Palisades, Calif
UPI
Ronald Reagan
GOP
Reagan
Federal Elections Commission
Death Valley
Bette Davis
Willy Wonka Sparks Fans Over NBC Game Cut
NBC faced about 1000 calls from parents angry at a Willy Wonka screening cut mid film while the Oakland Raiders beat the Washington Redskins 26 23 in overtime. NBC kept the game to a finish citing policy since the 1968 Heidi affair. George Blanda added a late field goal for the Raiders.
MENTIONED IN THIS ARTICLE
Richard Goldstein
New York
UPI
Willy Wonka
Oakland Raiders
Washington Redskins
Heidi
The
National Broadcasting
NBC
Raiders
Redkins
Jack van Buskirk
Jets
van Buskirk
Oakland
George Blanda
Proposals Benefit Idaho Says Church
Senator Frank Church cited three gains for Idaho in the Interior Appropriations bill. Full funding for the Johnson O Mally Indian education program was restored, saving 183000 in 1976. He also won 300000 for Forest Service research on the Idaho batholith and 1.2 million more for forest resources evaluation to speed up work in central Idaho.
MENTIONED IN THIS ARTICLE
Washington-Idaho
Frank Church
Interior
Senate
Church
U.S. Forest Service
Idaho
Forest Service
Also Mentioned on This Page
Philip H. Dixon
Albany
UPD
China
Ronny Sowell
White
Leonard Curry
Washington
Illinois
Roger Compton
Miami University
Oxford
Ohio
Compson
Gary Janiter
Detroit
Dennis Freeman
Holtville
Calif
Cdr
J Nuzum
Vermont
U.S. Navy
Sigonella
Navy
Mt Baker
U.S Navy
Kennedy’s
California
New Highway 200
Hope, Idaho
Tom
Turkey
Chateau
FTD Florist
Cedar Street Sandpoint
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