January Wholesale Drop Signals Easing Inflation Amid Recession
Government reports show January wholesale prices down 0.3 percent led by lower food costs while industrial output and the U.S. balance of payments deteriorate. Ford urges optimism as the NYSE reaches record trading, and Fed notes steep factory cutbacks marking the recession’s depth.
MENTIONED IN THIS ARTICLE
Richard Hughes
UPI
U.S
First National City Bank of New York
Morgan Guaranty & Trust
Governent
Commerce Department
Federal Reserve Board
Conservatives back independent presidential bid plan
United Press International reports that leading conservatives at a national Conservative Political Action Conference endorsed M Stanton Evans's plan for independent presidential and vice presidential candidates in 1976. They argue a third party ticket could pressure both major parties while remaining separate from them.
MENTIONED IN THIS ARTICLE
Washington
M. Stanton Evans
American Conservative Union
Pentagon Sees Hiring Bottleneck Turn Into Recruits Line
An assistant defense secretary notes higher unemployment yields a benefit for the Pentagon with lines of qualified recruits now waiting for service across the Army Navy Air Force and Marines. Kissinger travels to Jordan to brief King Hussein on a Middle East peace mission with a 50-50 chance of success. Ford says he will accept Congress will to keep food stamp costs steady for 17 million beneficiaries and 8 percent of the population.
MENTIONED IN THIS ARTICLE
Washington
Defense
Pentagon
Army
Navy
Air Force
Marines
Aqaba
Jordan
Henry A. Kissinger
Hussein
Middle East
Ben-Gurion
Kissinger
Jerusalem
Ford
Congress
Terrorists kill St. Louis man in home invasion
A 61 year old St. Louis man died from injuries after he, his wife, and their mentally disabled son were beaten with bars and gun butts during a home invasion. Police call the attack part of a renewed rash of racial terrorism.
MENTIONED IN THIS ARTICLE
East ST. Louis
Scottsdale district to discuss impact of 1975 76 budget cuts
Scottsdale School District administration and the Scottsdale Federation of Teachers agreed to begin school by school discussions on the full ramifications of proposed budget cuts for 1975-76. Supt. William Randall stressed that the board could alter its $1,000 across the board offer once state financing is decided and local issues are resolved. Larry Bell of the SFT urged that funds freed by cuts be directed to teachers’ salaries and that discussions include administrative costs and class-size effects. The district proposes nearly $1 million in cuts, with about $950,000 in new funds under the seven percent cap, while the SFT seeks a 15.1 percent COLA for about 1,300 teachers and corresponding reductions totaling $2.7 million. Randall suggested possible range-based class sizes and policy changes, and both sides aim to justify programs in a zero-budget study approach.
MENTIONED IN THIS ARTICLE
Scottsdale School District
Scottsdale Federation of Teachers
William Randall
Randall
Larry Bell
Afi-Cio
Bell
SFT
Second winter storm heads for the state
Weather service reports two winter storms moving across Arizona. A first storm brought light showers and two inches of snow at Elgestaff, while Hawley Lake recorded 7.44 inches overnight. Phoenix airport observed 0.07 inches of rain as a second storm approached from northwest Nevada with potential heavy mountain snow Saturday.
MENTIONED IN THIS ARTICLE
Arizona
Elgestaff
Hawley Lake
Phoenix-Sky Harbor International
Service
Nevada
Too Busy To Cancel Typist Receptionist Ad
Scottsdale Girls Club placed a help wanted ad for a typist receptionist for a non profit girls recreation agency offering a 40 hour week. The club was so busy answering applicant calls that it did not cancel the ad. Call 994 9311 to advertise in Progress Classifieds.
MENTIONED IN THIS ARTICLE
Girls Recreation Agency
Progress
Scottsdale Girls Club
Scottsdale Parks Commission rejects sale of McCormick Park land
The city Parks and Recreation Commission voted unanimously to oppose selling 70 acres of McCormick Park to cover an $866,000 budget deficit. Scottsdale businessman Guy Stillman urged against the sale, citing donor intent and land value. Council members supported conservation of park land but will investigate options.
MENTIONED IN THIS ARTICLE
Parks and Recreation Commission
McCormick Park
Scottsdale
Indian Bend Roads
Guy Stillman
Stillman
Fowler McCormick
McCormick
McCormicks
Indian Bend
Scottsdale Road
Commission
Pat Riding
Parks Department
Riding
Scottsdale councilor urges public hearing on city finances
Council member Billie Gentry proposed a public hearing to gather citizen ideas on Scottsdale’s 866000 deficit and potential options. She stressed any decision will affect all residents and suggested presenting the finance report to inform the public before choosing among selling park land, raising fees, or laying off workers.
MENTIONED IN THIS ARTICLE
Scottsdale
Billie Gentry
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Hearts and
Michael Harner
Luise
Michael
Wall Street
New York Stock Exchange
Bob Johnstone
Dowell
Hayden
Germany
United Press International
Okay
St. Louis
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