Economy forecast sees sound growth through 1978 in Carter era
About 100 members of the Business Council meeting in Hot Springs forecast a sound growth path for the economy through 1978 with real GNP rising about 4.9 percent this year and 4.4 percent in the first half of 1978. Unemployment should fall toward 6.5 percent by mid-1978 while consumer prices rise around 5.9 percent this year. They warned inflation could spike again and questioned Carter policies on business despite offering to help the administration.
MENTIONED IN THIS ARTICLE
Hot Springs
The
Business Council
Carter
Inflation fears damp Rocky Mountainer optimism on six-month economy
A Behavior Research Center poll finds inflation driving a drop in those expecting improvement in the U S economy within six months across eight Rocky Mountain states. Only 23 percent now anticipate gains, with 38 percent in January. Arizona and Nevada show relative stability. Durables rise expectations climb to 88 percent in April.
MENTIONED IN THIS ARTICLE
Rocky Mountain States
U.S
Phoenix
Earl de Berge
Behavior Research Center of
Behavior Research
Rocky Mountain
Carter
White House
Center
de Berge
Arizona
Nevada
Rain Ties Scottsdale Shower Forecast To A April Event
Rain fell briefly in Scottsdale around noon as dark clouds formed over the Valley. The National Weather Service warns showers and thundershowers will continue tonight and Saturday with clearing by Saturday afternoon. measurable rainfall last occurred on April 2 at Sky Harbor Airport.
MENTIONED IN THIS ARTICLE
Scottsdale
National Weather Service
Arizona
Sky Harbor
Weather Service
Noah
Prosecution ends MacDonald case in Arizona trial
In Phoenix AP reports the government wrapped up its mail fraud and tax case against Navajo Tribal Chairman Peter MacDonald after testimony from Gallup night club owner Don McKinney who admitted cashing a over $3,000 check. Kenneth Townsend testified he received proceeds from the check and gave them to MacDonald.
MENTIONED IN THIS ARTICLE
Phoenix
Peter MacDonald
Gallup
N.M
Don McKinney
Talk of the Town
Kenneth Townsend
Townsend
MacDonald
Indictment Expected Here in Warren Bribery Case
Warren faces bribery and conspiracy charges tied to a public official. A supervening indictment reportedly will be announced Monday with a motion to dismiss prior counts. Warren, 62, is hospitalized amid heart bypass recovery. preliminary hearing set for May 23 in Scottsdale Justice Court.
MENTIONED IN THIS ARTICLE
Maricopa County
Warren
Arizona
Scottsdale Justice Court
Acie
Kenneth Chambers
Chambers
Scottsdale
Hyder slams legislature and supervisors in Scottsdale speech
Maricopa County Attorney Charles F. Hyder called the Arizona Legislature an obstructionist body for failing to pass bills prosecutors need. He faulted the county board of supervisors over budgets and hiring outside counsel, urging taxpayer accountability and asserting prosecutors must keep discretion in sentencing.
MENTIONED IN THIS ARTICLE
Arizona
Maricopa County
Charles F. Hyder
Hyder
Scottsdale
Board of Supervisors
Ditch Day Delights and Pool Fun at Eldorado Park
Walter Lang 11, a Pima School band member, enjoyed a swim at Eldorado Park as overcast skies loomed. Seniors, granted a “ditch day” after 12 years of schooling, faced late morning showers that may have tempered the celebration.
MENTIONED IN THIS ARTICLE
Walter Lang
Eldorado Park
Pima
OPEC May Hold Back On Price Hike Amid Rumble Of Changes
OPEC members reportedly abandoned a planned five percent price increase due July 1 with a formal announcement expected May 20. The Middle East Economic Survey cited OPEC sources. In Washington Senator Goldwater urged Nixon to make a sincere TV explanation of Watergate. A Friday quake hit Tokyo Christchurch and parts of Bangladesh killing two in Dacca with a cyclone following.
MENTIONED IN THIS ARTICLE
Nicosia
Cyprus
Organization of Petroleum Exporting Countries
OPEC
Middle East
Nixon
Washington
Barry Goldwater
Goldwater
Arizona
David Frost
Tokyo
Japan
Christchurch
New Zealand
Bangladesh
Indian Subcontinent
Dacca
Senate approves compromise budget plan for 460.9 billion
The Senate approves a $460.9 billion fiscal blueprint with a $64.6 billion deficit for the year starting Oct. 1. Defense spending is set at $111 billion after three days of conference bargaining between the Senate and House to resolve wide differences.
MENTIONED IN THIS ARTICLE
Washington
Senate
Senate House
Bhutto Proposes National Referendum to Stay in Power
Prime Minister Zulfikar Ali Bhutto announced a nationwide referendum to decide whether he should remain in power, signaling a potential shift in Pakistan's political crisis. The move follows mounting opposition and economic pressure.
MENTIONED IN THIS ARTICLE
Islamabad
Pakistan
Zulfikar Ali Bhutto
Weekend weather outlook with scattered showers
Variable clouds through Saturday with a slight chance of showers and thundershowers. Breezy and cooler with highs in the low 80s and overnight lows around the upper 50s. Rain chances 20 percent today 30 percent tonight and 20 percent again on Saturday.
Scottsdale Welcomes Compromise Flood Control Funding
Scottsdale officials welcomed a compromise state flood control appropriation of 5 million dollars for 1977 78 to Maricopa County, hoping to keep the program alive. They expect 1 5 to 1 75 million for Scottsdale's Indian Bend Wash project, while noting the defeated 8 million proposal. The plan includes 3 5 million for 1978 79, pending Gov Castro’s signature, with the Arizona Water Commission distributing funds.
MENTIONED IN THIS ARTICLE
Scottsdale
Maricopa County
George Brittoh
Indian Bend Wash
William C. Jenkins
House
Senate
Arizona Water Commission
Arizona
The
Water Commission
Britton
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