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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
May 15, 1973
Page
3
The price of gold surged amid a weakening U.S. dollar with Paris quoted at 128.50 an ounce and London fixing at 110. The pound traded around 2.57 dollars as traders note irrational market moves and talk of a possible dollar devaluation.
W Hubert Earle director of the Desert Botanical Garden in Papago Park was named a Fellow of the Arizona Academy of Science. Also honored were Lorenzo K Lisenbee and J Smith Decker of Mesa and David Smith of Tucson. Earle has led the garden 16 years and served 26 on staff. He holds fellowships with the American Academy of Science and the Cactus and Succulent Society of Armenia. He sits on the boards of the latter and the Southwestern Parks and Monuments Association and advises Living Desert Reserve. He will address cactus societies in Las Vegas and London this year and plans a 1975 paper at the International Botanical Congress in Leningrad.
Commerce Department data show the U.S. balance of payments deficit at 10.2 billion dollars for Q1 1973 ending March 31, up from 1.6 billion in Q4 1972. The widening liquidity deficit stems from large capital outflows linked to exchange market uncertainties including the Feb 12 dollar devaluation and March official exchange market closures.
Sen. Barry Goldwater and Rep. Sam Steiger urged a House subcommittee to back a bill dividing 1.8 million acres of joint use land in Northern Arizona between the Navajo and Hopi tribes. Hopi attorney John Boyden alleged Navajo encroachment. Navajo Chairman Peter MacDonald defended repairs and resident rights.
The U S women’s team captained by Margaret Wagar and coached by Peter Pender finished third behind Italy and South Africa in the 1973 Olympiad. In the U S Italy match the Italian pair dominated. bidding complexities and a double by West shaped the IMP outcome with nine IMPs added by the double.
Three released POWs and their wives will attend the sixth Armed Forces Day Luncheon hosted by the Phoenix Metropolitan Chamber of Commerce Military Affairs Committee. The event starts at noon in the Thunderbird Room of the Hotel Westward Ho with advance reservations urged due to limited seating.
Live TV coverage of the Senate Watergate hearing opens Thursday at 10 am with CBS NBC and PBS providing the telecast. UPI reports the networks will carry the opening session.
President Nixon summoned 13 Senate and House leaders to the White House to discuss a bipartisan commission to study election law reforms aimed at preventing future abuses. The panel would issue recommendations without assigning blame for Watergate amid criticism of commissions’ efficacy.
A list notes seven free consumer information programs offered to adult organizations such as PTAs and church groups. Topics include Energy the Environment and the Ecology, The Best of Two Worlds, and Be Wise Buy Wise with tips on homemaking and careers and appliance purchases.
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