Economic forecasting poor as the field it deals with
For three years forecasters have produced poor accuracy and critics say 1975 opens with imponderables. Government business and academic economists misread price and interest trends, undermining credibility and shaping misguided corporate planning. Some see federal policy as misled by assumptions.
MENTIONED IN THIS ARTICLE
Joan Cunniff
Econometricizins
Automotive News
Detroit
Washington
National Association of Business Economists
Marcus Nadler
New York University
Worst blizzard in years leaves 14 dead
The Nebraska weekend blizzard caused at least 14 deaths, most in the Omaha area, with up to 16 inches of snow and winds to 60 mph. Roads were blocked, countless cars stranded, and officials worked to clear highways and city streets.
MENTIONED IN THIS ARTICLE
Omaha
Nebraska
Midwest
National Weather Service
Minneapolis
Florida
Iowa
Minnesota
North Dakota
Michigan
South Dakota
Ilinois
Rockefeller panel opens CIA spying probe Behind closed doors
The Rockefeller commission begins its inquiry into alleged CIA domestic surveillance with eight members led by Vice President Rockefeller. CIA Director Colby scheduled to brief on his agency's activities as a national probe starts amid uncertainty.
MENTIONED IN THIS ARTICLE
Washington
Rockefeller Commission
CIA
Nelson A. Rockefeller
William E. Colby
Colby
Commission
Democrats Outline Economic Plan For New Congress
House Democrats, wielding the largest margin in a decade, finalize economic and organizational plans for the new Congress. A task force on economic and energy issues will issue official recommendations as President Ford is set to unveil his economic program in the State of the Union at 1 pm EST Wednesday. The proposal reportedly includes a tax cut of undetermined scope and higher tariffs on imported oil.
MENTIONED IN THIS ARTICLE
Washington
Trp
House
Congress
Ford
Food stamp costs outpace benefits for families
Washington figures show a typical monthly food stamp allotment of 150 dollars costs 157 per month to feed a family. The Agriculture Department notes new proposals may raise costs further, with possible implementation by March 1. Severe Midwest and Southeast storms killed over 30 people. Spanish Premier Arias Navarro describes Franco as normal and mentally sharp at 82 while active in cabinet meetings.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Ford
Madrid
Carlos Arias Navarro
Francisco Franco
Arias Navarro
Franco
Reform law branded toothless without enforcement panel
Proponents attack the new election reform law as ineffective due to lack of appointed members to its enforcement commission. Reformers cite names floated for posts as evidence of cronyism rather than genuine cleanup.
MENTIONED IN THIS ARTICLE
Washington
Congress
Ford
McCarthy Runs for President as Independent in 1976
Former Senator Eugene J McCarthy declares his 1976 bid as an independent in Madison Wisconsin in front of about 400 supporters. The move follows another former senator Fred R Harris announcing a Democratic bid.
MENTIONED IN THIS ARTICLE
Madison
Wis
Eugene J McCarthy
Minnesota
McCarthy
Fred R. Harris
Oklahoma
Soviet May Try To Outshine US Space Mission
American space observers question if the Soviet Union will place a second cosmonaut crew in orbit during July’s U S Russian manned space mission. They say Salyut 4’s high orbit could extend life support and permit multiple crews aboard.
MENTIONED IN THIS ARTICLE
Washington
Soviet Union
United States
Nixon repays taxes for 1970 1972 IRS says
IRS spokesman reports former President Richard M. Nixon paid back taxes for 1970 through 1972 but has not paid an agreed sum for 1960. The agency ruled in April Nixon owed 432,786 back taxes for four years plus interest and a 5 percent negligence penalty. The total includes 148,061 for 1969 though the statute of limitations had expired.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Service
Richard M. Nixon
IRS
Nixon
Weather and planning may lift farm incomes in 1975
Dr. C Edward Harshbarger says good weather and careful planning can lift U S net farm income in 1975 though overall 1974 income likely stays below 25 billion dollars. The report notes shifts in meat and grain markets, high input costs, and inflationary pressures from late 1973 onward.
MENTIONED IN THIS ARTICLE
C. Edward Harshbarger
Federal Reserve Bank of Kansas City
U. S
Arab Oil
Harshbarger
Pega Oe Sidera
Msc Ee
Also Mentioned on This Page
Minneapolis, Minn
Nashville, Tenn
Nixon White House
Nashville
James F Neal
White House
U.S
Lahaina
AMC
East
Overland
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