Carter budget proposal outlines 1979 fiscal plan
President Carter’s fiscal 1979 budget requests total outlays of 500.2 billion with receipts of 439.6 billion and a 60.6 billion deficit. Defense climbs to 115.2 billion as HEW tops agencies with 181.3 billion. energy programs rise to 12 billion and a strategic oil reserve begins. Unemployment forecast at 5.8 percent, inflation-adjusted defense growth to support NATO, and social programs include teen pregnancy prevention.
MENTIONED IN THIS ARTICLE
HEW
Strategic Petroleum Reserve
Debt Share Is Four Thousand Seven Bolts for All Americans
Washington AP reports that 218 million Americans would owe about 4007 dollars each to pay off the national debt, with roughly 224 dollars per person needed for interest in 1979. The total debt is projected at 873.7 billion and annual interest about 48.99 billion, though no one will be asked to pay this directly as the debt is owed to the public via bonds and notes.
MENTIONED IN THIS ARTICLE
Washington
Carter
Kidnapping of Belgian Baron Edouard Empain in Paris
Gunmen on a motorcycle and a truck blocked the Baron Edouard Empain’s chauffeur driven car in a Paris street and abducted the Belgian industrialist, a leading figure in the Empain Schneider group. The chauffeur was beaten and hospitalized. No ransom has been reported two hours after the abduction.
MENTIONED IN THIS ARTICLE
Paris
Edouard Jean Empain
Europe
Empain
Empain- Schneider Group
Israel Egypt Talks Halt As Weizman Sidelined
Israel matched Egypt by suspending talks between foreign ministers in Jerusalem and refused to restart the Cairo defense ministers meeting. Secretary Vance expects negotiations to resume soon after the Israeli cabinet voted against sending Defense Minister Ezer Weizman to Cairo to discuss Sinai return.
MENTIONED IN THIS ARTICLE
Jerusalem
Israel
Egypt
Cairo
Cyrus R. Vance
Vance
Washington
Ezer Weizman
Sinai Peninsula
Soviet unmanned craft delivers goods to two cosmonauts
Moscow reports a new step toward longer manned space missions as an unmanned automatic vehicle delivers supplies to cosmonauts orbiting above 150 miles. Tass, the official news agency, says this will improve supply efficiency and operation of orbital complexes.
MENTIONED IN THIS ARTICLE
Moscow
Tass
Carter Budgets Lean And Tight Top Half Trillion
President Carter sent Congress the first full budget of his term calling it lean and tight yet adequate to meet needs. The 1979 plan totals just over 500 billion dollars with a 462 billion dollar current year outlay and a near record deficit projected for 1979. It includes 25 billion dollars in tax cuts starting Oct 1 and aims to reduce the federal share of GNP to 21 percent eventually. Defense rises modestly in real terms with about 126 billion requested for future spending, while current outlays run around 105 billion.
MENTIONED IN THIS ARTICLE
Washington
Carter
Congress
Carter Aims At 6 Percent Inflation And 5.8 Percent Unemployment
President Carter's 1979 budget sets a 5.8 percent unemployment and 6 percent inflation goal within two years. It projects GNP reaching $2 trillion in 1978 and suggests full employment may never return to 4 percent, with 4.9 percent now and possibly 4.7 by 1983. The plan targets gradual year by year reductions of both rates, while noting December joblessness at 6.4 percent and CPI at 6.8 percent.
MENTIONED IN THIS ARTICLE
Washington
Carter
Congress
Market Declines Despite Carter Tax Plans In Quiet Session
New York markets drifted lower in a calm day of trading as investors shrugged off President Carter's tax and budget proposals. The Dow fell 3.72 to 773.22 at noon with losers leading gainers 6-5 on the NYSE while the composite index slipped to 49.53 and the Nasdaq-equivalent edged higher. Officials projected 1978 and 1979 targets for unemployment inflation and GNP, arguing a $25 billion tax cut is needed to sustain 4.5-5 percent growth and avoid a dip in employment.
MENTIONED IN THIS ARTICLE
New York
Carter
New York Stock Exchange
Congress
NYSE
American Stock Exchange
Tryouts for Barefoot in the Park at WTC Theatre
Tryouts run 6 to 8 p m today and Tuesday for Barefoot in the Park at WTC Theatre Dinner the atre production set for March in the Fine Arts Theatre. Technical crew and cast hopefuls urged to attend contact Jeanne Kobuszewski speech and drama director at 573 8511 extension 233 for details.
MENTIONED IN THIS ARTICLE
WTC
Fine Arts Theatre
Jeanne Kobuszewski
Tractorcade encircles courthouse to urge consumer attention
About 75 tractors circled the Scurry County courthouse for five hours from 6:30 to noon in a peaceful protest led by farmers. Rodger Blackard said the aim was to persuade consumers without hurting business, and that the action should suffice for now.
MENTIONED IN THIS ARTICLE
Blackhard
SDN
Weather Outlook From Snyder and North Texas
Cloudy conditions in Snyder with a 34 degree high and 21 degree low on Saturday. Sunday brings a 51 degree high and 27 degree low with no precipitation. 7 am readings show 28 degrees. North zones stay mostly fair then cloud up with light snow possible in the north Tuesday. south remains partly cloudy with scattered rain and possible snow at high elevations. Temperatures rise today then fall Tuesday, with north regions warmer today and much colder north on Tuesday.
MENTIONED IN THIS ARTICLE
Snyder
West
Texas
Court In Middle On Legal Fees
The Supreme Court ruled unanimously that defendants who win civil rights suits may recover legal costs if the suit was frivolous or without foundation. Justice Potter Stewart wrote that judges should not presume a winning defendant acted unreasonably after settlement and that Congress has allowed discretion to award fees in protecting civil rights.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
Potter Stewart
Congress
Stewart
Northern Electric to hire for Snyder plant site in former Wickes Building
Northern Electric Co. plans to begin hiring supervisory personnel first for its new Snyder plant, with production workers to follow. An office will operate in the former Wickes Building as crews prepare the site, and an official schedule will be announced in news media. The Laurel Miss. firm, a global auto blanket maker, chose Snyder over 33 cities for its site, citing a suitable building, tax rate, community support, utilities, and labor supply.
MENTIONED IN THIS ARTICLE
Northern Electric Co
Snyder
Wickes
Snyder Chamber of Commerce
Northern
Jimmy Daniels
Daniels
Laurel
Miss
Mississippi
Matamoros
Mexico
Dan Thompson
Also Mentioned on This Page
GNP
U.S
North Atlantic Treaty Organization
Public Service
THE
Snyder Daily News
Snyder, Texas
Blackard
North Snyder
Northern Electric
Great Britain
Canada
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