Nixon proposes end to all savings interest ceilings
President Nixon urged Congress to remove interest rate ceilings on passbook savings deposits and allow banks and savings and loan associations to pay higher rates. The plan would phase out ceilings over 52 years and authorize NOW accounts for checking services, part of a broader financial system reorganization aimed for September submission.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Savings and Loan
Congress
Savings and
National Association of Home Builders
Jenners Faces Water Crisis as Tanks Leak and Pumps Fail
In Jenners Pennsylvania a aging water system risks closure due to a failing pump, rusting tanks, and rising chemical costs. The three hydrants may be insufficient for emergencies while mine seepage fears prompt engineers to advise caution. plans for renovation have lingered since 1970 amid rate hikes and financial strain.
MENTIONED IN THIS ARTICLE
Jenners
Allen Shandor
Jenners Water Company
Consolidation Coal Co
Jenner
Shandor
Listie
Francis Neilan
Neilan Engineers Inc
Boswell
Jenners Township
Ralph Persahn
Jenners Engineers Face Grant Freeze Halting Water Project
Jenners Engineers prepared to bid for a water works project as Farmers Home Administration grants were cut off by a Nixon era federal freeze. Jenners ranked second for grants but a cut off date caused their application to miss by days. Senator Hugh Scott failed to intervene. Water plans must be revised for higher costs while the town risks water absence.
MENTIONED IN THIS ARTICLE
Jenners
Farmers Home Administration
Nixon
FHA
Department of Agriculture
Pennsylvania
Hugh Scott
Scott
Whitehouse
Unemployment Rate Dips as Joblessness Improves Nation
The Labor Department reports July unemployment at 4.7 percent, down from June's 4.8, with total employment steady at 84.6 million. White unemployment fell to 4.1 percent while Black unemployment rose to 9.3 percent. average weekly earnings rose to 146.65 dollars.
MENTIONED IN THIS ARTICLE
Labor Department
Flood Control Funds Approved for Somerset Area Projects
The U S Senate backed over 600 000 for flood control in Southern Alleghenies counties led by 518 000 for Youghiogheny River Lake maintenance and 120 000 for Monongahela Youghiogheny Basin studies Senator Hugh Scott urged White House approval of broader funding and cited district industrial environmental viability Also funded were 4 98 million for Raystown Lake protection 800 000 for Tyrone 15 000 for Johnstown projects
MENTIONED IN THIS ARTICLE
U.S. Senate
U.S
Hugh Scott
Southern
Alleghenies
Sen
Scott
Youghiogheny River Lake
Monongahela- Youghiogheny
White House
Senate Committee On Appropriations
Raystown Lake
Huntingdon County
Tyrone
Blair County
Johnstown
Cambria County
Shanksville School Board Votes to Borrow Operating Funds
The Shanksville-Stonycreek School Board in special session approved a resolution to borrow up to 100000 dollars from County Trust Co Somerset. Superintendent Lewis Hillard said at least 35000 dollars were needed to meet August payroll and bills with 65000 dollars awaiting state funds on August 30.
MENTIONED IN THIS ARTICLE
Shanksville-Stonycreek
County Trust Co
Somerset
Lewis Hillard
Hillard
Somerset County Tax Assessment Office
First National Bank of
Somerset County
Shanksville
County Trust
First National
Edgar Barkman
Betty Blough
Skylab 2 Astronauts Begin First Full Day of Experiments
Skylab 2 astronauts Alan L. Bean Jack R Lousma and Owen Garriott conducted a full day of experiments using cameras on earth and distant star fields as launch preparations speeded up for a potential emergency rescue mission.
MENTIONED IN THIS ARTICLE
Space Center
Houston
Alan L. Bean
Jack R. Lousma
Owen Garriott
Earth
Also Mentioned on This Page
Aaa
George Lear
Pat Strauss
Talahassee
Fla
Moraine State Park
Ok’d
Shanksville School Board
Ann Landers
Joyce Brothers
Women’s News
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