Ford cites bottom of recession as economy heads up
President Ford told business leaders the worst recession since the 1930s is ending and growth will follow inflation. Treasury Secretary Simon said recovery is ahead of schedule though output lags, with May industrial production down 0.3 percent and steel down about 10 percent.
MENTIONED IN THIS ARTICLE
Washington
Ford
National Federation of Independent Business Conference
Treasury
Wiliam E. Simon
Federal Reserve Board
Simon
Walker Urges Targeted Cuts to Trim State Spend
Springfield Governor Daniel Walker says the legislature must cut General Revenue Fund spending by 250 to 300 million dollars, with six percent across the board. Lawmakers push selective cuts to agencies while Walker warns selective reductions risk Pandora’s box and lobbies.
MENTIONED IN THIS ARTICLE
Lindsay-Schaub
Springfield
Daniel Walker
Walker
House
Senate Appropriations
House Appropriations Committee
Commission On Children
General Revenue Fund
SEC probes payments by defense contractors in major review
The Securities and Exchange Commission is investigating the 25 largest defense contractors for possible improper payments at home and abroad. Senator Proxmire asked for a detailed records review to uncover unusual payments and possible slush funds in the last five years. Gulf Oil and Rockwell discuss joint ventures and a potential merger, which would reshuffle Fortune 500 rankings.
MENTIONED IN THIS ARTICLE
Washington
Securities and Exchange Commission
SEC
Ray Garrett Jr
Division of
Corporation Finance
William Proxmire
D-Wis
Senate Banking Committee
United States
Proxmire
Rockwell International Corp
Rockwell
Gulf
Rockwell Securities
Fortune
Texaco
Mobil Oil
Sadat calls for united guerrilla front in Middle East
President Anwar Sadat praised President Ford and urged the Palestine guerrilla movement to form a provisional government so the United States could deal with it. In remarks to An Nahar he said Washington could initiate contacts with a provisional government. A PLO spokesman in Damascus criticized Kissinger for not recognizing the PLO.
MENTIONED IN THIS ARTICLE
Associated Press
Anwar Sadat
Ford
Palestine Guerrilla Movement
U.S
Salzburg
Austria
Beirut
An Nahar
United States
Washington
Damascus
Palestine Liberation Organizations
Henry A. Kissinger
PLO
Kissinger
Public Broadcasters Service
Middle East
Illinois House and Senate Advance No Fault Auto Insurance Plan
Illinois Senate approved a no fault auto insurance bill sent to the House, aiming to require all motorists carry no fault coverage and obliging insurers to offer it. The minimum liability would rise from 10000 to 20000 dollars for bodily injury. House also moved a bill to criminalize sex for money at massage parlors.
MENTIONED IN THIS ARTICLE
Springfield
Illinois
Illinois Senate
Illinois House
Senate
Jack Beaupre
Bourbonnais
House
Robert Mann
Gas reserves records subpoenaed by congressional panel
Seven major natural gas producers were ordered to turn over confidential reserves data to a House subcommittee. The panel investigates whether industry underreports reserves to influence price approvals. FTC efforts to obtain the data have faced court defeats. a July 22 data deadline was set, with the American Gas Association promising compliance.
MENTIONED IN THIS ARTICLE
Federal Trade Commission
U.S
Federal Power Commission
The
Trade Commission
John E. Moss
Dcalif
House Commerce Subcommittee On Oversight and Investigations
American Gas Association
Industry Trade Association
FTC
Weather Outlook Ahead For Tonight And Wednesday
Tonight is partly cloudy and warm with a chance of showers and thunderstorms, lows in the lower 70s. Wednesday remains partly sunny, hot and humid with a chance of showers and thunderstorms, highs in the lower 90s.
Ex-inmate becomes deputy prisoner advocate for Illinois
Phillip Freeman, 32, a Chicago native and former inmate, was named deputy prisoner advocate for the Illinois Department of Corrections on May 16. He returned to Menard Correctional Center to investigate inmate complaints and advise on grievances, while pursuing a master's degree at Southern Illinois University Carbondale. Freeman emphasizes understanding prison life from both sides and balancing inmate rights with administration cooperation.
MENTIONED IN THIS ARTICLE
Gary Sosniecki
Phillip Freeman
Illinois Dept of Corrections
Freeman
Chicago
Allyn R. Sielaff
House of Glass Wor
Carbondale
Pon
Tiac
Joliet
Stateville
Vienna
Menard
Chester
Southern Illinois University
SIUC
Soner
Dept. of Corrections
Also Mentioned on This Page
Nick Norton
Texas A&m University
College Station
Tex
Northrop Corp
Northrop
Department of Defense
Gulf Oil Co
Korea
Gulf Oil Corp
Sadat
Department of Public Aid
House of Glass
State Administrative Review Board
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