New federal closing cost law may slow Southern Illinois real estate
A new federal rule requiring 12 day advance notices of closing costs and itemized statements could delay property sales in Southern Illinois. Lenders report missing forms and books, with some banks already receiving materials while others wait. The law, effective immediately, demands detailed cost breakdowns and a guidebook for buyers, risking higher fees and slower market activity.
MENTIONED IN THIS ARTICLE
O.R. Walley
Southern Illinois
Douglas Bryant
First Federal Savings and Loan Association of Herrin
Rate of price increases drops in May report
The Labor Department reported consumer prices rose four tenths of a percent in May, with the 12 month rate dipping under 10 percent to 9.5. Gasoline, used cars, and meat led gains while most foods softened except beef and eggs. Real spendable earnings rose 4.4 due to tax cuts. The report notes small increases in nonfood commodities and services, and other economic data include corporate after tax profits down and a debt ceiling hike moving toward $577 billion.
MENTIONED IN THIS ARTICLE
Labor Department
Commerce Department
Bread price war erupts in Lynnwood under dime loaves
In Lynnwood Washington a price war drives bread to 10 cent loaves as stores slash prices from 99 cents to 96 and then to a dime. Crowds flood bakery aisles with shoppers snatching up stock faster than it is replenished and managers warn of losses. One store offered 20 cents to customers buying $10 of groceries to buy bread at other outlets.
MENTIONED IN THIS ARTICLE
Lynnwood
Wash
ERA vote falls short in Illinois Senate after postponed decision
The Illinois Senate failed to pass the Equal Rights Amendment with 28 voting yes and 30 no on a 36 vote threshold. Sen. Cecil Partee postponed further consideration, denying an official roll call. Unofficially, several lawmakers supported ERA while others opposed it, as the body pressed toward adjournment and tackled related bills.
MENTIONED IN THIS ARTICLE
Lindsay-Schaub
Springfield
Illinois Senate
Senate
Cecil Partee
Chicago
Kenneth Buzbee
Dcarbondale
Vince DeMuzio
Dcarrigville
Partee
House
Illinois General Assembly
Illinois
Doggy Pill Offers Litter Control Option
A veterinary birth control pill for dogs joins spaying and castration as a method to control population. The pill requires a veterinarian prescription and eight days of controlled dosage before heat, and it is relatively expensive, with Dr. Edward Michelitch of Great Falls Virginia estimating up to $30 a year.
MENTIONED IN THIS ARTICLE
Washington
Edward Michelitch
Great Falls
Israeli plan rejected by AP over Gaza Golan annexation
The Associated Press reports Egypt and Syria rejected an Israeli negotiating formula that includes annexing the Gaza Strip and the Golan Heights.
MENTIONED IN THIS ARTICLE
Associated Press
Egypt
Syria
Gaza Strip
Golan Heights
House Energy Bill Advances to Senate in Fall Outlook
The House passed energy legislation without a gasoline tax hike and awaits Senate action likely in October before sending a final version to President Ford. Key author Rep. Ullman says the bill aims to move toward a long term energy base while critics call it nonpolicy. hearings may start mid July with a 291-130 vote in favor and targets fuel economy standards through 1985 plus tax cuts for home insulation and a new energy fund for research.
MENTIONED IN THIS ARTICLE
Washington
Senate
Congress
Ford
al Ullman
D-Ore
Ways and Means Committee
House
Sam Gibbons
D-Fla
Barber B. Conable
New York
GOP
Ways and Means
Ullman
Transportation Department
Weekend Weather Outlook With Heat and Humidity
Tonight expects fair warm and humid conditions with lows around 72. Saturday remains mostly sunny and hot with highs near 95. Sunday stays hot and humid with daytime highs in the 90s and overnight lows in the 70s.
Colby says no CIA personnel likely to be prosecuted
Director William Colby of the Central Intelligence Agency says he expects no CIA workers will be prosecuted or convicted for illegal domestic activities exposed by the Rockefeller Commission. He notes gray areas in law and defense of duties, while urging stronger congressional and executive oversight.
MENTIONED IN THIS ARTICLE
Washington (Ap
William E. Colby
Central Intelligence Agency
CIA
Rockefeller Commission
Colby
Justice Department
Atty
Edward H. Levi
Rockefeller Panel
Ford
Levi
U.S
Congress
Executive Branch
America
Rail union postpones nationwide strike to July 21
The Brotherhood of Railway and Airline Clerks agrees to delay a threatened nationwide strike until July 21 after all night talks with W. J. Usery Jr. and industry representatives. No further talks are planned. Usery requested the 30 day postponement. the session involved BRAC leaders and other mediators.
MENTIONED IN THIS ARTICLE
Washington
Railway Clerks Union
W. J. Usery Jr
Ford Administration
Usery
Represen
Brotherhood of
George Ives
National Mediation Board
BRAC
C. L. Dennis
William H. Dempsey
National Railway Labor Conference
Sob story works burglars give $20
Two would be burglars fell for a phony sob story and gave $20 to the homeowner. Mrs. Joseph McCabe told deputies she surprised them as they stole a table and articles from an unoccupied Jackson, Michigan house. She described claiming hardship, a hospital bill, and a broken water pump to make them relent.
MENTIONED IN THIS ARTICLE
Joseph McCabe
Jackson County Sheriff’s Deputies
Also Mentioned on This Page
Harry Rodd
Community Savings and Loan Association of
Marion
Washington, D.C
Rodd
Jesse Hill
Bank of Marion
Hill
Byrant
Interst
Bryant
HUD
Ron Rahming
Southern Illinois Savings and Loan Association of
Murphysboro
Rahming
Timmy Horkay
Saratoga Springs, N.Y
Timmy
House Ways and Means
Senate’ Executive Committee
Esther Saperstein
Cook County
Jackson, Mich
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