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01 Jan 1971
Page 1
The Chronicle Telegram in Elyria, Ohio
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This newspaper page contains 10 articles. Subscribers can read the full text of each article.
Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jan 01, 1971
Page
1
Nation Suffers Inflation and High Interest in 1970
A year review notes persistent inflation and tight money policy under the Nixon administration. High interest rates slowed housing and capital spending, with unemployment rising: 5.2 percent nationally and 3.8 percent in Ohio, though insured unemployment in Ohio remained lower than the national rate. It also observes the enduring Ohio-U.S. unemployment gap amid a shift in labor force participation and cites page 3 column 7.
MENTIONED IN THIS ARTICLE
Nixon
Congress
U.S
Ohio
Bulletin of Business Research
Ohio State University
SST pact clears path for Congress to quit impasse
Senate leaders end deadlock on SST subsidies amid New Year filibuster threat. Proxmire agrees to drop a blockade in exchange for a January vote on the subsidy. House and Senate plan sessions to finish the $2.7 billion Department of Transportation bill.
MENTIONED IN THIS ARTICLE
Washington
Senate
House
William Proxmire
D-Wis
Department of Transportation
Department
White House
Senate House
Nixon approves airline merger amid broader policy actions
President Nixon approved the merger of Northwest Airlines and Northeast with a route network from Tokyo to Florida. He also approved the Trans Caribbean Airways and American merger. Both take effect immediately as congressional debates over subsidies, foreign aid, and welfare reforms continue in 1971.
MENTIONED IN THIS ARTICLE
Washington
API
Nixon
Northwest Airlines
Northeast
Tokyo
Florida
Trans Caribbean Airways
American
Wilbur Mills
House
Ways and Means Committee
Senate
Mills
Mike Mansfield
Soviet Union halts death sentences for hijack plot men
The Supreme Court of the Russian Federation set aside the death penalties for Mark Dymshits and Edward Kuznetsov in the 1961 hijack case. They will serve 15 years with strict conditions and limited visitation. Israeli premier Golda Meir welcomed the decision, while the World Jewish Council criticized it as tantamount to a death sentence.
MENTIONED IN THIS ARTICLE
Moscow
Soviet Union
Israel
Golda Meir
Paul VI
World Jewish Council
London
Supreme Court of the
Russian Federation
Leningrad
Mark “Dymshits
Edward Kuznetsov
Iosif Mendelyevich
Ari Khnokh
Anatoly Altman
Sylvia Zalmanson
Israel Zalmanson
Alexei Murzhenio
Yuri Fyodorov
Boris Penson
Mendel Bodny
Record Market Turnover Sets 1970 High on NYSE Year
The New York Stock Exchange closed the year with moderate turnover yet marked 1970 as the busiest year on record, surpassing 1968’s peak. The Dow stood at 837.76, with 728 declines and 617 advances among 1648 issues. Penn Central and several others traded actively amid year end portfolio adjustments.
MENTIONED IN THIS ARTICLE
NEW York
UPI
New York Stock Exchange
Federal National Mortgage
American Telephone
Occidental Petroleum
Trans Continental Investing
Penn Central
Senate
Completion of phase one of Elyria housing project
Workmen install siding as the first of eight phases of the Fuller Road project nears completion. The development will provide 200 housing units for low income residents in Elyria. More photos on page 27.
MENTIONED IN THIS ARTICLE
Fuller Road
Elyria
Viet Cong breaks New Year truce amid deadly Vietnam clashes
In Saigon a 24 hour allied cease-fire began as Viet Cong forces violated a 72 hour truce. Viet Cong bombings and raids across Vietnam and Laos killed over a score of people and disrupted expected North Vietnamese spring plans. U S officials said bombing raids on the Ho Chi Minh trail destroyed trucks, fuel and munitions and may blunt an offensive.
MENTIONED IN THIS ARTICLE
Saigon
Vietnam
United States
Nixon
U.S
Ho Chi Minh Trail
Laos
Hanoi
Cambodia
South Vietnam
Navy
Austria Blames Nips for Ski Slope Carnage
AUSTRIA accuses Japan of ski slope carnage while the NARCOTICS crackdown tightens overseas. BRITAIN adopts decimal money on Feb 15 with Miss 914-610-914 opposing the change. SPANISH-SPEAKING children struggle in English studies and may be unjustly labeled mentally retarded.
MENTIONED IN THIS ARTICLE
Britain
Five maxiweekends coming this year
Washington AP reports a Monday holiday plan creates maxiweekends with five three day breaks. Forty five states have adopted the shift to three day weekends with several states still considering in January. The federal law of 1968 governs federal workers, private industry follows suit, boosting travel and do it yourself sectors.
MENTIONED IN THIS ARTICLE
Washington
Congress
Louisiana
Oklahoma
South Dakota
West Virginia
Wisconsin
Discover America Travel Organizations
District of Columbia
Also Mentioned on This Page
Lorain County Printing and Publishing Co
Proxmire
Sion
Spain
TASS
Sweden
Finance Services
Ratres
John Kenney
By Robert Tuckman
Austria
Nips
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