Ford budget marks turning point in social reform plan
President Ford foreshadows a budget with revenue sharing and higher payroll taxes to fund Social Security increases. He proposes a welfare czar to standardize benefits and argues defense and energy take priority while warning against inflation. The plan faces early friction from Congress and critics over its fiscal impact.
MENTIONED IN THIS ARTICLE
Ford
Congress
Department of Health, Education and Welfare
Joint
Congressional Budget Committee
al Usman
Dore
House
Ways and Means Committee
Ex-Tappan executive Schrempf takes California post
David W. Schrempf, former vice president and CEO of Tappan Environmental Products in Elyria, will become executive vice president at Bactomatic Inc in Palo Alto. The firm, majority owned by Johnson and Johnson, makes automatic bacteria identification and measurement equipment for hospitals and food labs. Schrempf, 33, starts Feb 1. John W. Reece becomes Tappan Elyria president.
MENTIONED IN THIS ARTICLE
David W. Schrempf
Tappan Company
Elyria
Palo Alto
Calif
Schrempf
Bactomatic, Inc
Tappan
John W. Reece
Frick Co
Waynesboro
Eiffel designed Lima museum by French architect Eiffel
The Art Museum in Lima Peru housing pre Columbian Indian artifacts was designed by Alexandre Eiffel the French architect famed for the Eiffel Tower symbol of Paris
MENTIONED IN THIS ARTICLE
Lima
Peru
Kennedy & Cohen checks still valid despite store closures
A Kennedy and Cohen spokesman in Florida said payroll checks for former Cleveland area employees remain valid even as the Miami based chain closes at least 38 stores nationwide. Cleveland Trust Co. refuses to cash those payroll checks while the company faces a $21.7 million loan default with First National Bank of Chicago.
MENTIONED IN THIS ARTICLE
Cleveland
Kennedy & Cohen
Florida
Kennedy & Cohen Inc
Cleveland Trust Co
First National Bank of Chicago
Miami, Fla
Amherst Plaza
Cooper Foster Park Road
Rossbaugh Dr
Middleburg Heights
Alpha Dr
Highland Heights
Brook Park Says VW Negotiations Progressing
Brook Park confirms negotiations with Volkswagen over using the abandoned Tan Plant near Cleveland Hopkins as a VW auto plant. The city, which has held a $16 million option since 1974, is pursuing a manufacturer for the facility amid VW’s site reviews in several U.S. cities.
MENTIONED IN THIS ARTICLE
Cleveland
James Wilsman
Brook Park
Volkswagen
Cleveland Hopkins International Airport
U.S
Wilsman
Wall Street Opens with Profit Taking in New Year Rally
Opening stock prices faltered as the Dow Jones Industrial Average slipped slightly and NYSE losers outpaced gainers about two to one. Reports note ongoing profit taking and caution after a robust start to the year with Farmers and grain markets also showing variable quotes from Ohio to Chicago.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
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Tappan Exec
California
Johnson and Johnson Company
Eiffel Designed
Pierre R. Smith & CO
Lorain
PEW Stock Exchange
E.S.T
Ohio
Britain
London
Heathrow
Bahrein
Persian Gulf
British Air
Air France
Paris
Charles de Gaulle
Rio de Janeiro
Mutuals
Allstate
Dreyfus Fd
Fidelity Trend
Broadway
Loram
Amherst
Wall Street
Columbus
Whig
USDA
Chicago
Midwest
Lorain County Farm Bureau Cooperative Association, Inc
Lebanon
Kresges
Ta Kroger Lof Batat
Ligg My Blthe Airco
Lyke Ying
UN Cp
Aller Mara Onldebe
Marcor Ona
UN McDon
Adam Ohio
Am Motors Bratt
T&t
Owen Illandrh
Penn Cent Taun
Armco
Penney
Asbl
PepsiCo
Wats
Pfizer
Aveo
Phil Morr
SBS
Babck
Phull
Bendix
Alls
Boeing
Pullmn
Borden
Ralston
RCA
Chessie
Rockwl
Sears
Shell Oil
Dresser
DuPont
Eaton
Exxon
Greyhound
Gulf
Gulf Oi 24un Hercules + Inger R 7un IBM 2524+2% Int Harvin Annick
JhnMan
Ma Joy
Romaers
Singer
Bday
Sou Pac
Advan Sperry
St Brands Eyes Sud
Ind
Bhay Sloiloh
Pierre Smith Co
American Machine Foundry
American Ship Building
American Standard Bendix
CPC International. Inc
Dart
Ady Emerson Fruehaut
Gaddrich
TC Industries
Kewahee Industries
Koehringy
Lear Siegle
Tel National Gypsum
Ohve Edison
Richmond Corps
Searle
G.D InCu
Smucker Ta Sybrontes Tappan
Toledo Edison
Union Pacific Corp
Victor Comptameter
Woolworth
P.W
Western Reserve Mortgage Corp
Elyria Savings Building
Paula Carpenter
Paula
Ohio Edison
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