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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
May 05, 1975
Page
1
Washington economists differ, but UPI indicators show inflation near 6 to 7 percent this year versus 12.4 percent in 1974. Unemployment rose to 8.9 percent in April, while employment increased 297,000 to 84.085 million. CPI edged up 0.3 percent in March, with food prices down 0.5 percent.
Balance of trade swung to a record 1.38 billion dollars in March from a 210.5 million deficit two months earlier as oil imports fell 58 percent from January to March. The United States now imports less oil than during last year’s Arab embargo, while the Commerce Department’s leading indicators index slipped 0.5 percent in March after a 0.6 percent rise in February. Turn to page 4 for full details.
Washington UPI report says the initial tax rebate checks worth 100 to 200 dollars will go out this Thursday. About 1.7 billion dollars will be disbursed in 13.7 million checks to early filers from 1974 returns.
Elyria had Youth Government Day with city officials guiding students. Fire Chief Lyle C. Scott assisted Laura Vilagi and Lisa Hoffman as they tried on firefighting gear during a morning drill, with officials hosting dozens of students to observe city government in action.
Partly cloudy conditions continue with a low in the mid to upper 40s tonight and a high in the mid to upper 60s tomorrow. 20 percent chance of rain, westerly winds 5 to 10 mph. Sunrise 5:28 a.m., sunset 7:29 p.m. Details on Page 7.
The United States and Thailand announced a 28 percent cut in authorized U S troop strength from 27 000 to 19 500 over the next two months signaling a major step toward withdrawing from Southeast Asia. The fate of 350 remaining U S bombers was not disclosed. Thai Foreign Minister Chatichai Choonhavan said Thailand would retain 130 South Vietnamese Air Force planes flown there by refugees and noted no talks had occurred yet with U S officials on the planes or next steps.
Moe Howard, the final surviving member of the Three Stooges, died last night at age 78 from lung cancer. The news appears on page 3 of the AP report, alongside broader Southeast Asia coverage including North Vietnam diplomacy, prisoner releases, and U.S. troop positions in Thailand.
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