Social Security faces funding shortfall says official
Washington reports confirm that Social Security will pay out more than it takes in next year with a $3 billion shortfall. Commissioner Cardwell warned reserves could exhaust by 1980 without congressional action while noting time for both short and long term fixes. He opposes using general funds and expects Ford administration proposals on May 20.
MENTIONED IN THIS ARTICLE
Washington
James B. Cardwell
Cardwell
Congress
Ford
Advisory Council On Social Security
Ford Administration
Health, Education and Welfare
Caspar Weinberger
White House
Ford faces scrutiny over Indochina refugee plan
President Ford seeks up to 150000 Indochina refugees with a $508 million request drawing sharp questions in Congress. Subcommittee chair Joshua Eilberg warns of soul searching for more precise cost data while Elizabeth Holtzman presses for screening of war profiteers and killers among entrants. Ambassador L Dean Brown defends urgency noting $98 million already available will run out in a week.
MENTIONED IN THIS ARTICLE
Pagel
Vietnam
United States
Scott
McGovern
Ford
Indochina
Congress
Joshua Eilberg
D-Pa
House Immigration Subcommittee
Eilberg
South Vietnam
Cambodia
Subcommittee
Elizabeth Holtzman
L. Dean Brown
Lorain to Host Fourth Millionaire Drawing Event
Lorain officials announce the fourth millionaire drawing after 120 million tickets sold since last August. Contestants include Dewitt Peters North Ridgeville Bruce Davis Oberlin William Anton Wellington Elton Becker North Olmsted with out-of-state entrants from Kentucky Indiana and West Virginia. Winners receive 1000 to 1000000 dollar prizes based on finish, with the top prize 1 million.
MENTIONED IN THIS ARTICLE
Kentucky
Indiana
West Virginia
Ohio
Snowstorm Grounds Sunbathing in Salt Lake City
Christine Sorbonne a 26 year old dressed for sunbathing found the weather uncooperative as a late spring storm buried Salt Lake City under 61 inches of snow. It marked the heaviest May snowfall in the city’s history.
MENTIONED IN THIS ARTICLE
Christine Sorbonne
Salt Lake City
Red Cross seeks funds for Vietnamese refugees
Lorain County American Red Cross accepts monetary gifts to aid Vietnamese refugees and those in Guam and the Philippines as well as U.S. recipients. Gerald Bennett notes local contributions will be forwarded to national or international headquarters and used for food shelter clothing and medical care. Donations should indicate refugee relief and may specify Vietnam Guam the Philippines or the United States.
MENTIONED IN THIS ARTICLE
Lorain County
Elyria
Robert Fetterman
Rt-57
Holiday Inn
Advisory Council
P.O. Box
American Red Cross
Red Cross
Vietnam
Guam
Philippines
Gerald Bennett
United States
Refu
South Vietnam
Cambodia
Bennett
Southeast Asia
River Road N
U.S
AmShip Q2 earnings rise from Q1 but fall vs prior year
Lorain American Ship Building Co reports second quarter net income of 215000 dollars or six cents a share on 26.61 million dollars in revenue, below 1974 Q2 profits of 289000 dollars and 10 cents a share on 21.27 million. Six-month earnings total 235000 dollars or three cents per share, versus 1.2 million or 52 cents a year earlier.
MENTIONED IN THIS ARTICLE
Bendix Corp
W. Michael Blumenthal
Blumerithal
Ohio Nuclear, Inc
Technicare Corp
Cleveland Clinic
Technicare
Ohio Nuclear
Invacare Corp
Elyria
Lodi
Dart Industries, Inc
Dart
B.F. Goodrich Chemical CO
Lorain — American Ship Building Co
Ohio grain and poultry prices steady at market close
Ohio price listings show Northeast and Northwest regions with No 2 wheat around 2.76 to 2.80 per bushel and soybeans near 4.88 to 4.96, all sharply lower or lower. Central Ohio and retail cartons report small changes. New York dairy and egg prices cited amid wholesale trends. Lorain County figures list wheat 2.70, corn 2.47, oats 1.50, soybeans 4.82. A lobster fact notes its shell size does not grow with the body.
MENTIONED IN THIS ARTICLE
Ohio
Northwest
Columbus
Ohio Cities
New York
USDA
Lorain County Farm Bureau Cooperative Association
Ino
New York Stock Exchange
House
Alan Greenprofit
UPI
Exxon
Firestone
Ind
Ford Motors
Ally Power
Gen Dynamics
Allis Chalmers
Gen Electric
Am Airlines Ou
Am Brand
Mat Gia Meurs
Goodrich
Goodyear
Am Motors
Gulf Oil
Beth Steel
HiCen
Boeing
Ing Rand
Celanse
IBM Corp
Chrysler Cp
Int Harvester
CinGas
T&t
CocaCola
Jov Mig
Kencott
Colgate
Col Gas
Kopper Tms
Cmw Edison
Kraft
Con Edison
Ay Kroger
Mobil Oil
Motorola
Curtiss
Nabisco
DuPont Ab
Norfolk
East Kodak
Owen Il
Pan Am
Penn Gentral
Penney
Proct & Gamble
RAC Corp
Rep Steel
Rockwil
Sears
Sp Rand
Mutuals Standard
Ind Dada
Vy Allstate
Sid
Dreyfus
Teneco
Fidelity Trend
Texaco
Air
OSL
UAL Inc. Life Ins
Goa
Union Carbide
Uniroyal
Sec
Grth
US Steel
Putnam Funds
West Electric
Wash Mutual
Windsor Fd
Also Mentioned on This Page
David Hess
Knight Newspapers
Lorain
Bruce Davis
Willowbrook Rd
Oberlin
William Anton
Wellington
Elton R. Becker
Gulf Rd
Albert N. Lobsche
Gessner
North Olmsted
Alice Cooper
Cindy Lang
Madison Square Garden
Area Business News
Upso N Downs, Inc
Midway Mall
Gray Drugstore
Cleveland
Akron
Dayton
Hugh Downs
Columbia Gas System
Lloyd McIntire
Columbia Gas of
Eee
Serell
Berain
Cleve
J.C. Insurance Bar Bonding Agency
Middle Ave
Alyra, Ohio
Mid-Ohio
Lerain
Ecurities Corp. of Securities Dealers Inc
Tyre
SI Browd
AmShip
George M. Steinbrenner III
Tampa
Fla
Richard Nixon
Finance
Loran
Wall Street
Pierre R Smith
Ai American Machine & Foundry
American Ship Building
American Standard
Bendix
Chromalloy
Cities Service
CPC International, Inc
Dart Ind
Emerson
Fruehaus
Central Ind
Kewanee Oil
Koehring
Lear Siegler
National Gypsum
Ims
Ohio Edison Wa Searle
G.D
Sybron Tappan
Toledo Edison
Union Pacific Corp
Victor Comptometer
Woolworth F.W
the Chronicle-Telegram
East Avenue
Bob Meyers
NEW York Life Insurance Company
Life Inurance
Ramvitin
Wealth Invrance
Pendle Pom
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