Economists Predict Slowdown May Bring in 1974 Recession
Economists foresee inflation rising but moderating, unemployment edging up to around 5 percent, and a credit crunch unlikely. Some, like Milton Friedman and Albert Sommers, expect a possible moderate recession in 1974, depending on Federal Reserve policy and trade balance shifts. John Kendrick cautions a growth recession is likelier than a deep downturn.
MENTIONED IN THIS ARTICLE
Deborah M. Rankin
New York
Associated Pross
Milton Friedman
University of Chicago
Mate Laier
Ero
Friedman
Thail
Federal Reserve Board
Ence Board
U.S
Sommers
John Kendrick
Conference Board
Kendrick
Soaring Interest Rates Face Congressional Probe
The Mouse Bank ing Comittee led by Rep. Wright Patman plans hearings in September to study the financial system and credit access as prime rates hit a record high. Sen. Proxmire foresees a 1970s style recession, while Patman notes divisions but calls for improved credit delivery and potential reforms.
MENTIONED IN THIS ARTICLE
Peggy Simpson
Associated Press
Washington (Ap
Wright Patman
Ue Banking Committee Glafs
Congress
Pat
Patman
Offman
Tember
Nixon
William
Proxmire
D-Wis
Sugar Ray Robinson Last Fight in Pittsburgh November
Readers recount Sugar Ray Robinson a three time middleweight star fought Joey Avelli in Pittsburgh on November 1 1965. He was knocked down twice and lost the decision amid fans calling for Archer.
MENTIONED IN THIS ARTICLE
Sugar Ray Robinson
Joey Aveler
I Pitttsburgh
Jie
Archer
Rick Tiger
Hut Robinson
Io Dhe
Sugar" Ray
Nixon Orders Full Report On Homes
Washington AP. President Nixon ordered a full accounting of secret costs of the presidency and hired a private firm to detail the acquisition of homes in San Clemente California and Key Biscayne Florida since taking office. Officials disclosed nearly 10 million dollars since 1980 for security and related work, with a 10 page breakdown noting some odd items such as four decorative pillows and a pool cleaner.
MENTIONED IN THIS ARTICLE
White House
Secret Service
General Services Administration
First
Tmne
Gerald J. War- Ten
Nixon
Yas
San Clemente
Calif
Key Bixcayne
Fla
Warren
Mixon
Robert M. Adplawalp
Sampson
Sai Clemente den
Dollar Value Up And Down In Europe
The dollar opened higher in London Paris and Zurich but weakened as the day progressed. It strengthened at first then dropped, with the Frankfurt price falling from 2.3850 marks to 2.3640. The pound slid from 2.4920 to about 2.2475, and gold fell about $1 in Zurich to 226.50 francs and 75 cents in London to 114.75.
MENTIONED IN THIS ARTICLE
London
Europe
Paris
Zurich
West
Germany
Frankfurt
Zurtek
Shoppers stock up on meat amid rising prices and shortages
Nationwide reports show shoppers stocking up on meat fearing higher prices and possible shortages. Grocers limit ground beef and roasts, while federal officials keep the price freeze in place. Navy bases and New York City report shortages and rationing as inspectors note rising American meat purchases from Mexico and Canada.
MENTIONED IN THIS ARTICLE
Associated Press
New York City
Navy
San Francisco
Cost of Living Council
Prn U.S. District Court
Robert F. Peckham
Pacific Meat Jobbers Association
Washington
Treasury
George P. Shultz
Spokane
Wash
Bill Scalise
U.S
California
Tijuana
Mexico
Tjuana
Albany
N.Y
Quonset Point
R.C
New England
Rhode Island
Connecticut
Massachusetts
New York
Culberston
Amalgamated
Rae Mortaidon
Astronauts Return To Experiments After 60 Hour Space Walk
Skylab 25 astronauts resume experiments in orbit after a 60 hour space walk that set a record. Garriott and Lansma loaded telescope cameras and studied the sun, while a new sunshade was raised. Problems in Skylab 2’s systems persist, but experts deem the craft still operable as NASA prepares contingency steps.
MENTIONED IN THIS ARTICLE
Howard Benedict
AP Aerospace
Winter Space Center
Houston
Skylab 25
Alan J. Beau
Owen K. Garriott
Jack H. Lansmaa
Garriott
Lansma
Skye Lab 1
Dune
World
Skylad
UN Ne
Earth
Space Agency
Cape Kennedy
Athens Airport Attack TWA Passengers Killed by Arabs
In Athens two gunmen linked to Black September attacked a line of TWA passengers bound for Tel Aviv, killing three and wounding five before surrendering. Police identified assailants as Mohammed Zemad, a Palestinian refugee, and Talal Kadooral, an Egyptian native. They claimed ties to Black September, which Beirut denied. Authorities planned trials for the killings.
MENTIONED IN THIS ARTICLE
Athens
Greece
Urey
Israel
Trans World Airlines
Tel Aviv
New York
New Jersey
Middle East
Black September
Beirut
Casto
Ay al Mobarver
Ak Mohammed Zemod
Talal Kadooral
Egypt
Zemad ‘Eld
Libya
Thettack
Kadooral
Kremlin rails at China's foreign policy
The Kremlin denounces Peking’s foreign policy as dangerous and reveals China has divorced itself from Marxism Leninism. A Kremlin spokesman calls for an Asian collective security system amid Moscow Beijing tensions while Pravda frames the dispute as a broader Cold War era issue, with China singled out as an ally of the West.
MENTIONED IN THIS ARTICLE
Moscow
Kremlin
China
Peking
Bible Thoughts On Duty And Daily Work
Excerpted quotations urge duty and self support. Verses from Thessalonians commend prudent conduct and labor in the Lord Jesus Christ. Charles Kingsley highlights the discipline of waking to purposeful tasks each day.
MENTIONED IN THIS ARTICLE
Jesus Christ
Also Mentioned on This Page
Inevi
Sugar” Ray
Sugar
Rey Robinson
Hagerstown
Peat Creek
Totant
Meg
Greencastle
Penn Creek
Glenn Eby
Pennsylvania
Lihy
Igy
Eby
Sting
Hyman GE
Dot
Can’t Weem
Srepair
Hancock
Stace
GR the Park
Mets
Ot Arop
Elk
Pannaylvenis
Pennsylvenie
Megartown
Jsorme
Haresn Gallifornia
Fiari
Wan
Indian Ocean
Novosfi
Chick Lewis
Massey Ford, Inc
Virginia Ave
Pravda
J. Alexandrov
Leval
Alexandrov
Soviet Union
AIC
Independence Ears Memorial
Angerssoon
Meyerstown
Pal Pan OC
Charles Kingsley
The
Nala Een Bek
Wibie
Atlantig City
Dancy
Pe Paes OM Nee
Semary Ultrampdera Comerient Comforrabte
Theo
Wee
Sotaaeorst
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