Nixon Economic Report Warns Of Rising Prices And Unemployment
President Nixon and the Council of Economic Advisors warned of sharp price increases and higher unemployment through 1974. The report projects consumer prices up around 6 percent this year, GNP inflation near 7 percent, and growth near 1 percent for all of 1974. A budget of 404.4 billion with a 9.4 billion deficit is outlined alongside potential tax cuts and energy policy measures. The administration seeks unemployment insurance improvements and continued wage price controls phased out since 1971. The energy crisis and higher oil costs are expected to widen import bills and threaten the trade balance, with no quick recession on the horizon but slower growth ahead.
MENTIONED IN THIS ARTICLE
Bill Neikirk
Associated Press
Washington Tap
Americas
Nixon
Council of Economic Advisors
Goblessa
Nixom
Congress
Ile
Witlgear
Council
Herbert Stein
Sun
Stein
United States
Courcil
Shapp to Call Out Guardsmen Over Truck Shutdowns
Gov. Shapp prepared to mobilize the National Guard to halt violence as independent truck drivers press for lower fuel prices and higher pay. Reports say the strike spread across parts of 20 states from the East to the Midwest with several thousand drivers participating and some plants announcing layoffs. A New Jersey refinery kept pumps running while state police guided traffic and truck stops faced protests.
MENTIONED IN THIS ARTICLE
Carta
Soh
Appalachia
Midwest
California
Arizona
Aeian
Pennsylvania
Jon Shapp
National Guard
Shapp
Wellsburgh
Ernest Kline
New Jersey
Apyatvehtan
Virginia
Don King
Fenton
Witpo
Ohio
Truckers Travel In Packs As Road Violence Spreads
Independent truckers in Pennsylvania slow as protests turn violent. Across the state, drivers moved in convoys amid shootings, rock-throwing, and a deadly crash near Allentown. Ronald Cigil of Spring Grove is killed. four suspects sought as police investigate a blast in Johnstown and other incidents reported by state authorities.
MENTIONED IN THIS ARTICLE
Tom Baldwin
Associated Press
Pennsylvania
Western
Penns
Allentown
Ronald Cigil
Spring Grove
Johnnstown
Orin
Brockway Sales and Servier, Inc
Brockway
Aurel
Iaside
Sina
Workers Leap To Death In Office Building Fire
In Sao Paulo a bank building fire on the upper floors forced occupants to leap to the street. Fire officials estimate 1 to 15 dead with over 20 injured and police suggesting up to 35 may have died. Helicopters struggled to aid as flames trapped workers on high floors.
MENTIONED IN THIS ARTICLE
William R. Long
Associated Press
Sao Paulo
Brazil
TAP
Sao Paulo Bank
Otice
Craftsuit Investment Bank
Heliopters
Unemployment Rate Rises Sharply in January Amid Fuel Shortage
The Labor Department reports January unemployment jumped to 5.2 percent, up from 4.8, the largest monthly increase in four years. About 378,000 jobs were lost, with particularly impacts in aviation, autos, and recreation as fuel shortages worsen economic conditions.
MENTIONED IN THIS ARTICLE
Washington
Jantary
Labor Department
White House
Grocery bills rise 14 percent from last March
An Associated Press market basket survey shows January grocery costs up 14 percent from March of the previous year with beef and eggs up while butter and pork chops fell in many areas. Across 19 cities the total rose on average 3 percent in January, with 9 cities higher and 4 lower.
MENTIONED IN THIS ARTICLE
Salt
Lake Gilly
Philadelphia
Boston
Ralph’s
Los Angeles
Chuck
Albuquerque
Nal
Atlanta
Chicago
Dallas
Detroit
Miami
New York
Providence
Salt Lake City
Scott Still Thinks Dean Lied in Watergate Clash
Senate Republican leader Scott criticized Dean at a White House briefing, saying Ty was backtracking an inch on challenging John W Hean’s credibility. Scott urged Desir be charged with perjury for tying Nixon to Watergate during the Senate investigation.
MENTIONED IN THIS ARTICLE
Washington
Senate
Mugh
Scott
White House
John W. Hean
Pennsylvania
Watergate
Dean
Desir
Nixon
Tls
Scodale
Abandonment of 16000 Miles of Rail Tracks Proposed
Washington report says 25 percent of Northeast railroad track should be abandoned. Transport Secretary Brinegar claims loss of 16 000 miles would barely affect rail traffic, with only four percent of Northeast traffic on these lines. Hearings by ICC to begin in March. remaining lines to be limited to one railroad.
MENTIONED IN THIS ARTICLE
Washington
Department of Transportation Today
United States
Transportalion
Claude Brinegay
Northeast
Midwest
Intergtate Commerce Commission
Brinegar
Wie
Poon Central
Inside The Mail Today Record freight year looms for station's railroads
Egypt to reopen Suez Canal but keep branch ships out. Broadwater promoted to Deputy State’s Attorney for Washington County. No place like home for Men nanite farm family. Aportions topless its squabble in
MENTIONED IN THIS ARTICLE
Egypt
Suez Canal
Broadwater
Washington County
Also Mentioned on This Page
Gov. Shapp
Cooperatitg
Aeith
Hamburg
Fogelsville
Atte Trawk Walfic
Milesbirg
Centre
Cowitty
Hengst
Wong
Louise
Sen
Maryland
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