Foreign Money Markets Shut Down After Dollar Nose Dive
Global currency trading halted as the dollar sank further amid fears of a wide crisis. Prime Ministers Heath and Brandt considered coordinated measures under the Common Market, with officials delaying decisions pending talks with member nations and discussions of a possible joint currency float. Frankfurt closed for the second time in a month as Britain, Belgium, the Netherlands, Japan, and others also halted operations.
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von Wechmar
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United States
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Frankfurt
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Belgium
Netherlands
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Hong Kong
New Zealand
Pakistan
Pressure grows to repeal beef import quotas in Congress
Rep. Benjamin Rosenthal of New York pushes to repeal the 1964 meat import quota law amid rising consumer costs and calls for freeing imports from Australia and other countries. The issue, tied to 1972 and 1973 price trends, could heighten Congressional action on meat policy and pricing.
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Congress
Don Kenpall
Jon
Nixon
Rosenthal
Porter
Austral J
Beating Quotas Seen as Mistake by Rosenthal on Meat
Rosenthal argues for loosening import limits amid rising beef demand and snowballing supermarket orders. He claims consumer revolt pushes prices up and that U.S. cattlemen cannot keep up with demand, despite 1964 law limits and import levels around 6 to 7 percent of domestic production.
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U.S
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Irish Get Coalition Government
Dublin AP reports Liam Cosgrave, 52, leader of a left of center coalition, poised to form Ireland's government as Fine Gael Irish Labour alliance lead with 72 seats. Michael Lynch admits no majority, party losses blamed on bad luck, Brendan Corish eyed as deputy premier. Northern Ireland blueprint looms as first challenge.
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Dublin
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Nixon Hosts Meir Dinner Praising Israeli Leader
President Nixon hosted a White House steak dinner for Golda Meir calling her roots in America and predicting she would help secure peace in the Middle East. The event drew 1120 guests including cabinet members congressmen Nixon contributors and notable figures such as Paul Zuckerman John Connally Alice Roosevelt Longworth and Ambassador-designate to Luxembourg George Farkas. Pianist Van Cliburn performed with Chopin and Debussy for the guests.
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Nixon
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New York
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Governors Split Over Nixon Domestic Plan At Winter Meeting
The nation's governors debated President Nixon's domestic revamping plan at their winter conference, with Democrats split and opposing proposed revenue sharing while some Republicans urged unity. Ohio Governor Gilligan warned Congress impact, Virginia's Holton predicted eventual Democratic support, and Maryland's Mandel noted push for state control amid budget cuts and limited details.
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Carl FP. Leabsgcorf
Washington
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Linwood Holton
Virginia
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Gray confirmed easily for FBI director amid Watergate questions
Senator Eastland voiced strong support for L Patrick Gray as FBI director noting his honesty and integrity. He anticipated easy Senate confirmation though questions focused on the Watergate break in and bugging. Some witnesses opposed Gray while others urged caution about past public speeches.
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Associated Press
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James 0. Mastland
Senate
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iGray
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Hireh Bayh
D-Ind
Tay Sal
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Daley Orders Free Toilets At Airports
Chicago mayor Richard J. Daley announced removal of locks from 160 pay toilets at O Hare and Midway airports. Aviation Commissioner William E Downes Jr said airports could lose about 125000 dollars annually in revenue due to the change.
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Chicago
O'Hare
Richard J. Daley
William E. Downes Jr
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