Burns and Fedloom Clash With Carter Over Fed’s Power
Washington AP reports Carter faces a major hurdle in reshaping the Federal Reserve as Chairman Burns holds firm on inflation and policy. The president-elect seeks faster growth with fewer unemployment impacts, while Burns’ four year term extends to 1978 making early departure unlikely. The Humphrey Hawkins bill could realign the Fed’s powers including open market targets and reporting requirements.
MENTIONED IN THIS ARTICLE
Gregory Noken Washington
Jimmy Carter
Secpciride
Federal Reserve Board
Ite
Tan
Carter
Fed
Barns
Chalran
Bure
Swale Banking Committee
Burns
Ford
Congress
Federal Open Market Committee
Board
Afl-Cio
George Meany
Hubnet Humphrey
D-Minn
Uring
FOMEC
Open Market Committee
White House
Carter to travel in armored car for protection
The Secret Service will provide an armored car for Jimmy Carter once he becomes president elect. Ford already has armored limousines and cars for official use while other vehicles remain available for daily travel. The service notes no extra security plans beyond ongoing protection for Carter and Mondale.
MENTIONED IN THIS ARTICLE
Washington
Jimmy Carter
Secret Service
Plains
Ford
Carter
Bob Dole
Walter Mondale
Carters
Amy
Mondale
Kidnappers Secure $2 Million Ransom in West Germany
Hendrik Snoek, 27, an Olympic horseman and heir to a West German supermarket fortune, was freed after a $2 million ransom. The incident marks the second major kidnap of a supermarket heir in a month, following Wolf Gulberlet’s $900,000 abduction in Hesse. Police recovered the money in the prior case and are silent on details of Snoek’s release.
MENTIONED IN THIS ARTICLE
Muenster
West Germany
Proday
Hendrik Snoek
Mondreal
Snoek
Wolf Gulberlet
President Ford to Leave With Pension and Benefits
President Ford will leave office in January with a pension of about 9100,000 a year, plus $63,000 annually under the Presidential Pension Act. He also has a Congressional service pension totaling $40,500 yearly unless the wife-benefit alternative is chosen. He reports assets of $324,689 with $1,300 in debts. In six months after leaving, he may use up to $1 million for office costs and staff. afterward, up to $96,000 yearly for salaries and staff.
MENTIONED IN THIS ARTICLE
Washington
Ford
White House
John Carlson
Congress
Betty
Hin
Lmilton
Rhodesian talks remain deadlocked at Geneva negotiations
At Geneva the Rhodesia talks failed to agree on a target date for black majority rule. Black nationalist leaders Mugabe Nkomo and Muzorewa pressed for a one year transition while Prime Minister Smith and his white government favored about 17 months. Efforts continue with bilateral discussions as a full conference is planned for early next week.
MENTIONED IN THIS ARTICLE
Geneva
Switzerland
Rhodesia
Robert Mugabe
Thas Gore
Pieter K. van der Byl
van der Byl
Jan Smith
Ivor Richard
Mugabe
Richard Witt
Richard
Mugave
Joshua Nkotha
Abel Muzorewa
Ndabaalngi Sithole
Alu
Kissinger
Smith
Council of State
Ice
Muzorewa
Macri
Nkomo
Sates
Mozambique
Zambia
Lottery roundup Maryland and Pennsylvania results report
Maryland Numbers Game drawing on Thursday produced 486 as the winning number. The Pennsylvania Weekly Big 30 Lottery drew Red 1B, White 0, Blue a, with Bonus 70606. Other draws listed include Bakers Dozen 906895-68935.218.
MENTIONED IN THIS ARTICLE
Baltimore
Maryland
Pennsylvania
Judge flags TVs family hour policy ruling networks must adjust
U S District Court Judge Warren J Ferguson ruled that NBC CBS and ABC violated free speech by adopting the family hour policy last year though the judge did not abolish it. The decision found FCC pressures influenced the policy and upheld potential damages while leaving room for appeals and future determinations.
MENTIONED IN THIS ARTICLE
Los Angeles
Warren J. Ferguson
Ferguson
Shieh
NBC
CBS
ABC
National Association of Brotcasters
NABI
Entertainment Guilds
Federal Communications Commission
Richard E. Wiley
FCC
Wiley
Lear
Robert Aldrich
Directors Guild
Washington, D.C
Record gasoline use by Americans tops all prior years
Federal highway officials report this year will exceed any previous year with total motor fuel consumption near 4.1 billion gallons and highway travel around 119 billion gallons. State speeds rising. California and several Western states show large percentage increases while nonhighway uses dip slightly.
MENTIONED IN THIS ARTICLE
Washington
Federal Highway Administration
Highway Administration
Tejas
California
Maryland
Indiana
Virginia
Colorado
Idaio
Montana
Nevada
North Dakota
Wyoming
Texas
New York
Ohio
Iinois
Pennsylvania
Highway Agency
Also Mentioned on This Page
Arthur Burns and
Fedloom
Jimmy
Es Moving & Storage
Seadows van & Storage, Inc
Papa
Ewe
Etormoe
Idezens
Fkr
Dentler Bros
Penna. Ave
U.S. Rt
Saam
Fly
Mormen Lear
Lef
Teke Newaren
David Almtels
Preden
Wtters Guild-Went
Judge Flags TV
Norman Lear
NAB
Wil
Antietam
Sharpsburg
American Legion
Wevites
Kovembber
Crystal Palace
Wert
LaOrirae
Hagerstown
Charles Lse Spicher
Greveein Masche
Rest Haven
Irene Middlekauff
Hagerstown Auto Parts Co., Inc
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