U S Economy Grows 6.8 Percent in First Quarter
The Commerce Department reports the 6.8 growth rate for the first quarter the fastest in a year and above the earlier 5.2 estimate. The jump follows gains of 4.5 3.9 and 2.6 percent in prior quarters.
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Newspaper
Ukiah Daily Journal
Location
Ukiah, California, United States of America
Date
Jun 21, 1977
Page
1
The Commerce Department reports the 6.8 growth rate for the first quarter the fastest in a year and above the earlier 5.2 estimate. The jump follows gains of 4.5 3.9 and 2.6 percent in prior quarters.
California faces a $50 million Medi Cal shortfall this fiscal year as the state withholds $19 million in acute care hospital payments. Officials warn delays of one to three weeks may hit doctors, nursing homes, and providers, with urgency legislation pending to restore funds before June 30.
Variable cloudiness in the north and fair conditions south with occasional high clouds through Wednesday. Patchy fog and low coastal clouds nights and mornings. Warmer days inland. Fort Bragg readings 52 to 68 and Ukiah 56 to 95.
Weather ledger items show June 1977 high 82 and low 20 with rainfall 14.20 inches, noon reading, plus June 1976 high 48 and rainfall 18.75 inches. The entries present date tied figures and compare last year values.
The California Senate approved SB443 to end the business inventory tax over six years in a 30-3 vote. The measure would shift financing from general revenues, with amendments to raise bank and corporation taxes rejected. Governors Brown’s stance complicates final passage as Assembly contemplates similar relief and funding via tax changes.
UPI reports consumer prices rose 0.6 percent in May with food prices up 0.7 percent led by declines in vegetables and rising poultry and dairy costs. San Francisco area notes a 1.2 percent May rise with coffee and tea driving gains while fruits and vegetables fell.
Hundreds of Ugandans including senior civil servants and army officers flee to Kenya amid reports of a mass casualty event after an alleged serious incident attempt on President Idi Amin. Governments cite Ambush claims. Amin’s whereabouts remain unknown as cabinet and diplomats track the crisis.
California maintained its lead as the nation’s top farm state with a 1976 gross farm income of 8.9 billion dollars, up 5 percent from 1975 and 2 percent above the 1974 record. Fresno County led counties with 1.17 billion dollars in cash crop income.
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