Banks Cut Prime Rate to 9 Percent Across Nation
United Press International reports the nation’s two largest banks lowered the prime rate to 9 percent, the third weekly cut, signaling Fed efforts to stimulate business and curb recession are taking effect. Also notes local and political events from Iowa to Florida, including a school budget session, Lincoln Day Dinner plans, a farmers program, and a Pinellas influenza warning linked to recent deaths.
MENTIONED IN THIS ARTICLE
United Press
Federal Reserve System
Bank of America of
San Francisco
First National City Bank of New York
Federal Reserve
Blakely nightclub operator charged with four first degree murders
Homer Salter Jr., 23, of Blakely Georgia was charged with four counts of first degree murder for the execution style slayings during a robbery at a Brocery gasoline station. Police sought a second suspect as two other people a 17 year old boy and three men were killed.
MENTIONED IN THIS ARTICLE
Bluffton, Ga
UPI
Blakely
Homer Salter Jr
Ray proposes tax reform in record Iowa budget plan
Gov. Robert D. Ray calls for sweeping income tax reform to aid about half of Iowa taxpayers while pledging no general tax increases. The plan raises the standard deduction, offers higher exemptions for low earners, funds IPERS changes, road projects, and education, with a two year budget near $2.28 billion. The proposal shifts revenue to higher earners and roads, and expands tuition grants amid a large education allocation.
MENTIONED IN THIS ARTICLE
Des Moines
UPI
Robert D. Ray
Ray
Iowa
State Board of Regents
Ford weighs risks and economy in wary White House interview
In a candid White House interview, President Ford discusses war risks and the 1976 economy, saying he plans to run but may skip if the economy remains grim. He cites oil tariffs, potential Middle East conflict, and possible gasoline rationing as last resorts, while affirming confidence in his ability to lead.
MENTIONED IN THIS ARTICLE
Washington
UPI
Ford
Congress
Nussinger
Middle East
Geneva
Mideast
United States
White House
America
House of Representatives
Iowa approves salaries for legislative staff in budget move
Des Moines Iowa legislators final approval for salaries of legislative staff including House Clerk David Wray at 18000 and Senate Secretary Clerk Rasmussen in a Senate voice vote after an 87 to 3 House tally. Controversy centered on hire of aide to Sen Hansen with ethics questions. committees to examine income tax and education rules follow.
MENTIONED IN THIS ARTICLE
Norman Rodgers
D-Adel
Willard Hansen
Cedar Falls
Rodgers
Diane Glass
Senate
Senate Ethics Committee
James Griffin
Council Bluffs
House
Sharon Robinson
Griffin
Miss Robinson
Robert D. Ray
Clifton Lamborn
Weather Outlook Through Saturday With Showers
Partly cloudy to cloudy through Saturday with scattered showers this afternoon and tonight. Highs this afternoon in the upper 40s to low 50s. Lows tonight in the low to mid 30s. Cooler conditions expected Saturday.
Fatal Cabin Fire Claims West Chester Woman
A 47-year-old woman, Darlene Miller, died in a fire that gutted a two room cabin off highway 92 in West Chester. Miller, formerly of Muscatine, lived with Jesse Harvey and was alone when the blaze started just before midnight. Authorities suspect an electric space heater or cigarette. autopsy to be performed in Iowa City. Fire officials say the fire began in the bedroom. Wellman Fire Department aided, protecting nearby structures owned by Wayne Owens. Harvey and Miller had lived there only a few weeks.
MENTIONED IN THIS ARTICLE
West Chester
Journal
Darlene Miller
Jesse Harvey
Miss Miller
Muscatine
Harvey
Crane Company
Washington County
M. L. McCreedy
Iowa City
Joe Beale
Oskaloosa
John
Combs
Wellman Fire Department
Wayne Owens
Washington
Owens
Explosion at Iowa propane terminal kills two workers
An explosion and fire at the Mid-America Pipe Line Co. propane terminal four miles east of Towa City, Iowa, killed Terry Guthrie and Tony Bryant and injured three others. Witnesses described flames rising 150 feet and a large smoke cloud.
MENTIONED IN THIS ARTICLE
Towa City
University
Leonard
Also Mentioned on This Page
Highland Board
Highland
Board of Education
Highland Community School District
Republican State Central Committee
GOP
John C. McDonald
West Des Moines
Young
Young Farmer
Washington High School Vocational Agriculture
Notill
Bob Jones
Ortho Chemical Company
Florida
ST. Petersburg
Fla
Pinellas County Health Department
George M. Dame
Dame
Georgia
Robert Vs. Anderson
Washington Concert Association
IPERS
CIA
South Vietnam
Hanoi
John Chancellor
Tom Brokaw
Maquoketa
George Kinley
Cloyd Robinson
Cedar Rapids
William Gluba
D-Davenport
Mid-America
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