Nixon Calls for Balanced Budget to Fight Inflation
President Nixon urged Congress to curb inflation with a balanced federal budget and to back a sweeping air and water pollution program costing about ten billion dollars. He noted December’s 7.2 percent cost of living rise and outlined debt-averse policy while signaling recession risks. AT&T unveiled a major debt and warrant financing plan, and banks with deposits above 100000 received higher interest rates under new Fed rules. HUD and GNMA announced a 500 million mortgage program targeting low income buyers, initially enabling about 32250 home purchases.
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Ormandy Conducts With Nixon Attending 113th Academy Anniversary
Eugene Ormandy says he is moved to conduct before the first citizens as President Nixon and Mrs. Nixon attend the Philadelphia Orchestra benefit at the Academy of Music. The event marks the academy’s 113th anniversary and the orchestra’s 70th birthday, with a Freedom Medal presentation to Ormandy and a surprise birthday tribute.
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State Hospital Board to decide reinstatement bid for Thompson
The State Hospital Board will review Jan. 8 hearing records in Richmond and decide next week on R F Thompson Jr. reinstatement after he claimed pressure to quit from the State Department of Mental Hygiene and Hospitals. Thompson, who headed the reimbursement division, was dismissed Oct. 24 and cited unnecessary trips. Upshur Jr., fired Oct. 30 for similar complaints, was reinstated after his hearing. board may treat Upshur transcript as part of Thompson case.
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Contest in Newsweek Building Draws NYC Winners
A contest held in the Newsweek Building in New York City crowned a winner after besting 21 rivals. The event drew participants from the area as the winner claimed the top spot among competitors.
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Newsweek
New York City
Egyptians Fill Key Libyan Posts After Coup
Egyptian advisers technicians and teachers stream into Libya to help new rulers led by Col Kadafi as Libyan policy shifts toward militant pan Arab alignment. Up to 2000 Egyptian soldiers are reported, with 582 medical staff already arrived or arriving.
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Libya
Idreis
Paris
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Officer Quits in Wake Of Show Cause Order
Richmond AP reports Capt Rodney H Holland veteran head of State Police Division 1 retired after Dinwiddie Circuit Judge D Carleton Mayes issued a show cause order for contempt. The order set Feb 25 for trial after Holland claimed innocence of contempt over failing to appear before a county grand jury on Nov 12 amid an investigation of alleged illegal activities.
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Rodney H. Holland
Dinwiddie
D. Carleton Mayes
Holland
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