Independent from Long Beach, California on March 19, 1976 · Page 5
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Independent from Long Beach, California · Page 5

Long Beach, California
Issue Date:
Friday, March 19, 1976
Page 5
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Rockefeller plugs industry WASHINGTON (AP) - Vice President Nelson Rockefeller said Thursday that Congress should not attempt to solve the nation's unemployment problems by legislating new constraints on free enterprise. Instead, he told a joint congressional conference on full employment, the government should strive to encourage industry to create new jobs and boost national productivity. He outlined steps to help the' nation "regain our economic strength and vitality." These included the development by management and labor of productivity programs, restructuring of tax-laws to provide new incentives for capital formation, regulatory reform, encouragement of plant modernization and congressional passage of the administration's $100 billion energy independence authority bill. Sen. Hubert Humphrey, D-Minn., chairman of the House-Senate Joint Economic Committee and the chief Senate sponsor of a major full-employment bill, told the conference, "Prolonged and high unemployment undermines both the spirit of the unemployed and the society in which we live." An estimated 10 million people are currently unemployed, Humphrey said. He said the two-day conference, held on the 3flth anniversary of the 1946 Employment Act, which set "maximum employment" as a national goal, is intended to reassess the nation's fundamental economic policy. In other remarks, Newark, N.J., Mayor Kenneth Gibson, said a program to achieve full employment should be an immediate federal priority. Home buyers get break --on interest and prices WASHINGTON (AP) -- Home buyers j-ot a break on both interest rates and prices during February. The Federal Home Loan Bank Board said Thursday thai interest rates on loans for both new and existing houses declined during the month. The effective rate on loans for new homes was off for the third straight month to 8.94 per cent The rate had been 8.99 per cent in January and now has not shown an increase for four consecutive months. The average effective rate for loans on existing houses was off for the fourth straight month to 9.24 per cent. The average effective rate had been 9.27 per cent in January. The bank board also said the average purchase prices of both types of homes were down. The average price of a new home was off by $2,000 to $45,200. The average price of an existing home was off by $1,900 lo $38,000. u«, e»ch. C.HI.. Fri..M^H n. iw INDEPENDENT (AM) PRESS-TELEGRAM (m)-A-5 Price-fixing suit bill gains WASHINGTON (AP) - The House oil Thursday passed a bill that would permit state attorneys general to file class-action suits in federal courts on behalf of consumers in price-fixing cases. The voice vole sent the legislation to Hio Son- ate. An attempt by opponents to send tho bill back to the Honsc Judiciary Committee where it was written failed, 223 to 150. President Ford has threatened t» veto, saying he has serious reservations about allowing state attorneys general to bring antitrust acti«ns in federal eourt and to put the proceeds from the successful suits into projects for the public. House Repabflcan Leader J o h n Rhodes of Arizona said he doubts modi- fications in the original language of live bill will be enough lo change Ino President's mind. '*· ' Also opposing the bill are lite U.S. Chamber of Commerce, the American Bar Association and the National Ass#cl : ation of Manufacturers. Existing law prevents states from at ling on behalf of their citizens hi anti- Imsf damage suits. Rep. John Siebcrlmg, D-Otrio, floor manager daring the debates said (he measure is the first "ever Mo protect consumers directly from corporations which violate the antitrust laws. · "Antitrust violations cost American oonsumcrs at least $30 billion a ycar,",h6 said, "and price-fixing alone results In. consumers' paying $10 bfllton more thaty ttcy should." Sears SAVE $ 99 97 NOW 1 Kjjr^ y JLj i/i/*%y * i^ v/ v v · This Ad Effective through Wcdnesfltiy, March .'{1 v i 3-Pc. "Paradise" Bedroom Set Includes: Triple Drenser Base, Mirror, and Full or Queen Siy.e liendhourd Popular styling for today's bedrooms featuring flush-to-the-floor cases with parquet look on top drawer fronts. Parquet- look also accents mirror frame and headboard. Plate glass mirror has tilt brackets for full-length viewing. llcfinliir 8W.95 Cliol 7 I.Kit Ki-c Regular '249.85 149 88 Slunil .4-1.88 l l r g u t t i r 87').; Si/.i llriiilhniird. SAVE $ 139.97! "Filar" 3-Pieee Mediterranean Style Bedroom Suite Include*: T r i p l e Drewser Base, Mirror, I' 1 n i l or Queen Headboard Regular *339.85 199 ·\sk About Sours Convenient Crcdil i'lntm A stunning dark pecan color bedroom set with h a n d s o m e b a s k e t w e a v e designs on c e n t e r si.-.«.-. cin-i drawer f r o n t s , headboard and mirror. Fully «*o/r. \ij-iii stum! ._ dustproofed drawers with metal center guides 8 !«.,/,.-, K i,, K n.-i.dbo.-inl for easy gliding. Heavy antiqued brass finish metal pulfs. Sears SEARS, ROEBUCK AND CO. A t A l l M A J O R L O S A N G E L E S a n d O R A N G E COUW^"5iE.A R S S t o r e s ; ALL STORES OPEN 10 a.m. to 9 p.m. Monday thru Friday · Saturday.9:30 a.m. to 9 p.m. · Sunday 12 noon to 5 p.m. These storesop«n SAT.til6p.m. · AlHAMBRA, CAWON, COMPTON, COVJNA, EL MONTE, GLENDALE, LONG BEACH, PICO, arid SANTA MONICA

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