Northwest Arkansas Times from Fayetteville, Arkansas on August 7, 1974 · Page 3
Get access to this page with a Free Trial
Click to view larger version
August 7, 1974

Northwest Arkansas Times from Fayetteville, Arkansas · Page 3

Publication:
Location:
Fayetteville, Arkansas
Issue Date:
Wednesday, August 7, 1974
Page:
Page 3
Cancel
Start Free Trial

Page 3 article text (OCR)

THE WEATHER Elsewhere By THE ASSOCIATED PRESS Wednesday in I.O PRC Otlk Weather Forecast Albu'que Asheville Atlanta Birmingham Bismarck Boise Boston Buffalo Charleston Charlotte Chicago Cleveland Denver Detroit Duluth Fairbanks Green Bay Helena Honolulu Houston Inri'apolis Juneau Kansas City Las Vegas Little Rock Los Angeles Marquetle Memphis Miami Milwaukee Mpls-St. P. New Orleans New York Okla. City Omaha Orlando Philad'phia Phoenix Pittsburgh Rapid City Reno Richmond St. Louis Salt Lake San Diego San Fran Spokane Tampa Washington Warm weather is forecast Wednesday in flic southern tier of states and the Midwest. Cooler weather Is expected In the north. A hand o[ showers is forecast from the northern Rockies to the. Dahotas. Rain is expected in the Mid- west and ram" or showers are forecast on the East coast from Florida lo the mid-Atlantic region. (AP Wireplioto Map) 87 62 7'l GO 82 09 88 70 92 62 77 00 75 64 79 56 81 72 75 56 73 67 77 57 86 56 82 59 77 53 80 62' 81 60 78 54 89 73 80 72 78 59 55 47 70 61 101 81 SB 66 84 67 81 55 84 68 80 81 78 59 80 58 .. cdy .27 rn .. rn .. rn .. cdy .14 clr .. ch .. ch .90 .44 .. cdy .. cd; .. cd' .. cl .. cd; .. n .. cdj .35 n .. cl .22 n .. cd; .05 n .11 r .. cl .. cd .. cl .. c' . . c d y .. rn Economy's Problems Wouldn't Be Resolved By Resignation Northwest Arkanxn 71MES, Wed., Aug. 7, 1974 AYITTIVILLI. ARKANSAS By JOHN CUNNII'T Business Analyst NEW YORK (AP) -- The removal of President Nixon from .stock owners bond holders. have become affice would do imme- lately and directly to brighten he gray economic picture that Americans have viewed with rustralion for so many months. Many people are bound to . lew a new administration as a beginning, and therefore the de- n'essed consumer outlook lhal shows up regularly in the polls mighl lend to lift. But the underlying problems won't dis appear. The slock market, lo cite an obvious illustration, might put on one of ils occasional spasms, nut unless the economic facts are there to support higher prices that's all it might be, a paroxysm of excitement that can't be sustained. It lakes money to Hfl stocks, and that money al the moment is being invested'mainly in the credit markets, where interest rates are so high thai former .. cdy .. cdy 88 71 1.80 rn 88 69 .. criy 81 07 82 56 90 74 82 67 101 83 78 61 95 fit) 88 44 .. 77 (i-1 3.25 80 65 .01 92 03 .32 cdy 76 68 80 56 84 52 89 73 83 66 - . cdy .07 cdy .. rn .03 rn .. clr . cdy . rn clr clr . clr clr Authorities Theorize Origin Of Airport Blast LOS ANGELES (AP) -- 't, _ thorities are inspecting heaps of debris in an effort lo determine who placed a bomb that .02 .04 rn Organized Labor Aid Sought Justice Department Hopes To Curb Cargo Theft WASHINGTON (AP) -Ally. Gen. William Saxbe sought the help of industry and labor today In a Justice Department campaign to slop multimillion- dollar cargo thefts. "The magnitude of just this one category of crime facing the nation is staggering. Saxbe said in a speech prepared tor a department confer- nce on the problem. "At a lime when we are all :onscious of growing costs for 'irtunlly everything, we should je aware that cargo thefts of le present magnitude help to jel inflation." "The consumer is forced to ay in one way or another for irtually. everything that is sto- en from the transportation in- Private Industry Asked To Produce Nuclear Fuel WASHINGTON (AP) Chairman Dixy Lee Ray of the Atomic Energy Commission says it is time for private industry to build uranium enrichment plants and help meet a growing demand for nucleai fuel. "There are historical reasons why uranium enrichment is now a government monopoly." Dr. Ray said Tuesday in testi fying before the Joint House Senate Atomic Energy Committee. "Such reasons no long er apply. "The aclivily is clearly indus trial--not governmenlal--in na lure." She said there has been wide spread support for the principle of private initiatives in ura mum enrichment and "now i: the time to 'gjve such initiative: ·very opportunity to succeed." At present there are no pri vatefy owned enrichment plant- in this country. But under a contract arrangement, privat Industry does operale the com mission's three enrichmen plants at Oak Ridge, Tenn. Portsmouth, Ohio, and Padu cah, Ky. The commission has sail more plants must be built be cause the existing plants ar operating at their limit. Privat industry has warned that unles it is assured of a 30-year sup ply, nuclear power planls noi being planned may never b built. Since 1969, the commission has contracted to provide the fuel enrichment to 72 domestic utilities and utilities in 18 foreign countries. In her testimony. Dr. Ray referred lo a White House statement issued earlier in the day In which President Nixon emphasized the need for increased enrichment capacity. "The President believes it is essential that the additional capacity ... be provided by private industry," said the statement. The statement added that "early and responsible actions on the part of the utility Industry, potential suppliers and the financial community are needed to make private enrichment a reality. The government is prepared to assist in this effort." Dr. Kfty said the United Slates is determined to remain "a major, reliable and nondis- eriminafory supplier of worldwide needs for enrichment services." She said the commission is convinced the role "will be best fulfilled by the establishment of * private enrichment industry in this country." Th* TIMES It On Top of The Newt S»v»n Days a W»»kl duslry. 1 Saxbe noled Jressional hearings produced istimates that cargo losses to- aled $1.5 billion in 1970. The Justice and Transportation De- jartments since have said that annual losses may approach $2 Both deartments sponsored he conference for represents- ives from Congress, the FBI, he U.S. Marshals Service, .ransportation business leaders and federal prosecutors from 15 :arget cities where federal car;o-security teams were organized last April. Saxbe said the department las run into problems in win- that 1971 con- killed two 36 at Los Airport. persons and injured \ngeles International Federal aviation officials said the explosion on Tuesday was believed the largest ever to hit an airline terminal in the United Slates and the first to kill anyone. The blast apparently oc- ning labor union cooperation with the lask force altack involving government and the private sector. "Difficulties have been encountered in developing organized labor participation in the program," he said without elaboration. "It is essential (or us lo present a well-documented case to labor leaders at both the national and local levels to show them how essential their contribulions would be." As for business, he said "no lasting inroads on cargo thefts can be made without a substantial commitment by industry. The country has learned some painful lessions that law enforcement agencies cannot always reduce crime by themselves." The cities where task forces are operating are New York, Chicago, Los Angeles , San Francisco, Philadelphia, Detroit, Houston, Atlanta, Dallas, Miami, Baltimore, Boston, Seattle, New Orleans and San Juan. Brothers Charged With Aiding Carrasco SAN ANTONIO, Tex. (AP) -Two San Antonio brothers have been charged with aiding and abetting Fred Gomez Carrasco in his fatal attempt to escape the Texas State Prison at Huntsvitle. Authorities identified the men as Don Michael Colsten, 27, and William Colsten, 34. Bond was set at $100,000 each Tuesday night. Authorities said the two allegedly "facilitated 11 the three weapons used by Carrasco and two other convicts in a 10-day holdout at the prison, where they held a total of IB hostages. Carrasco, accomplice Rodolfo Dominrguez and two hostages died in a Shootout last Saturday night. In Austin, Gov. Dolph Briscoe told .newsmen he feels Texas Corrections Director W. J. Es telle "did all that was humanly possible' to protect the lives p hostages held by the armec convicts, considering the safety o fthe slate-at-large. "With all other Texans grieve for the two slain hos tages and their families. We al prayed thai their lives coulc have been spared," Briscoe said. curred inside one of 20 public coin-operated wall lockers in the Pan American World Airways section of the · International Carriers Terminal, police said. Officials said they could con- :eive of no motive for the ex- ilosion and had no leads. They nled put, for the moment, the possibility thot radical groups vere involved. Two months ago, a blast ·ipped apart the Los Angeles headuarlers of the slate attorney general. A letter signed by he radical Weather Under;round claimed credit. William A. Sullivan, special igent in charge of the FBI of- ice here, speculated that the person who planted the bomb vhich exploded on Tuesday 'may have wanted to take it on 3 plane" hut was frustrated by ,ighl security 9l the terminal entrance. Officials said there was no warning of the blast, but afterward some other airlines received false bomb threats. Several flights were canceled or rerouted and one Pan Am flight, to Hawaii, was detained immediately afler the blast. Airport operations were back to normal seven hours later. The explosion killed Harper Glass, 6f, of Inglewood, a skycap who was walking past the bank of wall lockers, and Leonard Hsu, 47, of Los Angtles, a Pan Am employe. Among the injured was the A new president won't magically bring order. Inflation doesn't respond to a wave of a magic wand either and it cannot be resolved by edict or plea. World demand for goods still exceeds supply. Bad weather destroys crops. Workers need pay raises. Prices rise. The jobless rale mighl rise also, as most economists predict, perhaps to 6 per cent bj Lhe end of the year. The reccs sion most likely will run its course. Housing can be ex peeled to slay depressed. True, a goodly number ol people who felt the Watergate matter was a reason lo suspem all plans and projections, now will be more inclined lo act and therefore some economi activity might resull. Bui, simply because an indi vidfftS now feels confiden enough to buy the house so Ion postponed doesn't mean tha he'll get the money because th savings institutions don't hav il to lend. It's the same with busines: loans. While some executives might decide that a presidential resignation or impeachment is an economic watershed, similar o the end of a major war, and herefore a time to spend and ;xpand, they mightn't be able :o find Ihe funds to do so. ''The economy's problems jiaye a very real identity that is now even remotely associated with':- Watergate. True, many economists believe Walergale has worsened some problems, and may even have caused others. But it isn't the sole cause. At best, a change might recharge faded hopes, restore pride and confidence, and reinforce the belief of so many Americans that the country can always work oul its problems il given the leadership. He Owes U.S., But II Also Owes Him SAN DIEGO, Calif. (AP) -One federal agency owes Luher Manuel about. $300,000, but he cement finisher may lose iis house because lie can't ·aise the $24,000 another federal agency is demanding. "It's all the same government and if they owe me more money than I owe them, why can't they settle it up? asks. Manuel's story began in 1369 when he was awarded a S156.- 000 contract to complete four acres of cement work in the . post office here. He was one of the first subcontractors lired under President Nixon's order requiring minority con tractors be hired on major fed oral projects. His cement flooring settle! unevenly and the government ordered $160.000 ; n remedial work, then refused to pay him for it and part of the original contract. Manuel lost his business. The mortgage on his home was Heart Attack Seminar Set For Thursday SPR1NGDALE -- An all-day seminar dealing with medical assistance to heart attack patients will he presented Thursday in the First National Bank's Community Room. Sponsored by the Springdal* Fire Department and the Arkansas League for Nurses, the 8:30 a.m. lo 3:30 p.m. program will he attended by Springdale, Fayelleville and Rogers emergency medical technicians and Springdale Memorial Hospital irses. FriUi Means, chief consultant with the emergency servict personnel department in tha Arkansas League for Nurses, will conduct the program. oreclosed by the Federal Hous- ng Administration and he soon vas $250.000 in debt. Three Receive Degrees Friday CONWAY -- Three area stu dents will receive degrees al the Friday commencement ol State College of Arkansas al Conway. The recipients include Mary E. Shepherd of Springdale bachelor of science; Ronriii Funderbunk of Fayetteville am Daniel W. McKenzie of Gra velle. bachelor of science in education. Couple Injured In Car Crash A Fayetteville couple suffered minor injuries, which did not require hospital treatment, Tuesday morning when their car went out of control o n ' Wood Avenue at the West Sixth Street ntersection. Police said Marvin E. Lewis, 38, of 10 Graham St. and his wife. Mrs. Mary J. Lewis. 37, received minor injuries when Lewis lost control of the car, ran a slop sign, hit a curb blowing out two tires and finally slopped in a ditch. Police quoted Mrs. Lewis ai saying her husband was a diabetic and fainted from an insulin reaction dent. prior to the acci- Rev. TShett Patrick. Shaughnessy, who had a leg amputated. Sixteen other persons were hospitalized. I ONE FULL SIZE 111x14 · WONDER-COLOR {PORTRAIT * only $199 PlusSOc Porke Aval on Studios Offer Limited One Per Subject One Per family Groups-99c Each Additional Subject All Ages Welcome With Parent. Fri. Sat., Aug. 9th i 10th 10 to 1* 2 to 7 Friday and 10 to 5 Saturday WAL-MART Discount City LADIES 7 BAREFOOT SANDALS PRICE! Further reductions on our entire stock of ladies' summer ba're- foot sondals. Many styles and colors to choose from. All the famous brands you know and love including, Amalfi, Bando- lino, Penalji, Vaneli, Bernardo, and more! SHOP NORTHWEST ARKANSAS PLAZA Boston Store III Welcome to our world of Fall sports and fashions! Pure virgin wools, lovingly woven. Styled and totally coordinated into a very special collection of Red Tartan plaids. Separates sized 8-16. Blazer, 70.00 Pant, 34.00 Poncho, 28.00 Skit, 38.00 Boston Store III SHOP NORTHWEST ARKANSAS PLAZA Us» Your Bwton Stort Charg* or Our Convenient lay-Away Man

Get full access with a Free Trial

Start Free Trial

What members have found on this page