Newspaper Page Text
Griffin Daily News Thursday, September 12,1974
Page 10
Housing concerns Brooke
ATLANTA (UPI) - Sen. Ed
ward W. Brooke, R-Mass., call
ed for government support to
ward off a possible depression
for the nation’s housing
industry, noting about 495,000
construction workers were with
out jobs last month.
In remarks prepared for a
regional conference on housing
and construction, Brooke said
the government should immed
iately increase housing produc
tion under federal low-income
housing programs and also
move to provide interim mort-
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gate credit assistance to the
home buyer.
Brooke said housing starts
dropped to an annual rate of
1.33 million as of July, com
pared to 2.06 million last year.
The 495,000 jobless construction
workers last month represented
an increase of 35,000 over the
preceding month.
The Massachusetts Repub
lican said mortgage interest
rates have risen to 10 per cent
or more in some areas and no
mortgage money is available in
other areas. He said 120,000
new housing units are vacant
because potential buyers cannot
get mortgage financing.
“Clearly, housing needs help,
and it needs help now,” said
Brooke.
About 70 leaders of the hous
ing industry attended the con
ference, one of 10 regional con
ferences to be held around the
country to prepare for Presi
dent Ford’s summit conference
Sept. 27-28 on the economy.
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LOS ANGELES—Rose Espinosa (L) and Olivia Galindo
(R) are led by two Drug Enforcement Administration
agents to a car after they were arrested in connection with
Labor gets chance
to take its crack
By WILLIAM E. CLAYTON
WASHINGTON (UPI) -
Labor got its chance to take a
crack at the Ford administra
tion’s economic policies —and
did just that.
Union leaders asked for an
end to tight money, lower
interest rates, a rearrangement
of tax priorities, and a rein on
the power and profits of big
business.
The second of 12 minisummit
meetings on the economy was
held Wednesday, and again
President Ford, by his own
choice, was confronted by the
critics close up.
Held in drug raids
A third session, dealing with
housing, was scheduled for
today in Atlanta.
Ford opened Wednesday’s
conference of labor officials by
announcing: “The secretary of
labor will immediately disperse
$65 million to those communi
ties in which unemployment is
highest.”
The money would provide
jobs in public service projects.
Ford also promised an addition
al $350 million and an
estimated “170,000 public ser
vice jobs this coming winter.”
Most of the administration’s
proposals had been heard
before: cut the budget, hold the
line.
Alan Greenspan, chairman of
the Council of Economic
Advisers, said, “It does not
appear that the inflation rate is
turning down. I would not be
surprised if we did not get
increases in food prices which
we will not like in the months
ahead.”
Roy Ash, director of the
Richardson blames
‘amoral’ in D.C.
MEMPHIS, Tenn. (UPI)
The “amoral” people in Wash
ington have been one of the big
gest problems in the District of
Columbia this year, former Nix
on cabinet officer Elliot Rach
ardson said Wednesday night.
“Some of the people in Wash
ington were amoral, mechan
ized, wind-up-and - go - through
the-loyalty, go through whatever
was expected of them at the time
of Watergate,” the former U. S.
Attorney Genral told the Mem
phis Economics Club.
Richardson resigned last year
rather than obey former Presi
dent Nixon’s command to fire
Special Watergate Prosecutor
Archibald Cox in the “Saturday
Night Massacre” Oct. 20.
But Richardson, 54, said he
condoned President Ford’s par
don of Nixon, although he wish
ed Ford had waited longer to
make a decision At a news con
ference before the club’s dinner,
Richardson said the public inter
est could not be served best by
putting a former President be
hind bars.
“I have always thought that
the former President should not
go to jail,” he said, calling Nix
on an “abdicted head of state
forced as the penalty for his
sins to get out of office.”
Richardson said there could be
no parallel between a pardon for
Nixon and manesty for draft
evaders and deserters from the
Armed Services, but added that
he supported Ford’s proposed
conditional amnesty.
“People who break the law
as an act of conscience should
not expect they will thereby
procure exemption from the
law,” Richardson said.
a nationwide drug ring here. Indictments were handed
down in 10 cities for 125 person suspected of selling 3
billion pep pills a year. (UPI)
Office of Management and
Budget, explained the problems
with cutting the federal budget
in areas such as defense and
other economic measures with
numerous charts.
He explained that inflation
has built up momentum and
said it was like an aircraft
carrier which cannot be turned
around in a short radius.
He was confronted by Murray
H. Finley, president of the
Amalgamated Clothing Wor
kers, who said: “You should
put a picture of a kid on the
board who is denied a school
lunch program, not pictures of
charts going up and down.”
Jerry Wurf of the American
Federation of State, County and
Municipal Employes accused
Ash of “doubletalk on the
figures.”
After the meeting, Wurf said,
“The President has surrounded
himself with men whose con
cept is that the way to deal
with the problem is to
impoverish the poor even
further.”
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On July 26,1964, the Organi
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voted to ban trade between
member countries and Cuba.
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