Week of January 1-4, 1975
A double burden of inflation and recession have forced thousands of Americans
into bankruptcy, with the rate soaring almost 100% in some areas.
President Ford approved bills extending the term of unemployment insurance
benefits to as much as a year and authorizes a 42.5 billion program to finance
100,000 public service jobs.
A federal jury convicts John Ehrlichman, H.R Haldeman, Robert Mardian and
John Mitchell - four former officials of the Nixon administration of conspiracy to
obstruct justice in the Watergate cover-up.
An aide to Richard M. Nixon says the former
President was “deeply anguished by
Watergate” but would not specifically
comment on the convictions.
Grants his first interview - Convicted
Watergate burglar
G. Gordon Liddy
views
the Watergate scandals as basic politics -
“Like brushing your teeth” and says former
President Richard M. Nixon should covered
them up more ruthlessly. Liddy, who is free
on bond pending an appeal f the 6-to-20-
year prison term, spoke to Mike Wallace of “60 Minutes.”
President Ford says he would appoint a blue-ribbon panel of private citizens to
investigate charges that the CIA had exceeded its authority by spying on
thousands of Americans within the U.S.
The nation’s unemployment rate soared to 7.1% of the work force in December -
the highest in 13 years.
Passing - Milton Cross - who narrated the Metropolitan Opera for radio listeners.
He was 77.
Sports -
Catfish Hunter signs with the Yankees for $3.7 million - the highest paid player in
baseball.
