Week of September 1-4, 1974
Roy Ash - a top administration economic adviser says the nation can expect “a
long difficult battle” probably as long as two years - before inflation is reduced to
a reasonable level.
Richard Nixon’s son-in-law,
David Eisenhower
said the former President faces ‘very direct and
very threatening” legal and financial problems as
a private citizen. “Right now, they’re working a
two things: they’re trying to make a book decision
and they’re fighting a legal battle” said
Eisenhower.
Westinghouse electric Corp asks its corporate
customers to voluntarily pay more for $200 worth
of goods already on order. The company said
soaring costs of everything from steel to plastics
had eaten up profits on millions of dollars of
heavy electrical products ordered months ago but
sill not shipped to customers.
Shatters all records - America’s triplesonic SR-71 spy plane streaked from New
York to London in less than two hours in flight at 80,000 feet at an average speed
of 1,817 mph.
Senate Democratic leader Mike Mansfield sad he doesn’t think President Ford
can wait until after his economic summit conference later this month to deal with
increasing inflation and unemployment.
President Ford names Republican national Chairman George Bush as U.S.
envoy to China.
President Ford signs a pension reform bill
providing federal regulation of private retirement
plans covering more than 35 million households.
Mayor
Richard Daley
returned to his City Hall
office for this first public appearance since he
suffered a stroke four months ago.
