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Juicy Gossip From The 1970sFAMILY WEEKLY talked with Governor Brown in the the first interview he'd given to a weekly magazine "He's always kept his private life private, says his father, "but I can tell you he's brought home a lot of girls to meet us. Some of them I really liked-like Natalie Wood. He went with her for about a year after she divorced Bob Wagner And lately there was Candice Bergen . . .Was Jerry seeing a lot. of singer Linda Ronstadt? "I've dated Linda," he said, then grinned. "I've also dated other girls ..."
Things Invented In the '70s
Lessons Not Learned
Perhaps we should have known that our heavy dependence on foreign oil would eventually get us into trouble. But, if we did, we sure didn't do much about it.
The Oil Crisis of the 1970s didn't spell trouble for everybody, however. Nimble companies with quick-witted businessmen reacted to the new market forces and quickly brought a new line of products to the American market.
Meet the new Honda Civic.
We Have The Answer to Gas Problems - A New Honda Civic.
***Oil Prices have been at about $10 to $11 a barrel since early 1974.***
"the very possibility of higher prices — and the fact OPEC has the power still to dictate them is impetus enough for getting on with development of a sound domestic energy policy." Asst. Treasury Secretary Gerald Parsley, May 23, 1975 - Albuquerque Journal
The stock market pushed ahead today in a broad advance fueled by further signs of a strengthening economy.
The 2 p.m. Dow Jones average of 30 industrials was up 6.65 at 838.31, and gainers outpaced losers by more than a 5-2 margin on the New York Stock Exchange.
Trading was light, however. At the opening, the government reported that factory orders rose in June for the third straight month and that inventories had been worked down further.
Brokers also reported interest in a proposal for tax breaks on dividends outlined by Treasury Secretary William E. Simon. Source: Chillicothe Constitution-Tribune, Chillicothe, Missouri - July 31, 1975 - Newspaper Archive
NEW YORK (AP) - That rising jobless rate and the decline in prime interest rates are signals that the U.S. economy is undergoing a change that will bring both pleasure and pain over the next year. Shortages are being replaced by abundance in some supplies as consumer interest tapers off. Inventories of unsold goods are beginning to pile up in warehouses, and that means pressure for lower prices. Corporations are curtailing borrowing plans, fearful that an economic downturn will leave them overextended. Individuals, too, are trying to cut their borrowing and pay off their loans. As the demand for money eases, interest rates are likely to continue falling, although many previously fearless forecasters are reluctant to say how low those rates might fall, having been burned too often in the past. With economic activity continuing to dry up, at least in comparison with the bloated economy of the past few years, the jobless rate is headed relentlessly, inevitably higher.
Here are some recent comments by economists of influential business and financial institutions regarding jobs, -interest rates and the rate of inflation: Consumer prices might increase by 8 to 9 per cent in 1975, the Bank of America states, compared with a rise for 1974 that it puts at 10.5 per cent. In its "Focus on the Economy - 1975" the bank didn't state a specific jobless figure but referred lo moderately high unemployment during a year of little real economic growth. The First National City Bank, second only to Bank of America among the nation's largest commercial banks, believes an easing of inflation will begin to show up in the Consumer Price Index by the first quarter of 1975. Citibank economists say they still look for a drop in the Inflation rate to 6 per cent in the early part of 1975. The Commerce Department put the inflation rate at 11.5 per cent in the three months that ended with September. Lionel D. Edie & Co., .the economic research and consulting arm of Merrill Lynch, the world's largest brokerage house, foresees a drop in the cost of borrowing money to as low as 9 per cent by December. The prime lending rate now is around 11 per cent, having fallen from a peak of 12 per cent in September. Albert H. Cox, chief economist, believes a 7 per cent rate might be reached by spring or summer. Most large financial institutions believe, however, that the Jobless rate will continue to rise through next spring, reaching or exceeding 7 per cent, and maybe even 7.5 per cent. It is now 6 per cent of the civilian labor force. Bank of America believes "moderately high unemployment is likely to be experienced," although it referred to no specific figure. In the past decade the jobless rate has ranged from under 4 per cent to slightly more than 6.
Source: The Abilene Reporter-News, November 4, 1974 Pg. 3A
Other 1970s NewsHousing Project Harassment Charges Dismissed, Reduced
All charges against one of 10 Negro teenagers accused of harassing a Mexican-American family on Jan. 20 at the Matthew Henson Housing Project were dismissed yesterday in Juvenile Court. Source: The Arizona Republic, February 20, 1970 Pg. 45
RETRO-SPECTIVE THE DECADES PAST:
Life in the 1970s
But Berke also said he believed that it might he the end of this decade before the nation's health care system could be molded into more efficient patterns that would provide better care for more people in a less expensive fashion than it does today.
Berke said the Hospital Association has been meeting with the American Medical Association, and such private health insurance groups as Blue Cross, to review national health insurance proposals.
At least seven variations of national health insurance plans have already been proposed, and several more are expected to be set forth this year.
Such old adversaries as the A.M.A. and the United Auto Workers Union also have met to discuss differences in their own universal health insurance ideas.
The proposals would include most, if not all Americans, although their comprehensiveness and financing differ radically. During a news conference at the hospital association's annual convention here, Berke said that "it may take a 10-year plan" to overhaul the nation's health care system, which the White House has described as "nearing a crisis."
"We need to feed in changes a piece at a time," Berke said, adding that if attempts were made to reform the system overnight "there would be a tremendous inflation in medical care costs."
The 1970s opened with a bang:
Fatal Shooting of Four to Be Investigated
Here is a link to the WDR Live Footage of the Shootings Warning! People are shot and killed - for real! - dead! - you see it - it isn't nice to watch! (Commentary is in German)
Kent State University, evacuated after four students were shot to death by National Guardsmen breaking up an antiwar demonstration, was virtually deserted and under heavy police and military guard today.
National Guard officials said the civilian soldiers fired in defense of their lives when the student crowd closed in, throwing rocks and chunks of concrete.
The dead were: Miss Allison Krause, 19, Pittsburgh, Pa., Miss Sandy Lee Scheuer, 20, Youngstown, Ohio, Jeffrey G. Miller, 20, Plainview, N.Y., and William K. Schroeder, 19, Lorain, Ohio. Moberly Monitor-Index, May 5th, 1970
Scenes from the Vietnam War and Kent State Shooting
The US Presidents
1970s Time Line