This Day In 1970's History: Friday December 3, 1976
- Wage-and-price control authority will not be sought from Congress by Jimmy Carter, who took a 180-degree turn from the position he maintained in his campaign. He always had said he needed the standby authority. Mr. Carter, at a televised news conference, explained that he would not seek the authority because anticipation of controls was causing companies to raise prices now. [New York Times]
- Two major cabinet posts in the Carter administration have been filled with the appointment of Cyrus Vance, a New York lawyer, as Secretary of State, and Bert Lance, a Georgia banker, as director of the Office of Management and Budget. The appointments were announced by Mr. Carter at a televised news conference in Plains, Ga. The men who had seemed to be the leading candidates for Secretary of the Treasury, A.W. Clausen and Irving Shapiro, asked to be withdrawn from consideration. [New York Times]
- Unemployment in the United States rose to 8.1 percent in November, the highest level this year, despite an apparent substantial increase in the number of employed people, the Labor Department said. The figures indicated that most of the new unemployed were adult men, a sign of economic deterioration. [New York Times]
- Gary Gilmore's execution by a firing squad Monday has indefinitely been postponed by the United States Supreme Court, which wants more time to consider his case. Only an hour before the Court's decision reached Salt Lake City, the Utah State Supreme Court ruled against further delay in Mr. Gilmore's execution. The U.S. Supreme Court did not, however, announce decisions on requests that it stay the executions of two convicted murderers from Texas who are scheduled to be executed next week. [New York Times]
- New-car sales were up 20.8 percent in the final third of November, compared with the similar period last year. The annual sales rate of new cars in November rose to 8.2 million from 7.8 million in October. November sales would have been up 500,000 more if there had not been a strike at the Ford Motor Company, analysts said. [New York Times]
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