This Day In 1970's History: Monday February 14, 1977
- "Lifetime security" was the major issue in contract negotiations that were started in Washington between the United Steelworkers of America and the steel industry. I.W. Abel, the union's president, said that the union's goal was "a job for life with a decent, respectable income for life." Substantial wage increases and other benefits are also goals of the union. [New York Times]
- Senate and House members who were candidates for election in 1976 received more than $22.5 million in contributions from corporations, labor unions and professional and trade associations, a record figure that was nearly twice as much as the amount given in 1974. A study of special interest support by Common Cause, the public affairs lobby, said the American Medical Association and its affiliates were the largest single source of the campaign funds. [New York Times]
- A cut of about one-third in household use of energy may be needed, Federal Energy Administration officials said. One fuel-saving plan under consideration by the F.E.A. would require utility companies to insulate homes and to bill customers for the work. [New York Times]
- Blue chip and glamour issues regained their top position in the stock market after a slump, but that did not prevent trading volume from falling to its lowest level this year. The Dow Jones industrial average, which had been faltering, closed up 6.81 points to 938.33. Most corporate bonds declined an eighth or a quarter of a point. Tax-exempt bonds were stable. Government securities declined but eventually made up their losses. [New York Times]
- An admirer of Adolf Hitler killed five persons in a shooting spree at his employer's moving company in New Rochelle, N.Y., then shot and killed himself after a siege of several hours by the police. Frederick Cowan, a collector of Nazi paraphernalia, entered the plant, killed four fellow workers and as police officers arrived, he killed one of them. Five persons were wounded. Although several employees remained hidden in the plant during the siege, none was held hostage, and no shots were fired between the gunman's early outburst with a semi-automatic rifle and his suicide with a pistol in mid-afternoon. [New York Times]
|
