News stories from Sunday November 28, 1976

Summaries of the stories the major media outlets considered to be of particular importance on this date:

The Carter administration will be asked by the nation's largest organization of city officials to provide a $3.5 billion public works program to create employment in deteriorating cities. "This would be better than a tax cut," Hans Tanzler, president of the National League of Cities, said that the opening of the league's Denver convention. [New York Times] The electronics industry in this country has been hit hard by imports that have cut into its radio and television market and other changes that have brought diminution, not growth. From 1969 to 1972 it is estimated that 1,129,000 electronics workers lost their jobs because of plant closings. What has happened to these workers? Part of that can be found in interviews with former employees of the Emerson Electric Company's television and radio plant in Jersey City, where 1,000 production workers were laid off in 1970. Emerson has since been relying on a plant in Taiwan. [New York Times] An 18-year-old student was charged with the murder of his parents, Harry and Mary Jane De La Roche, and two younger brothers at their home in Montvale, N.J. The parents and the two children, Eric, 12, and Ronald, 15, were shot to death. Harry De La Roche Jr., who was charged with the murders, was said to be a student at the Citadel, a military college in Charleston, S.C. [New York Times] Amy, President-elect Carter's 9-year-old daughter, will attend the predominantly black Thaddeus Stevens public school in Washington when her family moves there in January. Her mother made the announcement in Americus, Ga., through Mr. Carter's press secretary. [New York Times] The Nation, the 111-year-old, liberal weekly journal published in New York City, is being sold to Thomas Morgan, who resigned last month as editor of the Village Voice, There is a purchase agreement between Mr. Morgan and James Storrow, the Nation's publisher. It is said that the 50-year-old Mr. Morgan will spend $100,000 to $150,000 to acquire ownership. [New York Times] Most investment bankers and bond traders seem to believe that they have not yet reached bottom despite the drop last week of most interest rates to their lowest levels in several years. Their views will be tested this week on three fronts: when the Treasury sells $2.5 billion of 49-month notes Tuesday, when the Bell System markets $150 million of bonds Wednesday, and when Hawaii offers a $75 million issue of bonds Thursday. [New York Times] Rosalind Russell, the epitome of wit and sophistication as an actress on the stage and screen, died of cancer at her home in Beverly Hills, Calif. She was 63. Miss Russell is perhaps most fondly remembered for her interpretation of Auntie Mame, the madcap character in Patrick Dennis's novel of that name. [New York Times] Australia's currency was devalued by a peacetime record of 17½ percent. The government did this to make its wool, meat and other exports more competitive in the world market, to stimulate foreign investment in Australian industry and to bolster the country's foreign currency reserves. The Australian dollar now is the equivalent of $1.0174 in American money. It had an official value of $1.2354 at the end of trading Friday. [New York Times] Only the Lebanese army, Prime Minister Yitzhak Rabin of Israel said, should control the southern area of Lebanon bordering on Israel. Mr. Rabin made the statement at a news conference in Geneva, where he attended a conference of the Socialist International. He also said he considered the presence of either Syrian or Palestinian armed units in southern Lebanon "intolerable" and that Israel stands firmly by the 1918 borders between Lebanon and what was then Palestine. [New York Times] Loans in hard currency from oil-producing countries of the Middle East are increasingly sought by Communist governments in Eastern Europe. International banking sources say that the money is wanted to buy advanced technology in the West. Rumania, for example, is negotiating a sizable loan with Kuwait to finance the purchase of industrial equipment. [New York Times]