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News stories from Saturday January 22, 1977
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The rebates on 1976 income taxes that will be part of the Carter administration's economic stimulus program will, if the President's economic advisers have their way, be $10 billion to $11 billion. The aides also propose to make the more than 30 million Americans whose incomes are below taxable levels beneficiaries of the package. The main elements of the program are expected to be cleared by the first of the week for presentation to Congress. The administration was said to be hoping to announce the details Thursday. [New York Times]
- Federal energy officials are preparing emergency legislation that would authorize the government to shift natural gas distribution from relatively well supplied states to those with the most acute shortages. They believe this is the best way to alleviate the fuel shortage, and hope to have the legislation ready for presentation to Congress this week. [New York Times]
- Because of an electronic quirk, operators of citizens band radios are also transmitting their messages through home radios, television sets, high fidelity tuners, microphones, church public address systems and, in one reported case, even through the oven of an electric range. The intrusions generally are unwelcome. The Federal Communications Commission has received over 100,000 complaints and Congress is seeking a legislative solution. [New York Times]
- Danbury, Conn., once a thriving manufacturing center, is getting a big economic boost from the corporations that are moving or have moved from New York. City. Big office campuses are taking up empty land, putting new customers in Main Street shops, stimulating house sales and providing opportunities for higher-paying office and management jobs for local residents. One of Danbury's principal advantages is that it is only an hour's drive from New York City on two new interstate roads. [New York Times]
- The Soviet economy fell short in a number of key areas in 1976 and some of its growth rates were at their lowest level in 25 years, according to statistics released in Moscow. The grain harvest last year of 224 million tons, however, was a record figure. A key economic indicator, industrial output, increased by 4.8 percent, exceeding the goal of 4.3 percent that had been set for 1976, but the larger increase appears to be the smallest general industrial gain since World War II. [New York Times]
- Carrying out President Carter's campaign pledge to consult America's allies on international issues, Vice President Mondale will leave today on a diplomatic mission to five European countries and Japan. During his nine-day trip, Mr. Mondale will also discuss arrangements for an economic summit meeting this spring, which Mr. Carter plans to attend.
In his travels, Vice President Mondale is expected to receive conflicting appraisals of the Western world's economic prospects and conflicting advice on what the Carter administration should do to restore prosperity among its allies. In West Germany and Japan, the Vice President is expected to find resistance to stimulation of Western economies. [New York Times]
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