This Day In 1970's History: Saturday November 15, 1975
- President Ford assured the leaders of five major industrial nations today that the United States economy was recovering strongly and durably and that this would help insure economic growth in their countries. Speaking at the opening session of the economic summit conference at the Chateau de Rambouillet near Paris, Mr. Ford said that the American recovery from a deep recession had been greater than expected. His remarks were relayed to reporters by L. William Seidman, executive director of the President's Policy Board. [New York Times]
- Even Generalissimo Francisco Franco's most faithful followers -- judging from their comments -- assume that he cannot survive much longer. Virtually every public figure in Madrid makes at least one daily visit to La Paz Hospital, where General Franco clings to life, and the strain on them has begun to show. Murmurs that began two weeks ago about the usefulness of maintaining his life, and the agony that is accompanying that maintenance, have grown increasingly loud. Public unease was particularly evident Friday following the third operation on the Spanish leader. [New York Times]
- The long-held dream that nuclear power would give the United States and the world an endless supply of low-cost electric power has faded, according to a growing number of economists, technical experts and utility officials. One of the reasons is the soaring cost of building reactors, to an expected $1,135 per kilowatt in 1985 from $300 per kilowatt in 1972. [New York Times]
- Sources in the Senate Select Committee on Intelligence said that it was preparing legislation that would for the first time formally entitle Congress to share national security intelligence with the executive branch. Interviews with key administration and intelligence officials disclosed that the administration would not oppose this facet of legislative oversight. [New York Times]
- Governor Carey, the chairman of the House Banking Committee and the House Republican leader agreed after negotiations in Washington on a compromise on a federal loan-guarantee bill for New York City that they believe will attract Republican support and enhance its chance of approval. Representative Henry Reuss, Wisconsin Democrat and chairman of the Banking Committee, said the compromise "greatly improves the bill's chances, and what had been just a fighting chance now becomes a good, solid chance." Representative John Rhodes of Arizona, the House Republican leader, said "This is a much better deal for the country and the city. I think this definitely improves the legislation's chances." [New York Times]
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