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May 26, 1972 - Image 9

Resource type:
Text
Publication:
Michigan Daily, 1972-05-26

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I, Friday, May 26, 1972

THE MICHIGAN DAILY

Page Nine

Friday, May 26, 1972 THE MICHIGAN DAILY Page Nine

Ki(ilapped
Jimmy Roberts talks to his wife while she is being held hostage
at a Dallas airfield yesterday. The man sitting next to her in
the car robbed the couple's drive-in grocery and then demanded
a jet airplane "to get out of the U.S.A."
APRIL FIGURES:
U.S. govt. reports rise
in economic indicators
WASHINGTON (M - The nation's economy may be
growing stronger, according to the commerce department's
leading economic indicators.
The department reported yesterday that. its monthly
composite index of indicators gained 1.4 per cent in April
on top of an upward-revised 1.9 per cent in March. The
March increase, earlier reported to be 0.9 per cent, proved
the biggest in a year.
The indicators are designed to foretell general eco-
nomic movements, but their reliability as a precise mea-
sure of the economy's
strength is widely ques-
tioned.
The c omme r c e department
said that the April increase was
bro sdly bas ed m eaning th atn n n lf,\uJ n O N
virtually all areas of the econo-
my that the indicators are
supposed to measure looked
good.
Indicators were up for the
average work week, claims for
unemployment insurance, dur-
able goods orders, contracts,
and orders for plants and equip-
ment building permits, indus-
trialematerials prices, and stock _
prices.
The index climbed to 140.2
per cent of the 1967 average. It
has risen in 17 of the last 18 M1.F
months and by an average of
1.3 per cent since last Septem- Ann A
ber, the time the economy 618 S.
started accelerating.Comp
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Govt. se(
WASHINGTON (A)-- A law
giving top secrets only three
years to remain hidden from
the public was proposed yester-
day by Rep. William Moorhead,
(D-Pa..
Leaks and publication of the
Pentagon Papers and other sec-
ret documents revealed "glaring
examples of overclassification,
needless classification, malad-
ministration and a general
breakdown" of the security sys-
tern governed by presidential
orders, said Moorhead, chair-
man of the House government
information subcommittee.
Moorhead introduced legisla-
tion to replace presidential di-
rectives on classifying docu-
ments and to fight bureaucratic
tactics of withholding informa-
tion from Congress.
He called for setting up a
nine-member independent reg-
ulatory body and giving it ex-
tensive power over the security
classifying system of the exec-
utive branch.
Under the bill, 13 executive
departments and agencies would
have classification authority,
and there would be strict limits
on who could use it. Top-secret
stamps would go only to top
officials its the Whsite House,
State Departmenst, Pentagon,
Central Intelligence Agency and
Atomic Energy Commission.
There would be an automatic
15-year declassification of pre-
viously classified documents: A
Special Rates
Memorial Day
Mon., May 29
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three-year downgrading proece- when involving the President or
dure would then apply to newly top officials, and even this
stamped ones. would need approval of the new
Certain types of highly sensi- commission.
tive national data -- such as Moorhead said yesterday that
codes and intelligence sources- he would like to make secrecy
could be hidden under a proce- an issue in the presidential
dural "savings clause," but only campaign.
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STAND OUT ...
from the Crowd
Make good use
of your spare time,
working on and
learning about
newspaper production.
JOIN THE DAILY
BUSINESS STAFF-Call Andy 764-0560 (days)

upon You May Ever Rip Out...

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