Still looking for personification of the phrase "all is calm - all is bright". It wasn't on this day in 1975. October 10th saw Israel begin returning oil fields in the Sinai back to Egypt as part of the Sinai Agreement based on lands taken during the 1967 War. President Ford lifted the grain embargo on Poland but kept the embargo in place for the Soviet Union. Meanwhile, it was disclosed the U.S. had a bumper crop of Corn and Wheat so far this year, with 5 3/4 billion extra bushels of Corn and 2 billion bushels of Wheat.
On the economic front, Russell Long of the Senate Finance Committee proposed a $2 billion tax cut, while President Ford wanted tax cuts and a cut in Federal Spending. The debate raged.
Pres. Ford did ask for $100 billion to set up a Energy Corporation, trying to stimulate the private sector into alternative fuel sources to foreign oil.
The latest batch of Anti-Busing protests in Louisville Kentucky forced President Ford to cancel an appearance at a Republican fund raiser, as it was deemed "not safe" for him to give Kentuckians any face time for a while.
The New York Default crisis was heating up with Governor Hugh Carey offering dire predictions if New York goes belly up. Chrysler announced a lay-off of 6600 workers and the shutting of two plants in Michigan.
Fighting escalated in Lebanon. The PLO were asked by the Lebanese government to come to their aid. Russia denounced recent Nobel Peace Prize recipient Andrei Sakharov. And the small, otherwise sleepy community of Waldport Oregon got their metaphysical shorts in an extraterrestrial twist when word of visiting UFO's were coming to town to pick up True Believers. It had everyone freaking out when it was discovered twenty of their townsfolk went up and missing for no apparent reason.
And so went this 24 hour stretch of hysteria for October 10, 1975 as presented by NBC Nightly News.
And we think we're full-up on crazy now . . . .