News Articles on Banks Are Scored by Volcker
Date: 27 January 1976
By DOUGLAS W. CRAY
Douglas CRAY
Fed Reserve Bank of NY Pres Paul A Volcker scores media for lending 'sensationalized air' to bank problem areas by publishing articles based on 'fragments' of bank exam repts maintained by Fed Reserve, Currency Comptroller and FDIC, speech at meeting of NYS Bankers Assn, NYC; claims articles might give wrong impression about stability of banking system; concedes some banks are having problems, resulting from econ situation, but holds they are being corrected; notes basic earning power of banks has improved; illus (M)
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Wisdom Of the Sages
Date: 27 January 1976
By Russell Baker
Russell Baker
Russell Baker humorous article, in form of questions and answers, notes cliches being used by pol reporters to describe Pres candidates and issues (M)
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Nessen and Colby Say Agreements Have Been Violated; Nessen and Colby Denounce Leaks of Intelligence Report as Violation of Agreements With House Panel
Date: 27 January 1976
By NICHOLAS M. HORROCK Special to The New York Times
White House press sec Ron Nessen and CIA Dir William E Colby charge that leaks of HR Select Intelligence Com rept on intelligence activities violate agreement between com and exec branch; Nessen says leaks raise questions about how classified material can be handled by Cong when natl security is at stake; Colby says that under agreement by which CIA supplied information to com, Pres Ford should have been consulted before any release of secret information and 'his decision would be final in the absence of further judicial determination,' news conf; says he believes rept is 'totally biased and a disservice' to US; says com, by selective use of evidence provided and by innuendo and suggestive language, implies that intelligence has deceptive budgets, no accountability and has not complied with direct order of Pres; denies this; Colby says 'best way' to stop leakage and the dangers to US it involves is by rapid dissolution of com; tells AP reporter in int that he told Washington Star in Nov '73 that CIA infiltrated news media; Repr R McClory attacks news leaks; says he is particularly upset because his minority opinion on rept was not reptd in NY Times; Repr R N Giaimo scores leaks; com staff dir A Searle Field says leaks did not come from com and that there are copies of rept at State Dept, exec offices and Pentagon; Colby denies anyone at CIA leaked information; repts' findings cited; Pres Ford awards Colby the Natl Security Medal and praises his leadership (M)
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Inquiry Shows Secret Aid To Many Foreign Leaders; House Panel Says a Third of Intelligence Operations Involved Funds for Political Parties--$75 Million Went to Italy Security Council Arm Other Initiatives Standards Unknown Summary Orders
Date: 26 January 1976
Special to The New York Times
HR Com on Intelligence rept says that many of operations approved by CIA without having been sent to Forty Com involved financial support for friendly foreign news media, major propaganda efforts, insertion of articles in foreign press and distribution of books and leaflets; says that only 1/4 of total press and propaganda program was directed by agency at Soviet-bloc nations, and that much of that involved clandestine delivery of Western literature to those countries and exporting to West of works by dissident Soviet authors (S)
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Kurdish Rebels in Iraq Gave Three Rugs to Kissinger
Date: 26 January 1976
Special to The New York Times
CIA Dir William E Colby notes that unilateral release of document containing long sections on CIA's financing of pol parties in Italy and its shipment of arms to anti-Communist forces in Angola and to Kurdish rebels in Iraq, much of which has already appeared in news accounts, violates HR Select Com on Intelligence's agreement with White House to 1st seek Pres Ford's approval to make it public (S)
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Av Westin Resigns as ABC News Officer
Date: 27 January 1976
Av Westin resigns as ABC-TV exec producer of news and documentary programs following dispute in Dec with ABC News pres William Sheehan; dispute reptdly centered on budgetary cutback to 7 documentaries this yr from usual 12 and apptmt of Steve Skinner to be producer of evening news program (M)
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Sports News Briefs; '75 Football Season Ends Tonight
Date: 26 January 1976
St Francis VI (US) wins 3d successive race in Amer-Australian Challenge Cup for 6-Meter class yachts, Sydney (S)
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