Tax Cuts For Three Industries Approved
The Ways and Means committee backed tax relief for three industries and a partial allowance for public utilities. The plan would cut $1.2 billion from revenue while yielding about $900 million in new revenue, with utilities receiving a $4 per $100 outlay relief.
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Commanders Named For Two New Divisions
The Army named commanders for two new combat divisions and said both would be activated within two months. Brig. Gen. Ralph E. Haines Jr. to command the last Armored Division at Fort Hood Texas and H. Manhart to lead the Mechanized Infantry Division at Fort Carson Colorado. Activation planned for February and March respectively.
Former Reuters chief Sir Rodarics Jones dies in London
LONDON Sir Rodarics Jones 84 former chairman and managing director of Reuters died at his home Tuesday. The obituary notes his leadership of the British news service and his long career in journalism.
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Thesday
Kennedy Praised for Church State Policy by Protestant Magazine
The Christian Century commends Kennedy for a record supporting separation of church and state in his first year, contrasting with America magazine which accuses him of courting Protestants and avoiding Catholic leaders. It notes Roosevelt and Truman had Vatican ties while Eisenhower avoided similar steps.
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Adenauer’s Condition Unchanged Amid Flu Report
West German Chancellor Konrad Adenauer remains ill with the flu, doctors said, his condition unchanged. In Seoul, Lt. Gen. Pal In Yup, brother of Paik Sun Yup, was sentenced to life imprisonment for corruption by South Korea’s special revolutionary court. In Atlanta, Census data show the South has about 30 percent of U.S. homes, with roughly half in poor condition or lacking plumbing.
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Reilly Resigns As American Stock Exchange President
Joseph F Reilly resigns as chair man and president pro tem of the American Stock Exchange amid a sweeping SEC inquiry. Edwin Posner and Hudd Brewer named acting leaders as state probes widen with Brewer linked to a sign procurement scandal and questions over payments to officials.
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Indiana sets records in nonfarm jobs and earnings
Indiana reports record production workers earnings and higher unemployment in December. Employment reaches 1,436,800 off the farm with about 108,500 jobless, up from November due to pre Christmas activity. Average weekly earnings hit 108.78 dollars and the work week 41.2 hours, while the unemployment rate rises to 5.5 percent.
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Mikoyan Returns From African Tour
Soviet Deputy Premier Anastas Mikoyan returned to Moscow from a tour of Guinea Shana Mali and Morocco Tass reported He visited during a state trip highlighting African relations and economic interests.
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Kennedy tax plan draws opposition and support
The piece reports mixed reactions to Kennedy's tax plan. Republicans and some Democrats question bypassing Congress and its impact on public works. Senate leaders and various lawmakers debate constitutional and policy implications as Osla and Montreal notes are included.
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Primatene Offers Asthma Relief Without Prescription
Asthma formula prescribed by doctors is now sold without prescription in many states. Primatene tablets claim to open bronchial tubes loosen congestion and relieve nervous tension, enabling sleep and freedom from asthma spasms.
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New York
N.Y
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