Jobless Claims Fall Yet Again Amid Mixed Economic Signals
The Labor Department reported 8,800 fewer initial claims last week bringing total to 420,900. Regular benefits declined by 13,900 to 4,676,200, while 1,610,600 remained on emergency aid. Auto executives warned of weak May sales, with Chrysler and Ford down sharply and GM off 17 percent. NYC and other cities faced cash crises, stoking concerns for a broader recovery.
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Labor Department
Chrysler
Ford
General Motors
American Motors
Douglas Greenwald
McGraw-Hill Publications
Greenwald
Eel Service Institute
San Francisco
New York City
Eliot Janeway
Detroit
Philadelphia
Newark
Janeway
Congress Divided Over Ford Primes Cambodia Actions
White House described a strong bipartisan showing for the President’s move to sink three Cambodian gunboats and free an American freighter crew amid Southeast Asia tensions. Democratic leaders and senators weighed legality under the War Powers Act, with many cautioning restraint while others urged firmness to rescue the crew and punish piracy.
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Pratt
UPI
White House
Atoesiay
Ford
Camel
Nessen
Senate
Mike Mansfield
Henry M. Jackson
Washington
Tonkin Gulf
Jackson
John Pastore
Rhode Island
Dick Clark
D-lown
James C. Eastland
D-Miss
Comedia
John C. Stennis
Senate Armed Services Committee
Johin Seiberling
D-Ohio
Indochina
Congress
Dante Fascell
DFI4
Thane International Relations Committee
Jess
Te Fats
Edward M. Kennedy
D-Mlass
United States
Stuart Symington
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