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Newspaper
Athens Messenger
Location
Athens, Ohio, United States of America
Date
Jan 01, 1965
Page
6
An unnamed European diplomat hails the United States economy as unmatched in size and growth. He cites a 624 billion dollar gross national product this year and 40 billion in growth, dwarfing the Soviet Union and Canada. Full employment and rising living standards are noted amid expectations of sustained expansion driven by labor force growth and productivity.
The New York Board of Education prioritizes a full day of school for every child, arguing early teaching boosts learning. Citing research on peak potential at young ages, officials say kindergartens should emphasize learning over play and start earlier than current age minimums.
The book by Erich Fromm, published by Harper and Row, argues freedom of choice in smoking depends on character. He says some cannot choose rationally, others lack inclination, but most are free to choose as conflicting urges balance in each person.
The piece argues the NLRB substitutes mind reading for evidence in its GE case, warning that civil rights disputes may yield unfair outcomes as precedents grow. It cites Virgil Day's outrage over the board’s view of negotiations and notes a similar bias in a Motorola hiring case in Illinois, where a test paper was destroyed after grading.
AP Special Report details a 1965 forecast of GNP around 659 billion dollars with about 4.5 percent growth after inflation. Risks include steel labor troubles and tight money, plus potential excise tax tweaks to curb demand if needed. Industrial inventories and steel prices could influence inflation and growth through the year.
Government economists expect 1965 growth driven by 8 percent rise in business spending on new plant and equipment to 47.7 billion, 3 percent construction gain to 68.2 billion, and a 10 percent jump in industrial construction to 3.6 billion. Durable goods demand like autos and televisions remains bright. Federal spending up about 2 billion as antipoverty and new programs start, while housing programs may push construction higher.
Exports stepped up in 1964 with expected further gains as Kennedy Round tariff talks may spur U S companies into new programs. Unemployment may ease slightly though total jobless still above 5 percent after four years of growth. Teenagers show high unemployment driving the rate.
A tax briefing notes reductions in state sales tax deductions for 1964. For high earners with many dependents the standard allowance falls from 195 to 168, while average taxpayers see lower figures. Taxpayers may still deduct sales tax paid on a car and seven cents per gallon on gasoline, in addition to the flat table amount.
Bolivia's military government plans to offer pesos in exchange for machine guns rifles and ammunition held by 25 000 tin miners at carnival time next spring to curb violent disorder in the tin industry and reduce the miners veto over management. The move parallels efforts to reform COMIBOL and curb military political influence while preparing a larger army to stabilize the country.
The column cites Walter Pitkin’s “Life Begins at Forty,” honoring his view that maturity brings growth and richness. At sixty words, it highlights Pitkin’s Columbia background, his 1930s bestseller, and his claim that life after 40 proves more exciting and profitable, with aging seen as an asset.
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