The Third House In Finance
June's power struggle between the Federal Reserve and the Administration tested the economy as the stock market acted as a third house. Officials reassured the public while taxes were used to ease spending and the debt limit was raised. In the end, the market signaled confidence, upholding presidential primacy with the Fed advising but not rocking the boat.
MENTIONED IN THIS ARTICLE
William McChesney Martin
Federal Reserve Board
Johnson
Secretary of the Treasury and
of Commerce
Budget Bureau
Council of Economic Advisers
Martin
Kennedy
Federal Reserve
Reserve Board
Stock Market
Six Telling Votes Tilt Housing Subsidy Through House
The House passed the rental subsidy bill by six votes, shaping Johnson’s broader program this session. It allows federal Housing to cover rent gaps up to a quarter of a family’s income, aiming to open all white neighborhoods to low income Black families, and drawing conservative Southern Republicans into a coalition. Johnson’s major liberal agenda now faces fewer obstacles, with future measures likely to pass more easily.
MENTIONED IN THIS ARTICLE
House of Representatives
Johnson
Congress
Postwar birth boom to strain schools and funding
Census figures project postal boom from 2.9 million births in 1946 to 4.5 million this year and 5.2 million by 1970. Rising enrollments and longer schooling push education costs from $36.5 billion today toward $50 billion by 1970 as preschool and higher education expand.
MENTIONED IN THIS ARTICLE
Lion
Farm labor clash looms over food prices and Housewives vote
President Lyndon Johnson faces a growing threat from grocery price tensions as Wirtz’s foreign labor ban narrows harvest labor. Rep Charlotte Reid warns of a housewives revolt at rising food costs while Republicans press agricultural scare plans and Reagan touts the issue in California. The report highlights A-team worker limits, bracero replacement costs, and potential nationwide impact.
MENTIONED IN THIS ARTICLE
Lyndon Johnson
Charlotte Reid
Illinois
Congress
Reid
Publican
Congressional Committee
Willard Wirtz
George Murphy
California
Spessard Holland
Florida
John Tower
Texas
Wirtz
America
Rowland Evans and Robert Novak Inside Report
A strong upstate party leader urges revolt against Gov. Nelson Rockefeller in a May 14 letter to Jacob Javits. State Sen. John Hughes of Onondaga County advocates replacing Rockefeller with Javits to save the Republican Party, warning a re-election bid would doom the party.
MENTIONED IN THIS ARTICLE
Nelson Rockefeller
New York
John Hughes
Onondaga County
Syracuse
Hughes
Rockefeller
Sen
Jacob Javits
Javits
John Hugheses
Republican County Committee
Kenneth B. Keating
Malcolm Wilson
John V. Lindsay
Louis Lefkowitz
Republican split warns Rockefeller leadership in New York
A letter from John Hughes signals an intra party revolt against Governor Rockefeller. Hughes argues the GOP lacks leadership and proposes Javits as a potential alternative while detailing grave discontent among county workers and top Republicans about Rockefeller’s prospects and influence.
MENTIONED IN THIS ARTICLE
Rockefeller
New York
Lindsay
Emmett Hughes
Newsweek Magazine
John Hughes
Ohio lawmakers push toward adjournment amid school funding debate
Ohio legislators hoped to end their session by Memorial Day as they resume talks on a $100 million school subsidies package. House leaders expect to clear the school foundation bill and other measures this week, while Senate members scrutinize how the extra funds are distributed over the next two years. The session, now in its 96th day, trails the 1959 record of 115 days.
MENTIONED IN THIS ARTICLE
Reed Smith
Ohio
Roger Cloud
House
Senate
Walter E. Powell Rbutler
Fairview
Cloud
Rhodes
Theodore M. Gray
Piqua
Dear Abby and Letters on Marriage and Politics
A collage of Dear Abby advice snippets on unusual graduation gifts and marital dynamics. Readers discuss a $25 gift to a psychiatrist, managing space and privacy in marriage, and parental responsibility. The latter half shifts to political gridlock in the Ohio General Assembly over a school funding bill, reapportionment, and a capital improvements push with partisan maneuvering and confirmations pending.
MENTIONED IN THIS ARTICLE
Abby
Athen Story Told By School Superintendent
Reader critique outlines methods used to pass school levies including lowering approval thresholds and scare tactics. Parsons questions state funding, tax shifts, and urges alternative revenue such as general sales tax and income tax, criticizing the education department and property tax burden.
MENTIONED IN THIS ARTICLE
the Messenger
Athen
Athens City
Plant
State Department of Education
Department of Education
Donald S. Parsons
Athens
Also Mentioned on This Page
John Chamberlain
Blythe
Colorado River
Michigan
United States
Ronald Reagan
Reagan
Republican Congressional Committee
House Republican Planning and Research Committee
Lyndon
Lady Bird
Rowland Evans and
Robert Novak
Inside Report
New York City
Republi
Republican Party
New York State
Dear Abby
DAZED
Cambridge
Arthur
Rules
Owi
Renee Eert
Eee
Messenger
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