Fed Hikes Discount Rate to Shield Dollar in Global Fallout
The Federal Reserve raised the discount rate from 4 to 4.25 percent to curb overseas dollar outflows after Britain's pound devaluation from 2.80 to 2.40. The move aims to align with world rates and curb inflationary spillovers, with limited immediate impact on U.S. consumer rates. Britain and other nations responded with further devaluations and mixed policy signals as Prime Minister Wilson defended the move to spur exports.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
U.S
Federal Reserve
Spain
Ireland
Denmark
Israel
Hong Kong
Harold Wilson
Britain
U S and World News Briefs Highlights Vietnam and UN
In Vietnam General Westmoreland cites manpower problems and suggests a possible token U.S. troop withdrawal within two years. UN topics include a British Middle East resolution, a likely defeat for recognizing Communist China at the General Assembly, and Cambodian efforts to replace Nationalist with Communist Chinese delegates. Also notes heart transplant readiness at Stanford, a 1966 Army hitch dispute in California, Mrs Kennedy returning from Southeast Asia, and the Pan American Mass with President Johnson praised by Cardinal O'Boyle.
MENTIONED IN THIS ARTICLE
Washington
William C. Westmoreland
U.S
South Vietnam
South
U. S
Vietnam
United Nations
N. Y
U. N
General Assembly
China
Peking
Friends of
Nationalist China
Huot Sambath
Johnson
Patrick Cardinal O’boyle
Cardinal O’boyle
Turkey Day Heloise Hints for Thawing the Bird
Inside Today page previews Thanksgiving kitchen tips by Heloise on thawing the frozen turkey. Also notes three people injured in Meigs County weekend highway crashes and local sports items including Oulo’s Bobcats honored at their annual football banquet.
MENTIONED IN THIS ARTICLE
Heloise
Meigs County
Oulo
Nelsonville
U.S. Paratroop Battle Near Dak To Aims for Relief
North Vietnamese regulars besieged a U.S. 173rd Airborne battalion at Dak To, 270 miles north of Saigon, in fierce hill battles near the Cambodian border. An American relief force reached the post at dusk. heavy ground fire prevented helicopter rescues as the fight raged all day. By nightfall, losses mounted with pilots missing and casualties estimated on both sides amid continued air strikes against Hanoi and nearby targets.
MENTIONED IN THIS ARTICLE
Saigon
U.S
South Vietnam
U.S. 173Rd Airborne Brigade
Associated Press
John Lengel
Dak
Highlands
Hanoi
Haiphong
Pentagon
U.S. Command
Dak To
Demilitarized Zone
U.S. 4Th Infantry Division
4Th Division
Hill 1416
Senate Vote Slated On Increase In Social Security
Washington reports the Senate aims to finish work on a sweeping Social Security bill before Thanksgiving. Debate limits and a key test on a Republican move to substitute the House version will shape final passage. The measure would raise benefits with a $70 minimum, and adjust the payroll tax base from a $6,600 wage base toward $8,000 next year and $10,800 by 1972.
MENTIONED IN THIS ARTICLE
Washington
Senate
Congress
Mike Mansfield
House
Senate Finance Committee
Finance Panel
Romney Visits Washington for Today Show Appearance
Michigan Governor George Romney, 60, travels to Washington to appear on NBC's Today Show and to seek a briefing at the State Department for a European trip next month. He aims to hold the presidency one day and to project national leadership during the visit.
MENTIONED IN THIS ARTICLE
Washington
Michigan
George Romney
United States
State Department
U S Reaches 200 Million Mark in Population Milestone
The United States marks a population milestone as it officially passes 200 million, becoming the world’s fourth largest. Census officials note a clock in the Commerce Department shows steady gains, while critics from the Population Reference Bureau dispute timing and counting methods. The 200 million total includes residents and service members overseas.
MENTIONED IN THIS ARTICLE
Washington
United States
Alexander B. Trowbridge
Secretary of Commerce
Census Bureau
Commerce Department
U.S
Chlorine Gas Threat Looms Over Alabama Town
Newton residents rushed home Sunday to save clothing keepsakes and pets as 100,000 gallons of chlorine gas posed a danger after a 49 car freight train derailed and burned. Alabama Public Safety Sgt. E. H. Jones said the tanker hull was cracked and crews prepared to crane or cradle the gas to move it.
MENTIONED IN THIS ARTICLE
Newton
Ala
Ger
Skeet Pate
Alabama Department of Public Safety
Ft. Rucker
Pate
Seaboard Coast Line
E. H. Jones
Alabama Highway Patrol
Percy Bankston
Carbon Monoxide Fumes Kill 3 Guests At Hotel
At the Yankee Clipper Inn near Akron Ohio three guests died from carbon monoxide fumes during a weekend event. Sixty others were treated in hospitals as ambulances rushed guests from the seven story 210 room motel. The deceased include Bruce Plagman 22 a Cleveland bridegroom who wed Saturday afternoon Betty Ann Bishop 50 a dance school owner and her sister Mary Bishop 56 a registered nurse from Elyria. Plagman was a St Edward High School 1963 graduate and hockey player at OM and CMU.
MENTIONED IN THIS ARTICLE
Akron
Ohio
George Miller
Cleveland
Bruce Plagman
Betty Ann Bishop
Mary Bishop
Health Crisis Warned As U.S. Health System Crisis Deepens
Washington AP reports a presidential commission warns a national health crisis may be upon us now or soon. It says health care costs are rising faster than living expenses and gaps exist in the quality and distribution of services.
MENTIONED IN THIS ARTICLE
Washington
America
Also Mentioned on This Page
Wilson
Edward Heath
Mid-East
Middle East
U. N. Security Council
Chicago
California
Stanford Medical Center
Journal of the
American Medical Association
Norman E. Shumway
Stanford
Lakewood
Calif
John Brown
Mrs. Jfk
New York
John F. Kennedy
Southeast Asia
Italy
Rome
Michael Forrestal
Defense
James V. Forrestal
Kennedy Airport
Abby
Estas Sports
Eeeneee Eee
Middleport
Point Pleasant
Pomeroy
William Plancon
Fairfield
Conn
Tod
St. Vincent's Hospital
Bridgeport
Gov. Romney
D. C
India
Soviet Union
Population Reference Bureau
Alexander Trowbridge
Alabama
Joe
Bobby
Enterprise
Elyria
Plagman
St. Edward High School
Cleveland Metropolitan Hockey League
Ohio University
Grove City
Charles Cooper
Ohio Wildlife Division
Dan Armbruster
Columbus
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