NAIC backs new life insurance cost formula to aid shoppers
An NAIC convention backed by the Nixon administration endorses a uniform life insurance cost calculation. The formula includes premiums, dividends, cash value, and interest, aiming to show cost per $1,000 coverage and help consumers compare policies. The plan shifts to an interest adjusted method, with some states already adopting disclosure requirements and firms like Bankers Life of Iowa and Allstate moving toward consumer-friendly data and 10 day free look periods.
MENTIONED IN THIS ARTICLE
Nixon
National Assn. of Insurance Commissioners
NAIC
Virginia Knauer
Knauer
Wisconsin
Stanley DuRose
New Hampshire
Arkansas
Pennsylvania
DuRose
Herbert Dennenburg
Dennenburg
Union plans proxy war for management voice at McDonnell Douglas
Victor Riesel reports on IAM District 837 pushing a proxy campaign to gain a say in McDonnell Douglas policy and a seat on the board, citing five million shares held by workers and a promised spokesman to mobilize proxies ahead of the spring 1974 stockholders meeting. The move aims to block Japan production and secure wages, with broader notes on worker participation in corporate governance.
MENTIONED IN THIS ARTICLE
Washington
Leonid Brezhnev
Karl Marx
Brezhnev
St. Louis
Red Smith
International Assn. of Machinists
Afl-Cio
Troia
Machinists
Japan
Machinists Union
McDonnell Douglas
California
Mach
Board of Directors
U.S
United Rubber Workers
General Tire Co
United Auto Workers
Irving Rluestone
General Motors
Bluestone
Tomorow
Mr. Brezhnev
June 15 History Highlights From Past Eras
On June 15 various historical milestones are noted. Key events include Britain's 1956 handover of the Suez Canal to Egypt and Christopher Columbus's 1502 discovery of Martinique, among others.
MENTIONED IN THIS ARTICLE
Associated Press
Britain
Suez Canal
Egypt
Christopher Columbus
Martinique
Ottawa
U.S
John Pershing
Paris
Office of War Information
Timeline of notable events and birthdays in 1967 era
Mentions Thurgood Marshall becoming the first Black Supreme Court justice in 1967. Recalls Canada curbing U.S. takeovers a decade earlier and U.S. South Vietnamese troop movements near Saigon five years prior. Notes Nixon submitting a nuclear arms treaty to Congress a year ago and lists birthday ages for Red Grange and Mickey Walker.
MENTIONED IN THIS ARTICLE
Mer Davis
Thurgood Marshall
U.S. Supreme Court
Canada
U.S
Saigon
Nixon
Congress
Soviet Union
Early Austin baseball highlights through 1940s
A retrospective recounts Austin baseball from pre 1900 struggles to the 1940s. It notes Burleigh Grimes’ early fame, Frank Dietrich’s influence, 1914 Austin’s strong 60 win team, and wartime declines. It traces Hormel Packers and kittenball growth, 1920s rosters including Maynard and Dietrich, and 1924 disbanding with later Independents and Cubs Wildcats efforts.
MENTIONED IN THIS ARTICLE
Austin
Austin Reds
Carpenter Blues
Carpenter
Meany
Burleigh Grimes
Minnesota
North Side Athletics
Minneapolis
Grimes
Brooklyn Dodgers
Pittsburg Pirates
New York Giants
Baseball Hall of Fame
Frank Dietrich
Frank
Madison
Wisconsin
Casey Stengel
Kansas City
Dietrich
Tracy Smith
Earl Dunfee
Deitrich
Grand Forks
Duluth
Crouch
Dunfee
Albert Lea
Mason City
Owatonna
Fort Dodge
Winnipeg
Dubuque
Fort Williams
Tri- States
Hormel Packers
Geoorge Wilson
Austin Coca Cola Co
H. R. Fenton
Dewey Wengert
Lisle Barr
Ross Grady
Art Cipra
Joe Meany
Stig Helleque
Chuck Kaufman
Tom Chapman
Leo “Dutch” Meany
Chet Bowers
Clarence Dugan
Mattsy Gute
Kermit Maynard
Maynard
Ken Maynard
Southern Minnesota
Adams
Hormel's
New Richland
Waseca
Blooming Prairie
Faribault
Tom Geraghty
Hormel
Independents
Joe Tezar
LeRoy
Preston
Cresco
Louis Quast
Cubs
Wildcats
Corning
Rose Creek
Lyle
Ted Bachman
Roy Jeffers
Art Leighton
Cleo Leighton
Skinny Thomas
Bill Malone
Bill Cummings
Schindle
Mayer
John
Hall
Kolb
McKenna
Terp
New Minerva coin issued by Republic of Minerva
A new 35 Minerva dollar gold and silver coin is issued by the exiled Minerva government. Limited to 10,500 pieces with 6,000 for public sale and 4,000 reserved. Obverse features Minerva in 24 karat gold on a silver mirror field. Also notes Eisenhower Proof Dollars from the U S Mint with May 1 ordering start.
MENTIONED IN THIS ARTICLE
Minerva
Republic of Minerva
Fiji Islands
South Pacific
Tonga
Minerva Development Bank, Ltd
Letcher Mint
P. O
Lancaster
California
Mary Brooks
Mint
Bureau of the Mint
Mint Street
San Francisco
Calif
Oes
Eisenhower
Flag Day Reminder Encourages Austin Residents to Fly Flag
The notice urges Austin area residents to fly the Stars and Stripes on Flag Day, June 14, praising the American system and representative government. It argues liberty, sacrifice, and national pride justify displaying the flag and affirming Americanism.
MENTIONED IN THIS ARTICLE
Austin Area
ACF Industries Joins Oil and Gas Exploration Program
ACF Industries, known for rail car leasing and carburetors, has joined a three year oil and gas exploration program in the southeastern United States. Chairman John F. Burditt notes energy shortages and foreign exchange costs as motives, saying domestic exploration could ease the energy crisis and premium prices abroad.
MENTIONED IN THIS ARTICLE
Try
ACF Industries
United States
John F. Burditt
ACF
Opinions of Others Provide Quiet City Ambience in Taxi Ride
A Detroit passenger enjoyed a private in-car concert after the taxi ride began with the Blue Danube and Strauss notes. The driver then played zither samples and explained musical differences before their stop. The anecdote appears in a Detroit Free Press citation.
Turn Back the Clock 30 Years Ago Highlights
Gov Edward H Thye will speak at Elk's Flag Day program at the handshell Sunday. A J McGillivray reelected president at Austin Junior Chamber meeting. Scrap moved to market in rural Mower County villages for the drive. Bankers A H Hankenson R F Lichty and Charles Wilkins attend the 63rd Minnesota Bankers Assn convention in Minneapolis. Co H members head to Camp Riley for training. Charles Pitzen son of Clem and Mrs Pitzen. Stacyville 1963 grad Visit ation High School approved as missionary volunteer for six weeks at Kiln Mississippi.
MENTIONED IN THIS ARTICLE
Edward H. Thye
A. J. McGillivray
Austin
A. H. Hankenson
R. F. Lichty
Charles Wilkins
Minnesota Bankers Assn
Minneapolis
Co. H
Camp Riley
National Guard
Charles Pitzen
Clem Pitzen
Stacyville
Visitation High School
Missionary Servants of the Most Holy Trinity
Persod
Kiln, Mies
Also Mentioned on This Page
Austin Daily Herald
Fellows
Union
Siee
By Victor Riesel
Missouri
Red Grange
Mickey Walker
Martha Mitchell
By Nate Johnson
Harriet
New Republic
Mort Reed
Nent
Car Calloway
2Nd St. NE
Edmund FE. Smith
Thomas J. Koeck
Minn
A.P.O
F.P.O
Franz Lehar
Sigmund Romberg
Detroit Free Press
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