Fed Cuts Discount Rate To 5 Amid Economic Slump
The Federal Reserve Board cut the discount rate for commercial banks from 6 to 5.5 percent and then to 5 percent, in three moves within two months. The Fed said declines in short term rates prompted the action, while administration officials hailed the step as progress toward easing unemployment and reviving the economy. The move is not expected to directly affect mortgage or consumer loan rates but may trigger further reductions.
MENTIONED IN THIS ARTICLE
Washington
UPI
Federal Reserve Board
U.S. Postal Service Board of Governors
Postal Rate Commission
Rate Commission
Board of Governors
Fed
Nixon
Latvian women seek asylum in United States pleading harassment
A Latvian woman and her two daughters, denied political asylum in the United States, vow they will never return to Canada where they claim harassment by Communists. If necessary we will die here. The family, living in New York, argues Canada is unsafe and asks U.S. authorities to reconsider their case.
MENTIONED IN THIS ARTICLE
New York
UPI
United States
Canada
Manitoba
Anna
Abelins
Aina
Lucila
State Department
Lucija
International Refugee Committee
FDA clears most tuna but swordfish stock may vanish
FDA tests show less than 2 percent of canned tuna exceeds mercury safety limits while 89 percent of swordfish samples do. Recalled 1.2 million tuna cans after a prior month recall. tests of December had 23 percent excessive tuna mercury but on smaller, suspect-only samples. Other foods tested safe. warnings note long-term mercury health risks. Meantime swordfish wholesalers reject catches unless mercury is proven safe, potentially wiping out market stocks.
MENTIONED IN THIS ARTICLE
Washington
UPI
Food and Drug Administration
FDA
White children harass girl who helped Blacks
Little Mary Perkins, 11, used $10 Christmas money to buy toys for four Black children evicted from their home. Teens taunted her as a "Black person lover" on Christmas Day. police offered no action. Mayor Lare says legality is unclear. City Attorney to study protections. Mary’s mother filed an affidavit. Sgt. Bill Kimbro aided the family, giving $36 for lodging.
MENTIONED IN THIS ARTICLE
Sweetwater
Fla
UPI
Mary Perkins
Mary
Allen Lare
Everglades
Miami
Lare
Ed Moore
Perkins
Radioactivity detected from underground blast
Radioactivity from an underground nuclear test leaked into the atmosphere and was detected in 12 states and near the Canadian border. Dr. Melvin Carter said the leakage stayed within Federal Radiation Council exposure limits and posed no danger to humans or animals.
MENTIONED IN THIS ARTICLE
Las Vegas
UPI
Melvin Carter
Southwestern Radiological Health Laboratory
Federal Radiation Council
Carter
International Falls
Minn
U.S. Environmental Protection Agency
United States
Atomic Energy Commission
You Can't Win Em All at Manchester Cinema
Two soldiers of fortune team with a pretty girl in a romantically violent setting. Tony Curtis and Charles Bronson star with Michele Mercier. Screenings tonight and Saturday at 7:30 and 9:15. GP rating.
MENTIONED IN THIS ARTICLE
Tony
Curtis
Charles
Dirty Dozen
Bronson
Michele Mercier
Manchester
Akron Detergent Phosphate Ban Challenged in Court
The Soap and Detergent Association filed suit in Summit County Common Pleas Court against Akron's phosphate detergent ban. The ordinance requires phosphate removal by June 30, 1972 and labeling by Feb 1, 1971, mirroring Chicago's rules.
MENTIONED IN THIS ARTICLE
Akron, Ohio
UPI
Soap and Detergent Association
Akron
Summit County Common Pleas Court
Chicago
Harold Neiman
Medina may testify at Hutto court martial
Capt. Ernest L. Medina, commander linked to My Lai, was proposed as a defense witness as the Hutto court martial neared its end. The defense planned to present its first of 30 witnesses while Medina faced a separate hearing to determine possible court martial for the My Lai incident. Witness Tommy Moss testified Medina urged revenge and that villagers were to be killed.
MENTIONED IN THIS ARTICLE
FT. Mcpherson, Ga
UPI
Ernest L. Medina
U. S. Army
My Lai
Charles E. Hutto
Medina
Third Army
Hutto
Tallulah
Tommy Lee Moss
Spartanburg
S.C
V.C
Franklin R. Wurtzel
Moss
Also Mentioned on This Page
Viktorija Abolins
Heidelberg
Bn la Rhake
Heidelberg Beer
New England
Latvia
Winnipeg
Williamstown
Yves Montand
Irene Papas
Butch Cassidy
Sundance Kid
Harte Theatre
Paul Newman
Robert Redford
Broyles Roller Skating Arena
Dalton Ave
Pittsfield
Mass
Allendale
A Aties Eee
Bennington Banner
Mair St
Bennington
The
Banner Publishing Corp
United Press International
New York Times News Service
Whatthews
Shannon & Cullen Inc
Vermont
U.S
WED
Katharine Ross
Butch Cassidy and the
Anant
Eseeemmamenaetin
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