1962 Stock Market Rebounds and Turmoil Highlight Infamous Year
New York UPI report marks 1962 as the second most infamous stock market year, noting a peak to trough swing with about 80 billion in losses early year and 48 billion recovered by year end. It cites the May selloff, a six-week Cuban crisis rally, tax-cut hopes, and rising inflation fears shaping 1963 outlooks.
MENTIONED IN THIS ARTICLE
New York
UPI
Dow
Stock Exchange
Justice Department
Securities & Exchange Commission
Kennedy seeks Order for Advance as Communist Front
Attorney General Robert F Kennedy asked the Subversive Activities Control Board to force Advance a New York City group to register as a Communist front organization citing its 1960 founding by the Communist party and ongoing direction and funding. The Justice Department noted an FBI led inquiry and filed under the 1950 act.
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Washington (Ap
Robert F. Kennedy
Subversive Activities Control Board
Advance
New York City
Kennedy
Communist Party
Clinton St
New York
Justice Department
FBI
U.S. Communist Party
Pensioners Must Return Income Questionnaires
Charles L. Jacobs of the White River Junction VA Office urged veterans or dependents to return their pension income questionnaires by January 31 or risk discontinued payments and repayment of all pension benefits received in 1962 and January 1963. The questionnaire carries a warning about mandatory repayment if not submitted.
MENTIONED IN THIS ARTICLE
White River Jct
Charles L. Jacobs
Veterans Administration
White River Junction
Jacobs
U K Plans Four Polaris Submarines With Nuclear Missiles
A British Parliament member said Britain will build four submarines capable of firing Polaris missiles. He estimated the cost at about 700 million dollars, comparing it to the Skybolt option and noting the long run cost to close the deterrent gap. The plan, under the Nassau agreement, involves Britain building subs and buying missiles from the United States.
MENTIONED IN THIS ARTICLE
Washington
Britain
Julian Critchley
Critchley
Nassau
Kennedy
Harold Macmillan
United States
Pentagon
Cassini Bares Spring Collection with Twist
New York designer Oleg Cassini presented a spring collection during press week with a twist of humor and fashion notes. He discussed body-conscious cuts, back detailing, and rainwear, drawing attention from over 200 style writers while acknowledging Jacqueline Kennedy Onassis as a long-time muse.
MENTIONED IN THIS ARTICLE
New York
Oleg Cassini
John F. Kennedy
Bob Hope
Oleg
Cassini
Jacqueline Kennedy
Government expert Dr. Hyrum M. Smith lands in Wis for speech
Dr. Hyrum M. Smith, a guidance specialist with the Department of Health, Education and Welfare, was slated to address a college guidance conference in Menomonie, Wisconsin. He misrouted to Menominee, Michigan, 240 miles away, then chartered a private plane to arrive in time for the program.
MENTIONED IN THIS ARTICLE
Hyrum M. Smith
Smith
Department of Health, Education and Welfare
Menomonie
Wis
Menominee, Mich
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Associated Press