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Newspaper
Bennington Banner
Location
Bennington, Vermont, United States of America
Date
Mar 15, 1968
Page
12
Elements of three U.S. divisions under Gen. William C. Westmoreland begin the largest campaign around Saigon. The operation marks a major escalation in the Vietnam War with broad military objectives and substantial troop deployment.
The Federal Reserve raised the discount rate from 4.5 to 5 percent for prime borrowers, aiming to strengthen the dollar and curb inflation. New York, San Francisco, and Philadelphia resisted, delaying full adoption. Some analysts argued caps could rise to 5.5 percent or more to counter global economic pressures. In Vietnam, a 30,000 man force pursued Communist forces in Saigon’s vicinity under Operation Certain Victory, with 233 Communists killed and two large arms caches seized. Air and ground operations across North and South Vietnam continued with multiple bombing missions and clashes.
The Senate Ethics Committee urged full disclosure of personal finances by senators including copies of federal tax returns. A four point code would publicly disclose only certain sums above 390 dollars. Reports would be filed in sealed envelopes with the comptroller general by May 15 annually and kept seven years. The committee argued broader public disclosure risks press sensationalism.
Gold prices jumped to $44.36 an ounce in Paris, with a 23 percent rise mirrored on Zurich’s black market and Beirut’s centers seeing similar gains. The Washington meeting loomed as key to currency stability, with fears of dollar and pound devaluation and a global shift away from the dollar and pound as the main trade benchmarks.
About 140000 New York State employees will receive a 10 per cent pay hike with a minimum annual increase of $600, financed by a $100 million package. Governor Rockefeller and the Civil Service Employees Association announced the agreement, after an initial offer of eight per cent. The plan may impact the state budget and tax proposals, with the CSEA initially seeking 20 per cent.
MONTPELIER UPI The House Agriculture Committee voted 92 to deny further consideration of a land use preferential tax bill. Gov. Hoff criticized Republicans for opposing tax relief and open spaces preservation, while Democrats sought to apply relief to low income families and the elderly. The measure would tax land by use rather than fair market value, lowering farm and forest land values, a plan Republicans and Atty. Gen. Oakes condemned as unconstitutional and harmful to farmers and local taxpayers.
The Senate backed House approved legislation to abolish Vermont s 14 county jails and replace them with four regional facilities in Chittenden Rutland Caledonia and Windsor counties with rehabilitation programs. The 1969 operating cost is 443000. The plan arises from a 1967 Legislative Council study noting aging facilities poor staffing and limited rehabilitation.
Arlington theater group triumphs in county contest with a new play by local writer Page 6 notes North Village approves non graded school plan Page 6 and Shaftsbury finally folds Page 7.
UPI reports WHDH-TV quotes a Washington source that Robert F Kennedy will announce on Saturday his candidacy for the Democratic presidential nomination. Edward M Kennedy says Bobby will decide in his own time. The Boston event coincides with the John F Kennedy Federal Building dedication and St Patrick's Day remarks.
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