Chlorine Tanker Derailed Shuts Newton Alabama
A derailed freight train near Newton Alabama forced about 3000 residents from a 3 square mile area after 51 of 116 cars left a trestle over the Chocotahatchee River. Tank cars containing chlorine and anhydrous ammonia caught fire as crews drained chlorine and fought brush fires with gas masks on.
MENTIONED IN THIS ARTICLE
Newton
Ala
UPI
Seaboard Coast Line
Chocktahatchee
National
Montgomery
Dothan
Britain Faces Austerity Move For Pound Devaluation
London reports Prime Minister Harold Wilson defending a plan to devalue the pound from 2.80 to 2.40 as Conservatives oppose the austerity measure. The debate follows economic policy remarks with potential price rises on bread milk gasoline meat and imports.
MENTIONED IN THIS ARTICLE
London
UPD
Harold Wilson
Labor
Britain
Wilson
House of Commons
Conservative
Edward Heath
Labor Party
U S Moves to Shield Dollar Stability After Pound Devaluation
The Federal Reserve raised the discount rate from 4 to 4.5 percent to curb a fund outflow to London, signaling higher borrowing costs ahead. Treasury Secretary Fowler and President Johnson pledged to maintain a sound world monetary system and gold at 35 dollars an ounce as Britain faces devaluation. Rep Curtis blamed France and the United States for part of the crisis, noting higher US rates threatened to pull funds from Britain.
MENTIONED IN THIS ARTICLE
Washington
UPS
U.S
Britain
Federal Reserve Board
New York
London
FEC
United States
Treasury
Henry H. Fowler
Fowler
Johnson
Free World
International Monetary Fund
France
Thomas B.curtis
R-Mo
Senate Debates Medicare Medicaid Costs in 1965 Bill
The Senate weighs a $4.6 billion annual Medicare welfare portion amid debate over Medicaid funding. Changes aim to cut federal shares to 25 69 percent and push states to limit coverage for the medically indigent, while allies led by Sen Javits seek to protect access. The AFDC program, costing $4.1 billion yearly, aids about five million Americans, mostly women with children.
MENTIONED IN THIS ARTICLE
Senate Finance Committee
Javits
Aid
AFDC
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