Rates Hike to 35-Year High by Federal Reserve Board
The Federal Reserve Board raised rates to the highest level since 1930, boosting the discount rate to 4.5 percent and raising maximum time-deposit rates to 5.5 percent while leaving regular savings rates at 4 percent. The move drew mixed reactions from Johnson administration supporters and critics, with leaders predicting inflation containment but opponents warning of harm to small businesses and consumers.
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Washington
Federal Reserve Board
Decise
U.S
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Johnson City
Tex
Johnson
Robertson
Viet Nam
Enrollment up 10 percent in colleges nationwide study says
University of Cincinnati registrar Dr Garland G Parker reported from School and Society magazine that 4,686,057 students enrolled in 1,093 colleges and universities this fall a 12 7 percent rise with full time students surging 12 7 percent and part time up 3 3 percent Freshmen rose 17 3 percent amid greater financial aid and more branch campuses Teachers colleges posted a 17 5 percent gain The Viet Nam war influenced part time declines as many chose full time study to defer or avoid the draft
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Parker
Viet Nam
Bankers Call For Tightening Economic Policy
New York bankers and bond dealers urge policy tightening citing higher Treasury borrowing costs and a potential speculative boom. They note loans and deposits rise, credit quality waning, and urge White House to adjust expansion aims. Gerald Ford praises GOP Congress for independent, deliberative role in the first session of the 89th Congress.
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the Treasury
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Los Angeles
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Washington
Howe Named To Harvard Law Chair
Mark DeWolfe Howe was named the first Charles Warren Professor of the History of American Law at Harvard Law School. A Harvard Law graduate in 1933, he served as secretary to Justice Oliver Wendell Holmes, wrote a Holmes biography, and edited his papers. He taught at Buffalo Law School from 1937 to 1945 and was dean 1941 to 1943. Howe returns to Harvard to teach American legal history and constitutional law, with the appointment announced Sunday.
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Cambridge, Mass
Mark DeWolfe Howe
Charles Warren
Harvard Law School
Harvard
Humphrey Backs Debate on Viet Nam Policy
Vice President Hubert H. Humphrey urged free debate on U.S. foreign policy with Congress participation. Speaking at Tufts Fletcher School he praised Edward R. Murrow and said citizen involvement and dissent are vital to an enlightened consensus. He argued Congress can shape foreign relations through resolutions, speeches, and funding oversight.
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UPI
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Edward R. Murrow
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Fatal Wounds Show Decline in Viet Nam Casualties
The Defense Department said only 26 of 4,699 Army personnel wounded in Vietnam had died by mid November, a rate well under one percent. The report highlights a substantial decline in fatalities among wounded soldiers.
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Washington
UPS
Viet Nam
Defense Department
Police say gang killers unknown but under watch
Boston Attorney General Edward Brooke said police know who killed or strangled dozens in a wave of gangland murders and stranglings in Eastern Massachusetts during 1962 and 1963, but lack sufficient evidence for arrests. He noted witnesses are hard to obtain amid fear and reprisals, and cited stoolpigeon use as a necessary evil.
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UPI
Greater
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Edward W. Brooke
Brooke
WBZ
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