Satellite Expenses Bungled Management Costs U S Millions
The GAO says the Centaur upper stage project under General Dynamics bungled management costing over 100 million dollars. The Venus Mars space exploration tie in caused two year delay and a 74 million dollar loss due to redirecting a communications satellite. The March 29 report, made public, cites House Science subcommittee findings from 1962.
MENTIONED IN THIS ARTICLE
Venus
Mars
GAO
House Committee On Science and Astronautics
George P. Miller
D-Calif
Miller
Joseph Campbell
Subcommittee On Space Sciences
Tax Cut Boon To Stockholders Income Boost Ahead
Congress received Treasury analysis arguing the tax cut will lift after tax income for stockholders with total extra payments possibly reaching 1.5 billion dollars yearly. The report notes big holders face tougher dividend taxes while overall distributions rise. Senate hearings on the measure begin after delays and questions about administration chances this year. Also, Senate subcommittee hearings on automation impact call Kaiser Steel’s Ralph Waugh and United Steelworkers' Marvin Miller to testify.
MENTIONED IN THIS ARTICLE
Washington
UPI
Congress
Treasury
The
Senate
GAO
Nce
House
Ralph L. Waugh
Kaiser Steel Co
Marvin Miller
United Steelworkers Union
Afl-Cio
Bay State Firms In on Big Contract
Western Electric secured a 213 million dollar Army contract for Nike-X missile program research and development. Work will be carried out by Sylvia Electric Products Industry in Waltham Raytheon Co Wayland and Avco Corp Everett all in Massachusetts.
MENTIONED IN THIS ARTICLE
Washington
Western Electric
Army
Sylvania Electric Products Industry
Waltham, Mass
Raytheon Co
Wayland
Mass
Avco Corp
Everett
Faubus Raps President In Arkansas
In Little Rock President Kennedy toured Arkansas to back civil rights gains while Gov. Orval Faubus denounced the program as a civil wrong. Kennedy highlighted the Greers Ferry Dam dedication at Heber Springs and urged federal water projects to spur growth and wealth nationwide.
MENTIONED IN THIS ARTICLE
Little Rock, Ark
UPI
Kennedy
Arkansas
New South
Orval Faubus
Greers Ferry
Heber Springs
Ark
Little Rock
Faubus
Orbit Flights Raise Blood Circulation Concerns in Space
Houston AP report notes U S manned space missions risk pooling blood in legs after long orbital travel. Astronauts Walter M. Schirray and Leroy Gordon Cooper Jr. Dott faced orthostatic hypotension after 6 and 22 orbit flights, while four shorter missions showed no signs. Dr Charles A Berry calls it the major medical problem of America's early man-in-space program.
MENTIONED IN THIS ARTICLE
Houston
America
Valachi's Future a Problem for His Guards
Joseph Valachi the talkative Cosa Nostra informer faces a new dilemma for federal officials where to hide him for life to keep him safe from a bounty on his head. He will stay in a private cell at DC Jail with one guard watching, then testify before grand juries. The Bureau seeks a secluded high security site, with McNeil Island, Leavenworth, or Springfield among top choices, to avoid endangering him or creating liability.
MENTIONED IN THIS ARTICLE
Washington
Joseph Valachi
Cosa Nostra
Bureau of Prisons
Valachi
District of Columbia
Senate
Justice Department
McNeil Island Penitentiary
Puget Sound
Leavenworth Penitentiary
Kansas
Medical Center
Springfield
Princess Soraya buys valuable art at Munich auctions
Princess Soraya ex-empress of Tran paid nearly 25000 dollars for paintings at fall auctions in Munich. Her most expensive piece was The Angler by Karl Spitzweg, costing 20000 dollars.
MENTIONED IN THIS ARTICLE
Soraya
Munich
Germany
UPI
Tran
Karl Spitzweg
U S Deficits Seen Checked Says Dillon
Washington United States Treasury Secretary Douglas Dillon says the balance of payments deficit has been checked with a projected 50 percent improvement in the third quarter of 1962. He cites a slowing loss of capital and a reduced outflow of short term funds aided by Kennedy tax proposals on foreign stocks and bonds.
MENTIONED IN THIS ARTICLE
Washington
UPI
Treasury
Douglas Dillon
United States
Dillon
Kennedy
Court To Rule Again On Crime Unit Powers
Boston AP report notes Superior Court Judge Frank E. Smith again refers a case involving the Massachusetts Crime Commission to the Massachusetts Supreme Judicial Court. The commission seeks answers from Martin J. Hanley deputy bank commissioner who refused questions citing constitutional rights. The commission says it cannot judge possible corruption without Hanley testimony. Two housing board officials faced indictments on bribery backed by crime commission evidence. Benoit of Chicopee Falls suspended housing board chairman and John A. Letteney of Lancaster, urban renewal director, named in the actions.
MENTIONED IN THIS ARTICLE
Boston
Superior Court
Frank E. Smith
Massachusetts Supreme Court
Massachusetts
Hanley
Marshall Simonds
Commission
Simonds
Banking Commission
Crime) Commission
The
Smith
Supreme Court
State Housing Board
Serime Commission
Crime Commission
Lee F. Benoit
Chicopee Falls
Housing Board
John A. Letteney
Lancaster
Union Wage Gains Shrinking Since 1957, Study Finds
Washington reports Union negotiated wage increases in major contracts have declined since 1957. 1962 average boost was eight cents per hour, down from a 10 cent high in 1955-57. Analysts cite higher unemployment and job security concerns over militant wage drives. Fringe benefits not included in the figures.
MENTIONED IN THIS ARTICLE
Washington
UPI
Labor Department
Bureau of Labor Statistics
Also Mentioned on This Page
U.S
Atlas
Bay State
Carmella Bell
Wanda Trepacz Beauty Salon
Mrs
Tray
N.Y
N.¥. State Association
Bell
Carmelia’s
New York State
Florida
Mayfair
Wanda Trepacz
North Street
Woolworth’s
WE Are
Melton
Berkshire
Dalton
Sawyer Woolen Mills
Main St
Dalton Post Office
W. A
Cotton) Ashworth
Ashworth
Associated Press
Eagle
Wassachusetts
Eagle 4
Tstleld
Peter
Pitts
Ceadie
Fenn St
England
EKCO
North St
ICE Corset
Maplewood Ave
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