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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
Biddeford Saco Journal
Location
Biddeford, Maine, United States of America
Date
Dec 16, 1961
Page
4
The piece analyzes rising hospital costs, private insurance use, and the financial strain on individuals, especially the elderly and low income families. It cites Blue Cross admission rates and average charges, noting uninsured and insured gaps in care and forecasting continued controversy in 1962.
A senior European ambassador warns Latin America is the world’s most dangerous area. The Kennedy era sees a new top thinker and planner for Latin America in the White House Executive Office Building. Richard Goodwin moves to State as deputy assistant secretary for Latin American affairs. Robert Woodward eyed for assistant secretary role amid rising tensions.
The piece notes frustration with diplomatic ties to Latin America over years and weighs two possible successors Deputy Assistant Secretary Goodwin or Ambassador Bowles. It discusses post switch impacts on State Department power, with political appointees dominating top posts while career officers are sidelined or reassigned.
Kay Henry explains that many retirees receive more in benefits than their total Social Security tax payments. The piece notes four tax increases since 1955, the 1962 adjustment date, and argues the windfall is temporary as actuaries project equal lifetime benefits for workers and employers.
The article notes a retirement system requires massive funding and may need additional government help to support the elderly. It mentions widespread concern about future costs and the burden on public finances as citizens retire. The piece hints at legislative debate and potential policy responses.
A religious meditation leads into a financial analysis of U S Wall Street public sentiment. Minnesota religion shares the faith with millions while the stock market undergoes renewed SEC scrutiny and a leadership shakeup at the American Stock Exchange.
Puzzle entries include clues and answers for a 1947 world flier themed crossword. Includes terms like branches of the United Nations and various archaic or European language hints. Contains entries such as Anger Unit of measure and four in German.
One of the nation’s leading meat packers sues the Department of Agriculture over a revoked rule allowing sale of moisturized wares dubbed wa tered hams. The case questions consumer choice and regulatory limits as prices and demand appear to diverge from standard products. Barron’s cites retail pricing trends showing higher hog costs but lower ham prices and greater tonnage sold. The dispute centers on whether moisturized ham can be sold to meet consumer wants or if regulation enforces bureaucracy over choice.
API warns that cutting the 27.5 percent oil and gas depletion credit could slow exploration, raise consumer fuel costs, and reduce tax revenue while threatening emergency reserves. It cites World War II, Korea, and Suez as reasons for ample pre-developed capacity and argues reserves now lag demand growth.
AP writer Bob Thomas reports Gunsmoke stars Dennis Weaver Amanda Blake and Milburn Stone sold interests for about a million dollars each and James Arness struck a separate CBS deal. The actors reacted in character as Chester Doc and Kitty discuss the windfall and its impact on the long running show. Doc fears loss of Chester could end the series.
Babson reviews 1961 conditions at Babson Park Mass noting Fed index and GNP trends, personal income gains despite strikes, employment rising after February 1961, and a favorable 1962 outlook. He cites retail strength, new building slowing, commodity prices uneven, and Dow Jones averages with industrial rail and utility movements. Government spending remains a key driver, with defense budget likely around 109 billion in 1961 and potential shifts if nuclear policy changes.
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