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Newspaper
Biddeford Saco Journal
Location
Biddeford, Maine, United States of America
Date
Dec 27, 1961
Page
4
Bruce Biossat notes the 1961 omnibus Housing Act, aimed at longer FHA 35 year mortgages and easier remodeling financing. Brokers expect gradual impact, with 1962 housing starts rising modestly as lenders digest new rules and builders adjust, while overall economy slows to feel the law’s effects.
Washington news reports economists foresee a cautious 1962 with a continued moderate recovery but warn of potential downturn before year end. Morgan Guaranty Trust Co survey flags factors like housing starts, steel contracts, and inventory shifts that could shorten postwar expansion. Budget fights and wartime spending plans loom as early Washington actions may shape second-half results.
A Maritime Affairs report argues foreign trade and American merchant ships sustain the auto industry and other sectors. Auto exports totaled over 1.3 billion last year with total trade surpassing 2 billion. Cars and parts reached 130 countries. Auto workers payroll exceeded 4.7 billion from exports. The piece links a robust U S flag merchant marine to national employment and industry health. It also critiques federal civilian payrolls at 13.6 billion, 242 dollars per family, with defense payrolls lower in growth.
The First National City Bank of New York argues for a thorough revision of the U S tax system to preserve American leadership and spur economic energy while questioning whether the nation can afford not to reform. A Pennsylvania town police patrol warns residents to heed law enforcement amid a grooming note about safety.
AP reports polyethylene use expands with boil-in-the-bag food packaging. U S Industrial Chemicals Co expects a 10 to 15 percent rise in 1962. Modern Foods Council cites 100 million boil-in-the-bag units this year and aims for 300 million by 1965. Companies like Seeman Bros. and Continental Can back cost advantages in these packs while a FDA ruling opens new uses.
AP recaps a grim but hopeful year for Hollywood listing ten standout events. Gary Cooper dies and Liz Taylor wins an Oscar mark major moments, while a Bel Air fire and Jeff Chandler death add drama. John Clark Gable born follows last year’s king, and Lucille Ball remarries Gary Morton in New York.
In a forum letter the writer urges January committees to audit Town Government, require monthly department breakdowns, and assign chairs to safeguard against waste. Proposes central polling, district sites for articles, shorthand recording, and a Citizens driven Town Meeting after 78 years of Selectmen rule, warning of a new five year cycle without reform.
Paul Harvey reflects on Christmas giving versus receiving, stressing that selfishness harms both individuals and society. He uses two Sea of Galilee and Dead Sea examples to illustrate how sharing and outgrowing ego lead to flourishing communities, urging Americans to give of themselves to endure looming threats to freedom.
A playful line holds a newborn moment as a baby coos and smiles during feeding. The speaker references Sarah Bridges Graves and captures a tender domestic scene with affectionate language.
Ruth Millett argues that modern adults must constantly learn new things or risk social exclusion. She notes couples now discuss courses in languages arts or music and prefer intellectual topics over traditional home-centered conversations, signaling a shift toward study becoming a social norm.
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