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This newspaper page contains 12 articles. Subscribers can read the full text of each article.
Newspaper
Biddeford Saco Journal
Location
Biddeford, Maine, United States of America
Date
Jan 04, 1962
Page
4
Editorial warns of looming tax hikes as Biddeford and Saco risk debt growth. It cites the new high school cost, fire and street needs, and rising mill rates, noting valuation changes may blunt rate increases while stressing the public’s burden and upcoming political pressure.
United Student Aid Funds of New York organizes a private nonprofit loan program to back local bank loans for needy students. The plan targets self reliant borrowers and aims to raise a $40 million reserve to support about $500 million in credit, with loans up to $1,000 yearly for three years and repayment starting after graduation. Government loans currently total over 380,000 students and $210 million.
Bruce Biossat argues holiday fatality totals should be viewed against daily averages, noting 110 Americans die daily on the road. He highlights that Christmas fatalities rose 175 above the 1960 three day weekend average, but stresses everyday driving risk and cautions against complacency.
HAL BOYLE notes a packed social year listing 1037 observances from Chase's Calendar of Annual Events and mocks overzealous celebration. He highlights planned observances January through June including Silent Record Week Weight Watchers Week Red Cross Month and St Patrick's Day with witty commentary on society's limits.
Wall Street grapples with rising stock ownership and a surge of new public offerings. Brokers push self discipline while officials eye transgressions as 1961 ended with record NYSE and over the counter activity and many "hot issues" drawing scrutiny.
A 19 year old asks why married adults urge delays on marriage. The piece argues youth feel urgency to marry and build a home, while elders warn of risk. time feels eternal to the young, yet passes quickly, and young people must trust their instincts and own judgments.
Knowledgeable sources in Washington expect bills changing the retirement test for Old Age and Survivors benefits to provoke debate as the new session opens. The 1961 law eased benefits allowing up to 1,200 dollars earned yearly without loss and an extra 500 at a 250 dollar cost. earnings above 1,700 reduce benefits. Opponents stress cost as the main argument against raising the limit.
The 1962 briefing notes Congressmen consider broad Social Security reform. Proposals include raising earnings exemptions, widening the $2-for-$1 bond, and equalizing benefits for men and women. House and Senate actions focus on tax implications and unnecessary increases in taxes.
A Maine state senator recalls eight years in office and defends the ETV Bill. He notes broad support for education, warns against confusing it with basic schooling, and cites reasons lawmakers passed it as an emergency measure. He acknowledges bewilderment and political pressure, promising accountability on page ten.
Lawmakers discuss adjusting pension calculations for long-term illness and unemployment. A bill would let retirees at 62 have earnings counted only to age 62, impacting benefits. Passage depends on yearly funding and political support.
Crossword clues list appears with numbers and hints covering various topics from people like Vincent van and Abbi to places, titles, emotions, and military terms. Reading across clues includes 42 Most wily 43 Audacious and 50 Quo 51 Intrepid one, plus many others spanning languages and regions.
The Journal invites opinion letters on local topics. Letters must be signed with an address, but names may be withheld if requested. opinions expressed are not necessarily endorsed by The Journal.
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