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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Dec 08, 1965
Page
2
Government survey shows businesses plan higher investment in plant and equipment. Outlays for this year rise to around 51.8 billion with equipment and transport at 58.9 billion, signaling a 15 percent gain over 1964 and a surge from prior years. Senate House committee to probe Fed rate rise. FDIC allows 5 percent time deposits.
Officials say U.S. long range bomber force will be reduced to about 250 planes by 1971 with air defenses scaled back. About 680 bombers exist now including 600 B52 and 80 B58, with B58s and many B52s retired by 1971. Pentagon aims to retain 250 B52G/H post 1971 amid possible TFX bomber adaptation.
A Spanish DC3 charter plane carrying Swedish Danish and Norwegian tourists crashed into a house near Santa Cruz de Tenerife Tenerife Island during a wind and rain storm after takeoff from Las Palmas. All 32 aboard died and two house occupants were gravely injured. The plane appeared to be returning to the airport with one engine on fire.
The Bluefield Community Christmas Tree fund received $254 in new contributions Tuesday, bringing totals to $1,118.65 of a $6,000 goal. Organizers warn the target must be met by December 2 for the 1,500 underprivileged youngsters at Ramsey Auditorium, with donations mailed to Bluefield Daily Telegraph or dropped at 412 Bland Street.
ELKINS AP A 14 year old boy died from injuries after accidentally shooting himself when he tripped while carrying a 22 caliber rifle in Elkins. He died in a local hospital Tuesday.
Pope Paul VI declares final four decrees of Vatican II ending three years of work. The religious liberty decree promises freedom of belief and unity among Christians. Simultaneous remarks erase 1054 excommunications between Rome and Constantinople. The set also includes a 36 000 word document on modern world problems and declarations on priests and missionaries.
Ground-breaking near Raven Virginia launched more than nine miles of four-lane work on U S 460 between Richlands and Grundy. John L Sweeney Rep Pat Jennings and Virginia Highway Commission officials attended the ceremony and luncheon at Tazewell. The speakers praised the Appalachian Regional Commission program.
Gemini 7 and crew Frank Borman and James A. Lovell Jr. push their craft higher with a 152 second boost, increasing orbit perigee and apogee as they prepare for the first close formation flight with Gemini 6A. A late decision on launching Gemini 6A is expected.
Supreme Court justices debated whether literary praise by scholars and pastors can exempt explicit works like Fanny Hill from obscenity rules. The cases reassess the balance between suppressing smut and protecting free speech as 25 books are in play and Ralph Ginzburg faces an obscenity conviction.
Congress launches urgent inquiry into the Federal Reserve Board's ceiling hike on interest rates. Hearings set for Monday with all seven board members to testify amid presidential and congressional opposition. FDIC permits state banks to pay higher rates but urges caution. small banks face no compulsion. Stock market rebounds after prior losses from the discount rate increase.
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