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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Jan 08, 1968
Page
3
The Federal Reserve Bank of New York projects GNP will rise substantially in 1968 with higher prices, depending on Vietnam events and tax and spending actions. 1967 GNP was about 785 billion dollars, up 5.6 percent, with inflation driven by cost-push pressures and 1966 demand-pull factors.
The bank argues that spending cuts would curb excessive demand more effectively than monetary policy alone. It notes the British pound's devaluation elevates the dollar’s role as world reserve currency and stresses achieving balanced, noninflationary growth and balance of payments equilibrium.
In Harrisonburg Virginia a two car head on crash killed eight people and critically injured two others near the city. The dead include Paul E Zirk his wife and their six year old daughter Sharon from Broadway and Paul Zirk s brother and sister in law Wilson Zirk of Alexandria Also slain were Mary Hines Kiser 20 Noland Burkholder 39 Juani ta Orebaugh Wise 37 all of Harrisonburg The critical patients were Paul Zirk s daughter Patson and Roy Lee Kiser The crash occurred on U S 11 about two miles north of Harrisonburg according to state police and Rockingham Memorial Hospital officials.
A collision trapped three victims in the wreckage for forty five minutes before rescue crews freed them. Emergency responders worked quickly to stabilize the injured and clear the scene.
Portland police report thieves took about $3,000 worth of household items from a home. The owner, 25 year old Richard A. Horne, said one stolen item was a $600 live ocelot, a medium size wildcat.
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