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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Jul 02, 1958
Page
6
The Municipal Airport Commission aims to raise liability insurance for plane accidents to up to 3 million dollars per accident, up from 2 million, amid insurer assurances that larger coverage is unwarranted by aircraft size.
Maureen O Hara dismissed a one million dollar libel suit against Confidential magazine in Santa Monica California. Settlement terms remain undisclosed and the action against 3 000 California distributors remains unsettled. The case connects to a famed 1957 Los Angeles trial over Confidential and Whisper resulting in a conspiracy verdict and fines.
The Senate approved by voice vote a bill to make the Small Business Administration a permanent agency and to raise its funds for lending to small businesses. The measure, amended to limit extension, moves to a House-Senate conference. funding would rise from 305 to 1,000 million, with disaster loan authority at 125 million and prime contract assistance cut to 25 million. Senator Prescott Bush urged capping the government loan share at 250,000.
A Senate committee blocked a House move to cut the maximum SBA loan interest from 6 percent to 5 percent. The debate centered on funding and loan terms, with lawmakers shouting down voices against the 6 percent ceiling.
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