Johnson City blackout report warns could recur with safeguards
President Johnson received a 95 page Federal Power Commission report on the November 9 Northeast blackout affecting 36 million people in the U.S. and Canada. The panel warned the event could have been avoided with relay resets and faster action by utilities, while noting no sabotage evidence and ongoing reforms.
MENTIONED IN THIS ARTICLE
Johnson City
Texas
Johnson
Federal Power Commission
U.S
Canada
FPC
Joseph Swidler
LBJ
Here
Sir Adam Beck
Niagara River
Beck
Consolidated Edison" Co
New York City
Northeast
Consolidated Edison
Commission
McNamara Reveals Planned Base Closures and Cuts
Defense Secretary McNamara announced plans to close or reduce 149 bases at home and abroad with an estimated annual saving of 410 million dollars. He said 53,000 civilian and military jobs would be eliminated and 29,000 relocated, with 126 U.S. bases to be named Wednesday and 23 overseas bases after foreign consultations.
MENTIONED IN THIS ARTICLE
Washington
UPI
Defense
McNamara
Washington, D.C
Congress
De Gaulle Falls Short In First Round Election
Paris AP report shows Charles de Gaulle gaining 44.61 percent of metropolitan and overseas votes in the first round with 84.9 percent turnout. Francois Mitterrand leads in a runoff set for December 19 after De Gaulle’s 75 percent age and Gaullist worries.
MENTIONED IN THIS ARTICLE
DE Gaulle
Francois Mitterrand
Paris
Mitterrand
Frence
Department
Jean Lecannet
Jean-Louis T Tixier- Vignancour
Pierre. Marcilhacq
Marcel Barbu
Lecannet
Apology Fails to End Reno Alley Assault
Marvin Newsome told police he was beaten from behind in a parking lot after exiting his car. The attacker apologized saying the incident was meant for someone else. Newsome washed his head and declined hospitalization.
MENTIONED IN THIS ARTICLE
Renoap
Marvin Newsome
Newsome
Hotel Collapse in Buenos Aires Leaves Dead and Injured
AP reports a hotel in Buenos Aires collapsed shortly before dawn Monday. initial casualty count lists two dead and five hurt. rescue teams sweep the debris for additional victims and assess structural causes.
MENTIONED IN THIS ARTICLE
Buenos Aires
Cedar Rapids Gazette Publishes 500 NYSE Quotations
The Cedar Rapids Gazette starts a new feature listing 500 New York Stock Exchange quotations transmitted by high speed equipment shortly before market close. This doubles the previous count and provides later quotations than before. See page 24.
MENTIONED IN THIS ARTICLE
Cedar Rapids Gazette
New York Stock Exchange
Former Son Contributes 250 to May's Island Plaza
A Cedar Rapids ex-resident mailed 250 for May s Island Plaza development. The anonymous donor, a former Son, enclosed twelve 20s and two 5s, saying Cedar Rapids heart remains. Parks Commissioner Don Gardner welcomed the gift for the parks beautification.
MENTIONED IN THIS ARTICLE
May's Island
Cedar Rapids News
Cedar Rapids
May's
May’s Island
Gazette
Ilinois
Don Gardner
Heavy Trade After Rate Hike Triggers Record Opening Volume
The Fed hike sent the Dow down 17.60 in early trading before trimming losses to 5.74 by afternoon. NYSE volume hit an estimated 12 million shares, the heaviest first hour on record since hourly data began in 1933. Several blue chips fell sharply while analysts anticipated a rebound as earnings expectations remain positive.
MENTIONED IN THIS ARTICLE
NEW York
Federal Reserve Board
New York Stock Exchange
Fairchild Cam
Federal Reserve Raises Rates Amid Johnson Policy Clash
The Fed increased the discount rate from 4 to 4.5 percent and raised time deposit ceilings from 4.5 to 6.5 percent, aiming to curb inflation and improve the balance of payments. Johnson criticized the move as costly, while bankers called it timely though some warned of higher funding costs for banks.
MENTIONED IN THIS ARTICLE
U. S
Federal Reserve
Savings and Loan Associations
Board
Jeft
Stand Off Wave Of Attacks Rages 40 Miles From Saigon
U S infantrymen face a communist regiment in heavy fighting 40 miles northwest of Saigon near a rubber plantation. Casualties run high with reports of more than 200 enemy dead and multiple American deaths as U S forces, aided by air force and navy jets, counter the assault amid renewed Viet Cong threats to Saigon.
MENTIONED IN THIS ARTICLE
Saigon
U. S
Comunists
Seventh Army
U.S
Vietnam
Seventh Fleet
Johnson Calls McChesney Martin To LBJ Ranch
President Johnson invited Federal Reserve Board Chairman William McChesney Martin to the LBJ ranch Monday to discuss the economic outlook and the board's planned interest rate increase. Treasury Secretary Henry Fowler Budget Director Charles Schultze and Council of Economic Advisers Chair Gardner Ackley accompanied him. The White House had said a meeting would occur within a week, but no announcement was made until their plane landed at the ranch air strip.
MENTIONED IN THIS ARTICLE
Johnson
U.S. Savings and Loan League
National Council For A Sound Monetary Policy
Rep
Patman
Texas
House Banking Committee
Norman Strunk
League
Federal Reserve
Paiman
Johnson City, Texas
William McChesney Martin
Federal Reserve Board
Lbj Ranch
Martin
Treasury
Henry Fowler
Charles Schultze
Gardner Ackley
Council of Economic Advisers
Texas White House
The
Ranch
Pilot Gives Life for Passengers in Midair Crash Duel
Eastern Air Lines pilot Charles White sacrificed his life aiding passengers after colliding with a Trans World Airlines jet two miles above Westchester County. Three others died and 50 were injured as the two planes, carrying 112 people, attempted emergency landings. Capt Thomas Carroll of TWA guided his jet with a damaged wing to a Kennedy airfield safe landing. Federal investigators probe the crash cause while tributes praised White’s superb airmanship and heroism.
MENTIONED IN THIS ARTICLE
North Salem
N.Y
Eastern Air Lines
Charles White
Trans World Airlines
White
TWA
Thomas Carroll
Kennedy Aire
Capt White
Oscar Bakke
Federal Aviation Agency
Westchester County
Boston
Newark
Kennedy Airport
San Francisco
Arthur Lewis
Eastern
Seior
New York
Lewis
Also Mentioned on This Page
Associated Press
Today's Index
Daily Record
Area Farm
Pereeer Teeta
Setae Ameter Society
Peer Ee
By Richard O’malley
France
Departments
Territories
Polynesia
Guiana
Bear, Stearns& Co
Bache & Co
Era
Xerox
Texas Instruments
IBM
Polaroid
Zenith
General Motors
Boeing
Chicago
Western
Household Finance
Robert Roosa
Brown Brothers, Harriman & Co
the Treasury
Kennedy
Los Angeles
Louis Lundberg
Bank of America
Dallas
A. G. McNeese
Bank of the Southwest
Echo
Edwin White
Michelin Plantation
George Rhoads
Cranford
Rhoads
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