McNamara Cuts U.S. Long Range Bombers and Base Network
Secretary McNamara announced a plan to reduce the U.S. long range bomber force to about one third of its size and to cut back continental air defense and early warning systems due to a diminished Soviet bomber threat. The move accompanies a consolidation plan eliminating 149 bases for an estimated $410 million annual saving, with older B-52 and B-58 aircraft to be retired and a possible new advanced bomber to be developed.
MENTIONED IN THIS ARTICLE
Washington
Defense McNamara
U. S
Continental
Air Force
Congress
McNamara
Strategic Air Command
SAC
Russell
Senate Armed Services Committee
Capitol Hill
Judge Blocks State Tax Value Order in Iowa
Polk County District Judge Dale Missildine enjoined the Iowa tax commission from requiring 1965 property value adjustments in 34 counties and cities, with possible extension to all 99 counties. The injunction delays tax orders by one year to avoid early fund shortfalls, directs certification of already filed assessment abstracts for 1965 taxes, and notes extensions may follow for other counties filing interventions.
MENTIONED IN THIS ARTICLE
Des Moines
UPI
Polk County
Dale Missildine
Iowa Tax Commission
Missildine
Commission
Ensane
Mitchell County
Mitchell
Scott
Tax Commission
Martin Says Board Acts To Aid Administration Not Hamper It
Federal Reserve Chair William McChesney Martin Jr. told the Life Insurance Association that the Fed aims to support the Johnson administration by maintaining growth and price stability. He defended rate increases as a tool to curb inflation without stifling expansion and urged prudent bank rate practices to aid small banks and regional credit.
MENTIONED IN THIS ARTICLE
Martin
NEW York
William McChesney Martin, Jr
Federal Reserve Board
Johnson
Life Insurance Association of America
Federal Reserve
Freezing Florida Suffers 24 Degree Low On Christmas Eve
A cold mass spreads from the Gulf coast into the Southeast with Cross City Florida recording 24 degrees. Mobile and New Orleans dipped to 31, Atlanta 22, Richmond 18, Montpelier Wisconsin 3, while Minneapolis Saint Paul logged 30. The eastern half endures frigid conditions as the central west stays mild for the holiday shopping period.
MENTIONED IN THIS ARTICLE
Atlanta
Florida
Gulf Coast
Cross City
Fla
Minot
N.C
Mercury
Mobile
New Orleans
Richmond
Montpetier
Minneapolis-St. Paul
Bundy to resign as national security aide in Johnson era
White House announces McGeorge Bundy will leave as President Johnson's national security adviser on February 28 to head the Ford Foundation at about 75000 dollars annually. Press Secretary Moyers says Johnson accepts the resignation with genuine regret and notes ample time to decide future of the post.
MENTIONED IN THIS ARTICLE
Johinson City
Texas
White House
McGeorge Bundy
Johnson
Bundy
Ford Foundation
Moyers
Moyer
Congressmen To Quiz Fed Board On Rate Strike
The senate-house economic committee has summoned the seven member Federal Reserve Board to discuss the board's strike in interest rates. Chairman Patman of Texas leads the inquiry as lawmakers seek answers on monetary policy actions.
MENTIONED IN THIS ARTICLE
Vietnam
Washington
Senate-House Economic Committee
Federal Reserve Board
Patman
Texas
Sixth Grade Voter Requirement Voided in New York
A three judge federal court ruled New Yorks law requiring a voter to have completed at least sixth grade in English unconstitutional. The decision affects about 500000 Puerto Ricans educated in Spanish and contrasts with a similar ruling by a federal panel in Washington.
MENTIONED IN THIS ARTICLE
Buffalo
New York
Bond Sale Affected by FRB Rate Hike
The Cedar Rapids bond sale shows highest general obligation rates since 1959 for park sewer and bridge bonds totaling 2.8 million. First National Bank of Chicago won bids totaling 1.8 million for the Third Avenue and Twenty-ninth Street Drive SE project at 3.40 percent with a 641,333 premium. Chicago also won 790,000 in fewer bonds at 3.30 percent with a premium lowering to 3.2857 percent. A 232,350 premium cut the rate to 3.2857 percent. Oscar Schweppe of Guaranty Bank said the Fed’s rate hike likely influenced bids, possibly yielding a better price today despite higher borrowing costs.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Third Avenue
Twenty-ninth Street Drive
First National Bank of Chicago
First National of Chicago
Chicago
Oscar Schweppe
Guaranty Bank and Trust Co
The
Cedar Rapids expressway plan costs outlined by Iowa Highway Commission
The Iowa Highway Commission details a five year plan totaling 515.8 million with Cedar Valley road work including 15.294 million for the expressway. A 3.198 million four lane freeway link I 0 to US 30 is scheduled 1966 to 1971.
MENTIONED IN THIS ARTICLE
Cedar Valley
Cedar Rapids
Iowa Highway Commission
Iowa City
Benton County
Black Hawk
Vinton
Wheatland
Clinton
Ames
Boone County
Planned Iowa Highway Relocations and Upgrades
Map on Page 10 details a highway modernization program across Buchanan and Delaware counties. Projects include segments for a future freeway, right of way purchases from Fort Dodge to Buchanan counties, relocation of highway 20 and 9, and improvements to highways 63 38 151 13 and 52 with dates through 1970.
MENTIONED IN THIS ARTICLE
Buchanan
Delaware
Hamilton County
Waterloo
Dela Ware
Fort Dodge
Buchanan County
Linn County
Cresco
Waukon
Osceola Line
Spirit Lake
Toledo
Tracri
Hudson
Chickassaw County
Missouri State Line
Tipton
Muscaline
Marion
Cascade
Dubuque
Central City
Five Year Plan Revealed for Iowa Highways
The Iowa highway commission adopted a record 767.5 million five year program Wednesday to complete 292 miles of interstate highways and restructure many outdated primary routes. Eastern Iowa projects for 1966 through 1970 are listed, detailing planned relocations and reconstructions.
MENTIONED IN THIS ARTICLE
Ames
Iowa
Iowa Highway Commission
Pope closes ecumenical council in peace pledge
Pope Paul VI formally closed the Vatican Ecumenical Council after three years, hoping its work renews the world, not only the church. More than 100,000 attended as 2,300 bishops processed to St. Peter's, with dignitaries from nearly 100 nations watching. The Vatican issued a brief declaring the council the greatest of its 21 assemblies and binding all Roman Catholics to its decisions.
MENTIONED IN THIS ARTICLE
Vatican City
Paul VI
Vatican Ecumenical Council
St. Peter's Square
John XXII
Apostolic Palace
St. Peter's Basilica
Pope Paul
Vatican
Church of Reform
Council
Four Lane Interstate to Cross Iowa by 1966
The Iowa highway commission said a four lane interstate from border to border is expected by fall 1966 with inter state bridges planned at LeClaire on the Mississippi and Council Bluffs on the Missouri. Interstate 80 will be the first four lane road to span the state.
MENTIONED IN THIS ARTICLE
Mississippi River
LeClaire
Missouri River
Council Bluffs
Iowa Highway Commission
Also Mentioned on This Page
U.S
Russia
Dudley Finley
Ballard Tipton
Property Tax Division
Today's Index
Id Daily Record
Waka Eden Ap
By Carl Leubsdorf
FRB
Cédar Rapids News
Cedar River
Eighth Street
Thirty-second Street
Highway Commission
the Gazette
Cedar Lake
Cedar
Luxemburg
Gullenberg
Gerald Miller
Coportant
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