Point spread drop lowers FHA VA home loan costs
New York AP reports government backed mortgages cost less this year as point spreads narrowed from 8 9% last summer to about 4% now lowering financing on a $20 000 home by 70 to 900 compared with last summer. FHA and VA loans remain at a 7 percent ceiling while conventional rates eased to 7.78 percent in December.
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Mutual Savings Banks
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Veterans Administration
Federal Housing Administration
Mortgage Bankers Association of America
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Censorship in TV Described By Writers Guild Leader
Hollywood note recalls Writers Guild of America West President Richard M. Powell describing how network format control destroys original concepts. A satire plan about a family from outer space is watered down to fit ratings, with New York executives pushing for more children and a dog, producing a "Brady Bunch from outer space."
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Local Television Listings Mixed with Scrambled Text
A garbled OCR style TV listings fragment shows Cedar Rapids Waterloo Davenport Dubuque stations and time 9 30 but the rest is unreadable. It mentions KCRG WMI KWWL and other call signs with unclear program detail and no coherent schedule.
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House Votes Interim Debt Ceiling Hike
Washington AP report says the House approved a 20 billion four month rise in the national debt limit by 248 to 147. Nixon was urged to propose revenue sharing tax reforms to secure added borrowing in June as the Senate plans action before the $90 billion ceiling is hit. Wilbur Mills warned failure to act could leave the government unable to pay bills. Democratic liberals sought a Nixon mandate on closing loopholes and reforming gift and estate taxes, while Mills indicated slow progress but some movement on tax changes.
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Italians Face Early Elections Amid Government Collapse
Rome observers say President Leone must call early elections after Giulio Andreotti failed to form a new postwar cabinet. A center-left coalition breakup, bickering among four parties, and labor unrest hint at gains for neo-Fascists and other rightists. The turmoil traces to December splits over the presidency and policy divides on the divorce law and economy.
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Confiscated Keys After Husband's Fifth Car Crash
Ellen Topping in St Helens England confiscated her husband Derek's car keys after a fifth crash in four months. He received a 60.20 pound fine for careless driving, and she warned she would give him another chance in a year if he passes her test.
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Iowa Senate approves lunch program funding bill
Des Moines reports the Iowa senate approved a 575000 state appropriation to fund the state share of the federal school hot lunch program for 1972-73. The measure passed 45 to 0 and moves to the house, with an amendment potentially halting lunch services for about 200 Town students from low income families who qualify for free or reduced price lunches.
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Amendment Targets Free Lunches in Toledo Senate Bill
The proposed amendment by Sen. Charles Balloun would ban schools from providing free or reduced price lunches to needy children unless a hot lunch program is available for all students regardless of income. The amendment passed on a voice vote.
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Nixon to discuss Soviet Jewry on Moscow visit
Golda Meir said she expected President Nixon to address the Soviet Jewry issue during his Moscow trip next month. She noted with a U S delegation of Jewish veterans she has direct knowledge and called it logical.
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Golda Meir
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U.S
Four Confirmed Des Moines Appointees In State Offices
DES MOINES AP The news senate Wednesday confirmed the appointments of four persons to state offices. Stanley McCausland 47 of Des Moines was confirmed as director of the department of general services and will serve at the pleasure of the governor. Roland Gallagher 57 of Des Moines was confirmed as director of the liquor department.
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Des Moines
News Senate
Stanley McCausland
Department of General Services
Roland Gallagher
Iowa Confirmations Include Civil Rights and Social Services
George Garcia of Coralville and Dalph Pulliam of West Des Moines received confirmations. Garcia joins the Iowa Civil Rights Commission for a term ending June 30, 1975 while Pulliam is appointed to the Council of Social Services for two terms ending June 30, 1975.
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George Garcia
Coralville
Iowa Civil Rights Commission
Drake
Dalph Pulliam
West Des Moines
Council of Social Services
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