Credit norms calm despite higher debt levels in 1971
Economists compare 1929 and 1971 credit figures, arguing rising installment credit and disposable income show no imminent threat. They caution debt growth mirrors economic gains, while social security and unemployment insurance cushion risk. buyers should still consider saving and prudent use of credit despite looser moods.
MENTIONED IN THIS ARTICLE
OPI
Ashow
UPI
Hke
Pier Su
Del’s
Oral Eyedit
Burnham & Company, Inc
Laird Raises Old Fear on Soviet Arms
Defense Secretary Laird urged Congress for a 234.8 million year defense add on amid revived alarm over electromagnetic pulse from Soviet weapons. He testified before the House Armed Services Committee and cited plans to fund a four–aircraft airborne command post, R&D, and an EMP simulator. Senate Leader Mansfield warned against excessive defense spending, urging scrutiny of Nixon’s request and inflationary impact.
MENTIONED IN THIS ARTICLE
Wahingion
Laird
Congress
House
Armed Services Committee
U.S
Wilender
D-La
Senate Appropriations Committee
Senate
Mansfield
Mont
Nixon
Red Tape Over Crime Grants Clarified for Iowa Units
Linn County and state crime commission officials met in Cedar Rapids to resolve grant guideline delays. Changes were made after initial program requests, with plans to hold statewide meetings in Des Moines to explain updates. Federal officials cautioned against repeating past issues in the next fiscal year.
MENTIONED IN THIS ARTICLE
Linn County Crime Com
State Commission
Des Moines
Commission
George Orr
State Crime Commission
Cedar Rapids
John Oberthiee
Chickenfeed Heist Hits Fort Worth Poultry Roost
Burglars broke into a roost within Fort Worth city limits and stole 85 pounds of chickenfeed valued about $3. Police noted 18 hens and two roosters were present. No injuries reported.
MENTIONED IN THIS ARTICLE
Fort Worth
UPI
Jock
County commission plans future policing request details
Oberthien argues the county sheriff and Cedar Rapids police will face strain without augmented funds for small towns. The method is deemed too late for current asks but will be used next year. A reapplication seeks an extra officer for Wawatha in 1972, though this year’s program cut that item.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Oberthien
Wawatha
Mudslide in Colombia Buries Village. Fifty Feared Dead
In northeastern Colombia, a mudslide struck the village of Anteca, burying 14 houses and partially destroying 17 as residents slept. Officials fear at least 50 of the 70 residents are dead after tons of mud and rock cascaded down, blamed on a weakened dam and heavy rains.
MENTIONED IN THIS ARTICLE
Bogota
Colombia
Anteca
College School's Ely Site Sold To Iowa Citian
The College Community board approved selling the Ely elementary site to G B Miller of Iowa City for 10500 dollars. The sale completes disposal of side school properties as students move to the central campus. The board also bought 100 passenger buses for 22424 74 dollars with automatic transmissions fiberglass seals and steering.
MENTIONED IN THIS ARTICLE
College School
Ely
Iowa
Citian
College
G. B. Miller
Iowa City
Central College Community
Waterloo
International Harvester
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