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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 04, 1962
Page
6
Washington considers corporate and personal income tax cuts to spur recovery as industry modernization lags. Commerce Secretary Hodges backs a quick cut to rebuild confidence while Treasury Secretary Dillon urges measured action, arguing any easing should align with the basic economy.
The article notes a surge in French visitors to the Soviet Union in early 1962 driven by a $127 15 day package subsidized by government aid. It argues Western business lessons include product quality and targeting fewer high spenders. It warns Soviet pricing may erode long term customer trust and promotes improving promotions.
The president expresses worry and frustration about stock market declines and inflation expectations. He argues prices were high relative to dividends, disputes claims of a socialist tendency, and says his economic stance is pro business. He cites Douglas Dillon as his chief adviser and rejects theories of a Wall Street conspiracy to favor Democrats.
The essay argues that global tension persists as a hidden war driven by weapons and politics. It cites Vietnam Laos Thailand Indonesia and Berlin as flashpoints. It critiques budgets and the UN’s impotence, urging realism about continual conflict shaping policy.
The piece argues the UN and summits fail to halt war, blaming Russian stubbornness and Marxist aims. It contends wars are fought psychologically, warns of a Soviet Universal State, and links space exploration and marijuana to broader peace rhetoric amid ongoing anti Communist conflict.
In a letter to the editor the writer criticizes Cedar Rapids schools for tracking students by ability, starting after kindergarten and expanding through seventh grade. The piece argues the system prioritizes speed and math over broader learning and urges use of more creative cognition tests.
The City Plan Commission urged the council to hire a full time planning engineer and a secretary to address platting, zoning and mapping issues. The piece also notes wider local matters including an arborist ordinance, summer farm work for Cedar Rapids youths, and alumni leadership listings.
The Foreign Trade bureau thanks the Cedar Rapids Chamber of Commerce for the recent article on World Trade week. H F Ewoldt Assistant Executive Vice-president in Charge of Foreign Trade bureau Cedar Rapids Chamber of Commerce.
Billie Sol Estes bought 42 federal housing units in Orange Texas for 33922 on July 1 1953 and sold them April 15 1954 for 82329 to Howard L Jones of Baton Rouge a Republican leader who moved the units to De Quincy Louisiana. FHA had $300000 in 1954 for surplus housing later recaptured and sold as junk resulting in a $294000 loss to taxpayers with dilapidated properties and a withdrawal of military establishments cited.
A clipping from a syndicated column features jokes about bankers and overdrafts. Lucien Harris of First National Bank of St. Petersburg and Herb Leggett of Valley National Bank of Phoenix share quips about banking how to please everyone and stay credible.
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