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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Jun 17, 1958

Page

11

Money's Worth Wave of Rate Cuts Nationwide

Sylvia Porter reports a broad shift in savings rates beginning July 1 as US banks and savings institutions cut payments on savings deposits. The trend spans California to Washington with cuts from 3% to 2% and 3% to 2.25%, signaling smaller earnings for savers amid a postwar easy-money era and rising costs for financial institutions.

Sylvia Porter New York Rices Walionts Bank Syovia Ieter Washington Spokane Wnational Bank Federel Home Loan Bank of Chicago Savings and Loan Wisconsin Illinois John E. Stipp Federal Reserve

Dynosoar Could Be America's First Manned Space Vehicle

Peter Edson reports that by next month the Air Force may announce Dynosoar contractor selections. The craft is described as a manned orbiting vehicle with an advanced weapons system and potential to circle the globe and return undamaged for future missions. Dr Walter Dornberger, Bell Aircraft adviser, spoke at a Missile industry press counter.

Peter Edson Wallington NEA Air Force America Donald Putt Walter Dornberger Bell Aircraft Dornberger Space Earth

Space flight promises safety and rapid manned missions

Dornberger argues for bold space exploration with protected pilots controlled by advanced instruments. A joint contractor approach will build the Drynospar airframe and rocket engine while NACA and industry push manned flight after decades of study. The path to orbit demands safety, testing, and international leadership as space becomes a priority.

U.S Dornberger National Advisory Committee On Aeronautics US Aircraft Industry Air Force

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