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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
U.S
Dornberger
National Advisory Committee On Aeronautics
US Aircraft Industry
Air Force
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