Three Views in Battle Over Higher Interest Rates
AP reporter Sam Dawson outlines three positions on higher rates. Banks claim savers shift to higher yielding instruments, boosting some savings while discouraging households from borrowing for homes or cars, and potentially slowing business growth and job creation. The First National City Bank cites savers’ responsiveness to rates and a rise in holdings of marketable U.S. securities totaling about seven billion dollars as evidence.
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Little Liz economists cite 1959 savings rise details
Economists say much of the gain came from new savings and investments. Individuals increased holdings of state and local government securities by about $314 billion and of corporate bonds by $100 million. Banks and savings institutions also gained, with overall individual savings rising $29 billion in 1959, outpacing 1958 growth.
Indianapolis Will Honor Its Vessel in 1968
On the 15th anniversary of the torpedoing of the USS Indianapolis memorial services will be held for the 900 sailors who drowned with the cruiser. Rep Barr said he invited Navy Secretary to attend. services will be in Indianapolis July 30.
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iThe
Trades Council Resprint Sparks Union Tensions
Resprint from the Trades Council highlights rising tensions among unions as members clash over tapering concessions and strategic direction. Key voices from union leaders and affiliated locals urge coordinated action amid uncertain contract talks and staffing gaps.
New Healing Substance Stops Itching Piles Instantly
New York special report reveals Bio-Dyne, a breakthrough substance that shrinks hemorrhoids and stops burning itch and pain quickly. Doctors note strong healing results in long standing cases. available as Preparation H ointment or suppositories with guaranteed satisfaction.
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