Discount Rate Rise Amid World Gold Buying Frenzy
The Federal Reserve raised the discount rate from 4.5 to 5 percent to curb inflation and reassure the dollar as Europe rapidly buys gold. A U S emergency meeting of gold pool nations was convened and London did not open its gold market on Friday amid related actions by U S and treasury officials.
MENTIONED IN THIS ARTICLE
Washington
Europe
London
U.S
Federal Reserve Board
Treasury Department
Federal Reserve
Senate
Federal Reserve System
Paris Gold Price Surges Amid Global Market Turbulence
Paris United States backed price at 35 dollars per ounce faced a surge to 44.36 in Paris as London and Hong Kong markets react. France kept trading open while Bank of France intervened to curb demand. Germany halted gold sales briefly as US policy shifts loom.
MENTIONED IN THIS ARTICLE
Paris
United States
Hong Kong
London
France
Bank of France
Prison Term and Lecture for Wisniewski in Cedar Rapids
Federal Judge Edward J. McManus sentenced Raymond G. Wisniewski to 15 years in prison on forged United States treasury check charges after an earlier Linn County conviction for robbery with aggravation in Cedar Rapids. Wisniewski, 41, had been released on his own recognizance, drew a rebuke from the judge, and faces additional sentencing March 25 in Linn district court.
MENTIONED IN THIS ARTICLE
Edward J. McManus
Raymond G. Wisniewski
Seventeenth Avenue SE
United States Treasury
Wisniewski
McManus
Linn
Berry
Cedar Rapids
Corn Planting Reduction Seen
The agriculture department estimates 64,914,000 acres of corn will be planted this year, down 8.4 percent from 1967. Spring wheat plantings should total 9,549,000 acres, Durum 3,398,000 acres, with Iowa at 10,522,000 acres.
MENTIONED IN THIS ARTICLE
Washington
UPS
Agriculture Department
Department
Iowa
Cedar Rapids Teachers Set Million Dollar Pay Package
Cedar Rapids teachers were assured a million dollar salary and benefit package for 1968-69, with $618,000 for raises and $189,500 for longevity, plus over $200,000 for new benefits. The board will review the plan next week, despite objections from CREA and two research committee teachers.
MENTIONED IN THIS ARTICLE
Bill Duffy
Cedar Rapids
al Whitworth
Dorothy Gilmore
Charles
Whitworth
The
Cedar Rapids Education Assn
CREA
Senators Urged To Reveal Finances And Tax Returns
The Senate ethics committee urged full financial disclosure including federal tax returns for senators and top staff. A separate code would require public disclosure of certain contributions and fees above 300 dollars. The plan follows Baker and Dodd scandals and faces criticism as too mild or too strong.
MENTIONED IN THIS ARTICLE
Washington
UPI
Senate Ethics Committee
Sen. Stennis
Dmiss
Senate
Bobby Baker
Sen. Dodd
D-Conn
Kennedy To Announce 10 AM Tomorrow On Presidential Bid
Senator Robert F. Kennedy told 175 women Democrats at a Kings Point home that he would announce on Saturday in Washington whether he will challenge President Johnson for the Democratic nomination. He indicated a decision to enter the race and urged support for his effort. He also launched a direct critique of President Johnson.
MENTIONED IN THIS ARTICLE
Kings Point
N.Y
UPI
Robert F. Kennedy
Washington
Johnson
Kennedy
Kings ‘Point
President Johnson
Eugene McCarthy
D-Minn
Vietnam
John Kennedy
United States
New York Times
New York
Oregon
California
Tom Wicker
Times’ Washington
Wicker
Vietnam War biggest sweep seeks to reclaim initiative
More than 50 000 U.S. and South Vietnamese troops push from Saigon toward the Cambodian border in the largest operation of the war. The push names Quyet Thang and targets Viet Cong units while aiming to restore security for civilians. Air and naval strikes hit North Vietnam as U.S. losses rise and Thieu tightens black market controls.
MENTIONED IN THIS ARTICLE
Saigon
U.S
Quyet Thang
William Westmoreland
South Vietnam
U.S. Navy
Haiphong
Air Force
North Vietnam
Thai Nguyen
Hanoi
Khe Sanh
North
Nguyen van Thieu
Thich Tri Quang
Stocks Stage Strong Rally After Fed Rate Move
The market rebounded from an early decline to gain on Friday amid active trading in New York. Brokers cited resilience despite the Federal Reserve Board raising its discount rate and noted Thursday's big loss linked to Arab-Israeli war fears.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Board
Wall Street
Chuckie The most expensive thing in the world
A short note mocks value as priceless, stating the girl who is free for the evening is the most expensive thing in the world. Copyright notice follows.
Marion Okays School Bond Vote Result
Marion voters approved a $1.5 million school bond by 68 percent. The tally was 773 yes and 361 no with 1,137 votes cast and three spoiled ballots. Funds will add to Marion High School and Washington Elementary and finance a new elementary building west of South Eleventh Street.
MENTIONED IN THIS ARTICLE
Marion
Marion High School
Washington
South Eleventh Street
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Joseph Coyne
Paris Mart
French Finance Ministry
de Gaulle
Michel Debre
Jacques Rueff
Paris Exchange
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Henry ‘Fowler
William ‘McChesney Martin
Tthey
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iPod
Belgium
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George Woods
Woods
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Cedar Rapids News
Today's Index
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Lingren
James Freeman
Crea Objection
State Education Association
Stennis
Baker
Senate Democrats
Dodd
Bobby
New Hampshire
Chuckie
Marion News
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