Burns Presses Caution on Interest Controls
Washington AP Burns, chairing the new Nixon advisory panel, favors standby controls over interest and dividends but opposes mandatory rate caps. He says the supervisory committee should reduce lags between policy and markets while noting mortgage and consumer loan rates are slow to move. He predicts a volatile money market as inflation shifts and credit demand rises, with rates likely not sharply down next year.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Burns
Arthur Burns
Federal Reserve Board
House Banking Committee
House
Belfast ambush leaves two detectives dead in IRA violence
In Belfast's Andersonstown district two police detectives were killed by a machine gun ambush as they investigated a reported burglary at a newspaper shop. The attack raises Northern Ireland's death toll to 146, with 12 police officers among the dead.
MENTIONED IN THIS ARTICLE
Belfast
Andersonstown
Northern Ireland
No Tricks by C R Treaters This Year Cedar Rapids
Cedar Rapids police reported no reports of foreign objects placed in trick or treat candy for the first time in three years. Capt. Lester Woodward credited parental supervision and safety cautions as key factors guiding kids to safer practices and wrapped candy.
MENTIONED IN THIS ARTICLE
Woodward
Judge Clears Nuclear Test Appeal Path
A federal judge denied environmental groups injunctions against the Amchitka Island underground nuclear test in Alaska. The ruling allows an immediate appeal and orders release of some documents while others remain secret under executive privilege. The five megaton blast, set to occur about 6,000 feet underground, may reach the Supreme Court before Thursday.
MENTIONED IN THIS ARTICLE
Washington
Amchitka Island
Alaska
George Hart
Hart
Committee For Nuclear Responsibility
Justice Deepartment
Supreme Yepurt
Atomic Energy Commission
Navy Unarmed Missile Demolishes Judge’s Home in Tennessee
A 900 pound unarmed training missile ripped into the three story home of Tennessee appeals Judge James Parrott in Strawberry Plains. No injuries were reported though the impact shifted the house and caused total loss. Cmdr Virgil Tedder was piloting the training flight from Marietta Georgia. The Navy pledged assistance to the Parrott family.
MENTIONED IN THIS ARTICLE
Tennessee
James Parrott
Strawberry Plains
Tenn
Navy
Parrott
Parrotts
One U S Combat Division Left in Viet Nam
In Saigon the U S command reports 196 700 troops in Vietnam last week the lowest since 1968 as 13 more units totaling 1335 fade from combat. Defense Secretary Laird to outline plan in Saigon for faster disengagement with a residual force possibly 46 000 to 50 000 by July 1 Abrams Bunker and Vietnamese leaders to meet.
MENTIONED IN THIS ARTICLE
Saigon
Vietnam
Defense
Laird
Nixon
U.S
Ellsworth Bunker
Creighton Abrams
Thien
Americas
South Vietnam
Diem
jTrita
Will reads I spent all my money
A man left a humorous will declaring in plain terms that he was of sound mind and had exhausted his funds. The odd phrase "I spent all of my money" sets the tone for a lighthearted, final joke from the deceased.
Commercials Cancel Cowboy Movie for Tito
PALM SPRINGS Calif UPI Tito Yugoslav leader arrived Sunday and a staff member phoned a local station to request an afternoon cowboy film. The manager said no Western movies were on tap though one was set for the evening program. An aide added Tito would have to watch the commercials.
MENTIONED IN THIS ARTICLE
Palm Springs
Calif
UPI
Tito
Yugoslavia
State Department
Market Nears New '71 Low as Dow Dips to 590.02
New York AP reports the stock market showed it may close at this year’s low. The Dow Jones Industrial Average rose 8.8 points to 590.02 by 2 pm, still far from last year’s peak and near the lowest level reached this year.
MENTIONED IN THIS ARTICLE
New York
Pow Jones
Fear India Toll 20000 and Four Million Homeless
Reports from New Delhi cite tolls from a Bay of Bengal tidal wave and cyclone sweeping eastern Orissa and West Bengal. Officials estimate up to 20,000 dead and about 4 million homeless as air drops and relief efforts struggle to reach cut off areas.
MENTIONED IN THIS ARTICLE
Fear
India
New Delhi
Bay of Bengal
Indian Subcontinent
Cuttack
Balasore
Orissa
Calcutta
Times of India
East Pakistan
Ganges River
Pakistan
West Bengal
Pratap Mahanty
Revival of Aid Program Sought By Congress Leaders
Washington lawmakers clash over foreign aid after the Senate killed the program 41 to 27. Representative Passman warns stopping now would destroy completed projects while the White House seeks a stopgap spending plan to maintain aid at last year levels until a long term bill is set. Senate leader Scott calls the vote a debacle as international bankers and ambassadors react with dismay.
MENTIONED IN THIS ARTICLE
Washington
White House
Passman
House
Senate
Scott
Sensie Foreign Relations i Committee
U.S
Congress
Four Mississippi river hunters drown feared as winds rise
Two separate weekend capsizings on the Mississippi near Bellevue and Allamakee County left four hunters missing presumed drowned. One survivor was found on an island after a near Bellevue incident. two survivors were saved in Allamakee County as strong four foot waves battered boats. Searchers in both counties extended Sunday efforts with no confirmed recoveries.
MENTIONED IN THIS ARTICLE
Oey
Mississippi River
Allamakee
Jackson
Jackson County
Bellevue
Towa
Bob Lyons
Daniel Lambert
How To Cut Your Taxes Special Series
Financial columnist Sylvia Porter outlines steps to save on the 1971 tax return. The five part series promises tax breaks from stocks, income shifting, medical expenses and contributions. Includes guidance on audit odds and timing, starting tomorrow in The Gazette.
MENTIONED IN THIS ARTICLE
Sylvia Porter
Also Mentioned on This Page
Britain
Scotland Yard
Sna
London
Royal Tank Regiment
Parliament
Post Office
Irish Republican Army
TRA
Dublin
Angry Brigade
Jastex
Daily Record
I Financial Marion
C.R
Viet
Oir
Met
Red China Center
U.N
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