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Newspaper
Danville Register
Location
Danville, Virginia, United States of America
Date
Dec 27, 1962
Page
2
AP dispatch from Sofia notes Bulgaria struggle under Communist government as shortages and rationing bite. Life in capital Sofia described as drab, with housing shortages, high prices, long queues for basics, and reliance on Soviet aid and influence.
Hollywood AP reports Rick Nelson Bobbysox idol will wed Kristin Harmon 22 daughter of football star Tom Harmon and actress Elyse Knox. Engagement announced at a family Christmas party. The wedding is planned for next spring. Nelson, 22, began in The Adventures of Ozzie and Harriet and later became a rock star with about 20 million records sold.
Babson outlines a 1963 forecast covering war effects on Turkey and Russia, defense spending, and a economy that may dip then recover. He expects modest business decline, high disposable income, rising savings, and government spending driving growth. Stocks, bonds, retail, and real estate are weighed with emphasis on profits, credit, and inflation risk.
The piece argues the Cuban problem will not settle in 1962 and may extend beyond 1964, noting Russian missile removal per Kennedy’s demands while Khrushchev may demand concessions in Berlin or Turkey. It discusses a looming moon race, global capital for space and speculative stocks, and the impact on U.S. economy and policy if taxes and inflation rise, suggesting private capital could spur a new stock market boom.
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