Fifty Million U.S. Families Own Car by 1970
Chief economist notes that four fifths of American families own at least one car and 36.8 percent own two or more in 1970. Higher income and prosperity drive multiple car ownership, with notable surges from suburbanization, working wives, and teen drivers, despite a dip during recessions.
MENTIONED IN THIS ARTICLE
Carl H. Madden
Chamber of Commerce
United States
New Data Indicate Economy On Upswing
AP report notes rising industrial output by 0.7 percent in May, with personal income up 31.4 billion and housing starts at 1.9 million annual rate. Banks raise prime lending rates, affecting borrowing and growth. White House expresses disappointment amid policy debates. Coal miners in six states strike in support of UMW leader Boyle, who faces trustee removal.
MENTIONED IN THIS ARTICLE
David Burke
New York
First Pennsylvania Banking & Ed
Trust Co
Philadelphia
Bank of California
Nixon
Paul W. McCracken
Council of Economic Advisers
Federal Reserve Board
General Motors
Commerce Department
White House
Wright Patman
Rehairman
House Banking and Currency Committee
Lockheed Aircraft Corp
Arthur F. Burns
Lockheed
W. A
Tony” Boyle
United Mine Workers
Boyle
U.S
Gerlard Gesell
No More Golfing On Moon Says Apollo Boss
Apollo 15 commander David R. Scott announced there will be no more golf or similar games on the moon. Scott and James B. Irwin will not bring personal items or divert time from science, under the firm stance of astronaut chief Deke Slayton. The crew also named their command ship after an early scientific voyage and planned a dune-buggy style rover for lunar surface exploration.
MENTIONED IN THIS ARTICLE
Paul Recer
Aerospace Winter Space Center
Houston
David R. Scott
Scott
James B. Irwin
Donald K
Deke
Slayton
Alan Shepard
Ed Mitchell
Irwin
Alfred M. Worden
Moon
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Automoblic Manufacturers Association
Philadelphia Bank
Liam J. Cotter
FBI
J. Edgar Hoover
Cotter
U.S. Postal Inspection Service
Ani
Kee
Charge St
Cotos
Tanya
Lanter
Seace
Oxford
Briggs and Stratton
ETL
H.P
Secon
K Mart Plaza
Funkee
Riverside
Heddon