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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Aug 10, 1966
Page
5
Washington report notes war effects on the economy are real but modest. Private plane sales rise sharply, consumer prices climb about 2.5 percent in 12 months, foods cost up near 4 percent, steel prices stay mild, taxes rise marginally, and mortgage lending tightens as new homebuilding slows.
A detailed review argues that despite a tight money situation and war costs, total lending rises and domestic spending grows. It notes banks and mortgages expand, supply shortages and skilled labor limit investment, yet the defense budget remains a small GDP share. The article cites two reasons for limited impact: a large preexisting defense base and GDP growth absorbing war costs.
A New York Times Service report notes rising bankruptcies as more Americans earn more money yet fail financially. It highlights a 31 year old ex model who used 17 aliases to rack up 86 thousand dollars in unpaid bills across 64 stores and 32 doctors, with assets of only 500 dollars. The piece discusses how garnishment laws affect filings, routes through federal courts, and the contrast of wage earner plans versus straight bankruptcies, noting lenders’ readiness to work with debtors at a price.
Tyonek Alaska, home of the Moquawkie Indians, has closed its airstrip to all but invited visitors as it guards a $12.5 million windfall from oil leases. Leaders rejected a per capita spread, creating a family plan to oversee $5,000 per person while investing in real estate, utilities, and a tribal lending program.
Chicago reports on a seven month University of California study from Sept 1 1965 to Apr 1 1966 showing LSD restrictions did not reduce demand. The largest monthly patient intake occurred in March 1966, with 70 cases of serious reactions among predominantly young single white males. All obtained LSD illegally, often with anxiety depression or confusion as main symptoms. See TAKING on Page A-12.
Harlem residents describe a psychological barrier around upper Manhattan as whites avoid the ghetto. They seek a public magnet to draw mixed crowds and challenge stereotypes while addressing poverty, housing, and employment gaps. The piece notes the era’s Harlem optimism contrasted with long standing deprivation and calls for direct, individual engagement.
Walter Rugaber reports on the Grosse Pointe area and its stark segregation, despite affluence. The Wright family, led by A Gordon Wright, moves into Grosse Pointe Woods amid curiosity and harassment, highlighting the broader struggle over open housing laws and white resistance in the Detroit region.
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