U.S. to End Fiscal Year With Whopping Deficit
The government closes its books on the current fiscal year amid a $7 billion deficit with projections of another sizable shortfall in 1943. Calls for immediate tax cuts grow from labor groups and business, while Kennedy promises an across the board reduction next January. Senate leaders urge spending cuts to accompany any tax relief.
MENTIONED IN THIS ARTICLE
Washington
Senate
Walter Reuther
Reuther
United Auto Workers
Detroit
U.S. Chamber of Commerce
Administration
Secretary of the Treasury
Douglas Dillon
President's Council of Economic Advisers
Kennedy
Kenedy
Congress
Chamber
H. Ladd Plumley
Renews Call
Hubert H. Humphrey
Minnesota
George A. Smathers
D-Fla
Smathers
Finance Committee
Everett M. Dirksen
Tinois
Ma Bridget
Ladd Plumley
U. S. Chamber of Commerce
Plumley
Bar Association study urges constitutional debt limits in Pennsylvania
The Pennsylvania Bar Association's Project Constitution proposes amending the 1873 constitution to require voter authorization before authorities can contract debts, except for projects funded solely from designated revenues. The group also backs continuing the ban on a graduated state income tax.
MENTIONED IN THIS ARTICLE
Atlantic City
Nlapj
Pennsylvania
Pennsylvania Bar Association
Bar Association
Compromise Health Plan Gains Senate Support In 1962 Debates
The compromise Social Security health plan, blending benefits with private insurance options, gains five Republican sponsors and could clear the Senate this year. Senator Humphrey says 54 votes would push House action, while Anderson notes private policy options for those 63 and older. The plan finances through payroll tax increases and targets 2.3 million non–Social Security individuals alongside 15 million covered by Social Security or Railroad Retirement by 1964.
MENTIONED IN THIS ARTICLE
Washington
Senate
Hubert J. Humphrey
House
Minnesota
Ways and Means
Humphrey
Clinton P. Anderson
D-N.m
Morse
Kennedy
Mannino
Anderson
Social Security Administration
fTor
X15 Pilot Describes Supersonic Flight at Edwards
X15 pilot John McKay described the flight over Edwards Air Force Base as the craft exceeded Mach three. He noted the plane popped and crackled like a hot stove and endured surface temperatures around 1000 degrees as the desert air heated the skin beneath the aircraft.
MENTIONED IN THIS ARTICLE
Edwards Air Force Base
Calif
John Mc ‘Kay
McKay
Shortway Association seeks pledge for 1966 completion
The Keystone Shortway Association, at its annual meeting in Williamsport, urged Democrats and Republicans to guarantee early completion of the Sharon to Stoudsburg interstate. Rep. William W. Scranton pledged to push for a full progress report and accelerate work if elected governor, with term ending January 1967. The organization re elected its officers, including President Z. W. Confair and Executive Secretary C. E. Noyes.
MENTIONED IN THIS ARTICLE
Williamsport, Pa
Keystone
Association
U.S
William W. Scranton
Scranton
Shortway Association
Sen. Z
Confair
R-Lycoming
Gardat Ward
Sharon
Paul R. Every
Bloomsburg
Curtis TD. Thomas
Williamsport
Martin Cohn
Hazelton
William K. Ulerich
Clearfield
C. E. Noyes
Trial Lawyer Says Words Outweigh Money in Boardroom Battles
Manhattan attorney Milton Gould recalls helping topple two film and publishing giants within days. He cites clear exposition as his tool, arguing directors must balance public duty with entrenched management to avoid harm to stakeholders.
MENTIONED IN THIS ARTICLE
NEW York
Manhattan
Milton
Gould
Spyros P. Skouras
Hollywood
20Th Century-Fox Film Corp
Robert E. MacNeal
The
Curtis Publishing Co
Curtis
Saturday Evening Post
Ladies Home Journal
Uniform Car Rules Sought at Governors Conference
Governors from 54 states and territories gathered in Hershey to discuss uniform motor vehicle equipment standards and an interstate compact on drivers licensing. The plan aims to standardize lighting rules and mutual enforcement of four major driving offenses, reducing multi state licensing and promoting safety cooperation.
MENTIONED IN THIS ARTICLE
Hershey
Buford ‘Ellington
Tennessee
Committee For Roads and Highway Safety
Acon
Hawaii
Lutherans Take New Unity Step
Detroit AP report notes American and domestic Lutheran groups moving toward greater unity. Negotiations between Church bodies including the Missouri Synod advance toward a new inter Lutheran agency to replace the National Lutheran Council, with potential full changes by 1965. Other large Lutherans may follow in October.
MENTIONED IN THIS ARTICLE
Detroit
Mich
Church
America
inter-Lutheran
Missouri Synod
Picbhe Nalion
Ecliow
Cleveland
American Lutheran Church
Lutheran Church In America
National Lutheran Council
Algerians vote to end 74 year struggle for independence
Algeria prepares for a Sunday referendum on independence from France. Six million voters are expected to answer yes with claims of near unanimous support from Moslem nationalists. European minority fears possible violence but pledges to vote to avoid trouble.
MENTIONED IN THIS ARTICLE
Algiers
Algeria
Mostems
Rence
France
Casbah
Charles’ de Gaulle
Evian
Umions
H. E. Gilbert
Lar
Itock
Men Await Steel Pact
Washington AP reports new steel labor contracts take effect Sunday and will not raise wages but add fringe benefits. The deals cover about 450,000 workers and aim to improve job security amid widespread layoffs and part time reductions in the past three months.
MENTIONED IN THIS ARTICLE
Washington
Red China rejects Kennedy call on Formosa force
AP dispatch notes Peiping dismisses Kennedy’s push for mutual renunciation of force over Quemoy and Matsu. It cites Peiping press as saying U.S. threats are defensive and questions the need for a no force pledge amid tensions near Taiwan. Chu Teh warns that any enemy move will fail as forces concentrate in Fujian and Quangdong provinces.
MENTIONED IN THIS ARTICLE
Tokyo
China
Kennedy
Formosa
Quemoy
Matsu
United States
Formosa Strait
Chiang
Nation-Kai-shek
Quemsy
New China
Red
Peiping
Ping
Taiwan
U.S
Ken False
Reedy
Firstiat Peiping
Eisenhow
Japan
Chaing Kai-shek Gang
Chu Teh
Red Army
Red China
Fukien
Korea
Southeast Asia
Defense Ministry
Laos
Viet Nam
Tor Cers
BEOMO
South China
North China
Hong AP
Allegheny Ludlum to Cut Stainless Sheet Prices
Allegheny Ludlum Steel Corp will reduce base prices about five percent on select stainless steel sheets and plates starting Monday. The firm also cuts distributor discount from ten to five percent and will adjust extra charges for special customer specifications due to competitive conditions.
MENTIONED IN THIS ARTICLE
Pittsburgh
Alleigheny Ludlum Steel Corp
Allegheny
Priday
Also Mentioned on This Page
Dexter Otis Arnold
Concord, N. H
General Federation of Women’s Clubs
Washington, D. C
X15
Steve
Belo
Norma
Weather Bureau
U. S. Weather Bureau
Railmen
Army of National Liberation
Philadelphia
Presidential Railroad Commission
Gilbert
National Mediation Board
JFK
Wu Ue Wwukioy
Atti
Evans
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