American Exchange McNamara Defends Bomber Cut
McNamara defends a bomber cut amid New York Exchange sales in a tense trading session. The move prompts questions about market strategy and regulatory stance as analysts weigh potential impacts.
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Apr 25, 1966
Page
2
McNamara defends a bomber cut amid New York Exchange sales in a tense trading session. The move prompts questions about market strategy and regulatory stance as analysts weigh potential impacts.
Secretary of Defense McNamara defended a plan to cut the long range bomber fleet by over one third despite a House subcommittee report criticizing the move. The report would require the executive branch to seek Congress before eliminating major weapons. The plan faced charges of ignoring Pentagon advice and eliminating the B58 bombers, amid warnings of possible nuclear exchange if wrong.
Communist war planes challenged U S raiders but stayed away as ground gunners claimed two Air Force planes. Saturday saw two more shot down. American pilots reported no MIG jets on Sunday while Navy planes hit targets nearby. In Mekong Delta iterations, Vietnamese forces claimed 245 Viet Cong killed and 20 weapons captured.
Kennedy chaired the Senate Foreign Relations committee as Galbraith warned senators about cutting the 3.4 billion dollar aid program. He suggested better ways to express dissatisfaction with U.S. policy in Vietnam. Fulbright proposed amendments to place more development loans under international management such as the World Bank.
A series of meetings by chain stores and buying groups assessing the market continues as exhibitors at the Furniture Plaza press breakfast report solid attendance. The traditional exposition building press drew a good crowd last night and the market is set to close Friday.
Tornadoes blasted into northeast Texas causing major damage and at least ten deaths with thousands left homeless as heavy rains flooded areas around Kenedy and Range. Amid the disaster, church leaders faced internal unrest over the National Council of Churches and its political statements, while other church bodies pressed for clarification and possible withdrawal.
Fragmentary text from Page 1A hints at a government topic involving federal action, labor groups, and business interests. The uncertain wording obscures specifics such as agencies, dates, or outcomes.
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