Galbraith backs wage price restraint amid Nixon move
Harvard economist John Kenneth Galbraith argues ongoing wage and price restraint is essential for long term economic stability. He says Nixon’s 90 day price and wage freeze is a major reversal for the administration but fits a 15 year trend toward controls. He warns against tax cuts fueling inflation and urges continued targeted controls in key industries.
MENTIONED IN THIS ARTICLE
India
Kennedy
Wage-Price Control Board
Galbraith
Vermont
Nixon
United States
Marriage support urged for Hollings wedding in Charleston
The Columbia pastor Rev. George E Meetze says the church should not judge divorced people when forming new families. He will wed Sen Ernest Hollings and Rita Liddy at The Citadel Chapel amid Catholic guidance urging Catholics to avoid the ceremony.
MENTIONED IN THIS ARTICLE
Columbia
S. C
Ernest F. Hollings
D-S. C
Rita Liddy
Charleston
George E. Meetze
Lutheran Church of the Incarnation
Meetze
Hollings
Miss Liddy
Citadel
South Carolina
Military College
John Manning
Savannah Flood Relief Still Underway After Heavy Rain
Savannah sees lingering water as repairs continue after record rains. Red Cross relief efforts cost about 375000 dollars. Seven inches of rain fell in 12 hours ending Tuesday morning. 200 to 300 people evacuated from low lying areas with no serious injuries reported. Civil Defense warned a high tide could have worsened the disaster.
MENTIONED IN THIS ARTICLE
Savannah
Red Cross
Civil Defense
Grower Costs Rise Tobacco Prices Yet Profits Steady
North Carolina growers receive record tobacco prices with margins similar to last year due to higher costs. Labor, supplies, and equipment push costs to 800 to 1000 dollars per acre, while overall belt prices climb to an all time average of 77.85 per hundredweight for the best leaf as sales begin.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina
John H. Cyrus
North Carolina Department of Agriculture
Cyrus
South Carolina
Federal State Market News Service
Insurance deductible switch could cut auto premium
A change from a $50 deductible to a $100 deductible may reduce auto insurance premiums by up to 20 percent. The move shifts some cost to the policyholder while offering potential long term savings.
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William Morrissey
Associated Press
Joe Bland
S. Main St
Brick
Bradley
Hunsucker
By Reese Hart
Penneys
Jcpenney
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