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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 12, 1966
Page
4
The Federal Reserve Board marks a year since its December 4 3 decision to tighten money, easing the squeeze on dollars and allowing limited credit growth. Rates stay high due to prior actions, and a full return to normal is unlikely as the economy cools and fiscal stability is urged through spending restraint at the federal level.
Western Electric and Nike missile programs draw Senate and White House attention as Congress weighs a 30 to 40 million ABM project. Defense Secretary McNamara delays while Rep Rivers pushes for immediate production backed by Strom Thurmond. Nike Hercules and Nike-X face deployment costs amid material and manpower shortages. The Army also seeks rapid production of the Sam surface-to-air system for Vietnam, highlighting scarce skilled personnel and funding conflicts.
Editorial notes a National Academy of Sciences warning on waste from production and use, urging air cleanup. It details conferences in Washington and New York, historical pollution events, and progress in cities like Los Angeles and New York as federal, state, and private efforts align under the Clean Air Act.
Editor notes Jack Anderson awards the brass ring to Drew Pearson for a free ride on the Washington Merry-Go-Round. The piece recalls Pearson 34 years of relentless journalism exposing corruption and his soft spot for victims, while noting clashes with figures like LBJ Nixon and McCarthy.
Vic PER INC names a teen as treasurer secretary and president elect. The announcement outlines upcoming duties and leadership transition within the organization.
Fayetteville business leaders visit High Point to study the East Central district and the Downtown renewal, with North State Telephone’s new building open and plans to extend redevelopment to curb urban decay. A Christmas wreath gift from Mrs. Alson Gray highlights local arts. High Point Central High School to stage a Christmas concert and Judy Teer steps down as Youth Council director in favor of Shela Turpin.
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