New Economic Chief Sees Money Problems If Taxes Rise
Arthur M. Okun, Johnson's pick for chair of the Council of Economic Advisers, warns Americans face money problems without a 10 percent income tax surcharge. He cites higher interest rates, price-wage pressures, tight loan money, and balance of payments disruption as consequences. Okun, youngest CEA chair, supports tax and spending tools but rejects wage-price controls. Ward Kenner criticizes the plan as failing to tackle underlying deficits driven by government spending abroad.
MENTIONED IN THIS ARTICLE
Washington
Arthur M. Okun
Johnson
Council of Economic Advisers
Okun
U.S
Europe
Federal Reserve Board
Gardner Ackley
Ackley
Senate
Italy
Yale University
New Economics
Ward Kenner
B. F. Goodrich Co
Tobacco bargaining to resume as picketing continues
Officials of American Tobacco Co and the Tobacco Workers International Union will resume talks next Monday after failing to agree on pay and workload. Pickets remain at Durham Reidsville Richmond and Louisville plants with one line crossing at the Durham plant reopening for the 7 am shift. The union seeks 50 cents an hour raise while the company offers 21 cents plus 8 cents later. talks were ongoing since Oct 30 with 5,400 workers striking New Year’s Day.
MENTIONED IN THIS ARTICLE
Durham
American Tobacco Co
Tobacco Workers International Union
North Carolina
Reidsville
Richmond
Louisville
Rudolph Hobby
Seth P. Brewer
Federal Mediation and Conciliation Service
Howard W. Vogt
Vogt
Printer's error cites City of Charlotte on tax forms
In Mecklenburg County a mailing error put City of Charlotte at the top of 60000 personal property tax listing forms. A Bureau of the Census report notes one in 17 Americans lived on a farm in 1966.
MENTIONED IN THIS ARTICLE
Charlotte
Mecklenburg County
City of
United States
Bureau of the Census
Rockefeller Urges Curbs On Spending
Albany Governor Nelson Rockefeller called on lawmakers to curb spending and pause to reassess economic realities. He warned that government at all levels cannot spend beyond its means without harming credit and growth and urged balancing expectations with revenue capacity.
MENTIONED IN THIS ARTICLE
Albany
N.Y
Nelson A. Rockefeller
New York
Rockefeller
Rivers feeding Lake Baykal and Angara drainage
The Angara river is the sole outlet from Lake Baikal while 336 rivers flow into the lake from Asia. This contrast highlights Baikal as a vast inland water system with diverse inflows and a single exit.
MENTIONED IN THIS ARTICLE
Baykal
Asia
Father Questions Policy On Australia’s First Quintuplets
The father of Australia’s first quintuplets insured for 400 dollars against a multiple birth. A policy clause said payout would be invalid if births occurred more than six weeks before the due date. The quints were born prematurely on Sunday by six weeks and a few days. The Braham family says they are hopeful about hospital discharge in the coming weeks as the mother recovers.
MENTIONED IN THIS ARTICLE
Brisbane
Australia
Lloyds of London
Quints
Roger Braham
Patricia Mary
Braham
Tenterfield
New South Wales
Greensboro Manager Quits
Greensboro City Manager George Aull resigns from the $22,500 a year post effective Feb. 1 to work in private industry. Greensboro and Guilford County will seek new managers as County Manager Carl Johnson also left last July for Fulton County Georgia.
MENTIONED IN THIS ARTICLE
Greensboro
George Aull
Guilford County
Carl Johnson
Fulton County
Atlanta
Aull
Lincoln era assassination bid targets Seward and Johnson era
Lincoln's assassins aimed at Secretary of State Seward as well as the president. An accomplice broke into Seward's home and wounded him. Seward recovered and remained in office under President Johnson.
MENTIONED IN THIS ARTICLE
Lincoln
Seward
John Wilkes Booth
President Johnson
Also Mentioned on This Page
Doan
N. Main
Atlity
Harry
Merit Shoe Store
S. Main
High Point, N. C
Paul Owen C
Juliette
Nash Jewelry CO
Cred Vy OF
America
High Point Enterprise
Nelson Brumfield
Mgr
Fenne
Adonada
Ban-Lon
Dacron
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