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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 09, 1960
Page
2
The AMA discusses rising physician fees, noting misunderstandings with patients and a few doctors who overcharge. It argues high costs can fuel support for government controlled care, while stressing fees must be fair, transparent, and aligned with patients’ ability to pay.
The Shreveport Times notes that aging U S plants and inflation push for tax depreciation reform. House Ways and Means shelving and an expected fall report keep Congress preoccupied during an election year. Estimates warn that 50 percent of equipment in many firms is 10 years old or older and billions in obsolete machinery need replacement.
A College Entrance Examination Board report argues higher education in the United States costs rise without reaching all youths. It cites bias in admission, emphasis on athletic talent over academic skill, dropouts among capable students, and the need to measure ability more fairly. It calls for selective processes to be improved while expanding access to those who can benefit communities.
The High Point Enterprise Independent newspaper lists publication details including address North Main High Point, North Carolina. It names D A Rawley president MRS R B Terry secretary treasurer Holt Nepherson editor and C Patterson managing editor.
A compact profile tracing why Democratic and Republican presidential candidates struggled from 1928 to 1956. It notes Al Smith’s reform record, Hoover’s rise and fall, Willkie’s charisma amid stay home voting, Dewey versus Truman, the Dixiecrat and Liberal splits, and Stevenson’s repeated defeats as a quasi intellectual candidate.
The June and full year Department of Revenue figures show total collections at 443 million, about 62 million higher than last year and 26 million above estimates. Windfall gains from withholding on personal income taxes were seven million below forecasts, while general fund receipts exceeded estimates, yet highway revenue lagged by nearly a million. The report notes teachers will receive a 5 percent pay raise, with checks over 150 dollars per teacher for 1959 60.
Notes on the News argues highway funding suffers from revenue diversions. Gasoline and oil inspection fees collected last year totaled 4.98 million, yet only 310 thousand funded the inspection service, leaving over 4.5 million as general fund profit. The Motor Vehicles Department cost 8.92 million charged to highway revenue, while funds went to Prison Department and other agencies.
Fortune magazine economics staff project continued moderate growth with no boom. GNP to 527 billion in constant prices by year end 1961, defense spending rising, prices and wages up about two percent yearly, unemployment around five percent, and steady expansion lasting into 1961 with restrained inflation and rising consumer spending.
A miscellany of short quips and anecdotes: anger as normal in balanced people, a heated cooling garment, a Dallas Morning News note on merrymakers at palace gates, 1912 Nebraska night stop law, a job aptitude gag, rose oil and fake scent, Pony Express recall ad, bald eagle diet, a weary editor quip about disarmament, shopping center impulse, banana float for kids, and Goering’s WWII defiance remark.
The piece notes state and federal excise taxes on automobiles, parts, and accessories go to the general fund. It highlights how some states ban diverting highway revenue and describes a trend toward depositing all government receipts into one pot and funding expenses without regard to revenue origin.
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