14 May 1966
Page 1
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 14, 1966
Page
1
U S officials agree that rapid business growth will ease over the coming seven months amid inflation fears and auto market softness. Forecasts show GDP rising about 2.8 percent year over year with quarterly gains of 11 to 12 billion, below earlier peaks.
In Washington AFL CIO economist Nathaniel Goldfinger urged removing the 7 percent investment tax credit and raising the corporate profit tax to avert a potential slump. He warned heavy business investment and soaring profits could create a lopsided boom that would collapse under its own weight.
Senate hearing hears Timothy Leary defend restricted licensing for LSD for spiritual growth and knowledge while acknowledging risks. He warns of growing use among college students and suggests university supervised lab courses to curb indiscriminate use, and notes potential mind expanding effects for some users.
Tri Quang, influential Buddhist monk in Saigon, warned the government to keep promises or risk popular reaction as riots surge. Goldfinger urged curbing the capital goods boom to stabilize the economy amid rising profits, while Ky announced a yearlong process toward civilian rule with two elections and a proposed constitution.
A two ton truck overturned after Nye swerved to avoid a car that cut in front of him at an off ramp from the viaduct. A concrete pillar and drain pipe blocked the scene as the driver escaped injuries.
GTON AP Health spokesman said fallout from China’s latest blast will be barely measurable and short lived. A high altitude cloud moved east over the U S with the eastern seaboard and Europe to follow. Milk iodine levels remain far below dangerous thresholds and precipitation will drive ground fallout. Public Health Service expands milk sampling to gauge full fallout impact. Atomic Energy Commission suggests test was a low yield fission device, not thermonuclear.
About 850 students occupied parts of the University of Chicago campus to protest the school policy of aiding the draft. A declaration of their position was slipped under President Garde W. Beadle's door as he was away Friday night.
Two hundred students staged a sit in at City College of New York challenging sharing grades with Selective Service and demanding free access to the administration building. Dean Willard Blaesner said the demands would be considered and a token group maintained a one hour per day demonstration. The protestors planned to contact faculty and reassess their stance next week, insisting the building remain open in good faith.
A Southern Railway freight train struck a tanker truck at the U S 421 Gallimore Dairy Road intersection near Friendship Airport. Flames rose 150 feet as oil or gasoline spread over overturned railroad cars and the highway. About ten cars derailed, four burned, three engines left the tracks. No injuries reported. the truck driver escaped unharmed. Engineer T R Gilbert of Greensboro said he saw the tractor but could not stop.
Durham AP report says Dan Moore's press secretary accused the state's news media of offering a homogenized watered down version of the news. Jerry Elliott told Radio and Television News Directors Association of the Carolinas reporters are lax, with few checks by wire services and little regular in person contact.
Gemini 9 astronauts are set for a Cape Kennedy liftoff next Tuesday with a spacewalk and rendezvous with an Agena rocket. Astronaut Tom Stafford shares hopes for the mission in The Enterprise Sunday. Two High Point youths prepare for YMCA Oslo conference after summer break. The Enterprise will feature a look at the Communist Party in the United States and its current mood.
Saigon official report states 243 American planes shot down over North Vietnam since air assaults began February 1965, with 104 lost to enemy action in South Vietnam through last Wednesday. Ground fire caused most North Vietnam losses. only two were downed by MiGs. War activity eased overall as the spokesman cited improved enemy air defenses and attrition.
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