Nixon Seeks New Economic Advisors Amid Shakeup
The Nixon administration faces a staff reshuffle with Homer Budge exiting the SEC, Maurice Mann resigning from the OMB, and Treasury Secretary Kennedy possibly leaving. Edwin Etherington and Ralph Saul are among names considered for the SEC post, while Edward Geng returns to the Fed and Gordon Hague potential Kennedy replacement rumors swirl. US October income, profits, and industrial output show declines, with a GM strike contributing to the drop.
MENTIONED IN THIS ARTICLE
New York
Nixon
Homer H. Budge
Securities and Exchange Commission
Maurice Mann
Office of Management and Budget
Treasury
David Kennedy
SEC
Budge
Edwin D. Etherington
American Stock Exchange
Etherington
Amex
Wesleyan University
Middletown
Conn
U.S. Senate
Connecticut
Lowell Weicker
Senate
Ralph Saul
Richard Smith
James Needham
Edward J. Geng
Kennedy
New York ‘Federal Reserve Bank
Gabriel Hague
Manufacturers Hanover Trust Co
Retail Sales Seminar Set in Lexington and Thomasville
Mrs. Doro thy K. Fierst of Atlanta will lead a two hour sales seminar for Lexington and Thomasville retail personnel at Davidson County Community College Monday at 7 30 p m The program is jointly developed by the college and Fashion Institute of America and is sponsored by the Lexington and Thomasville chambers of commerce plus the Retail Merchants Association Approximately 125 attendees are expected Members attend free non members pay five dollars.
MENTIONED IN THIS ARTICLE
Lexington
Dorothy K. Fierst
Atlanta
The
Fashion Institute of America
Davidson County Community College
Thomasville
Mrs. First
Thruway
Winston- Salem
College
Fashion Institute
Lexington and Thomasville
Trade Winds Economic Policy Struggle Flares
President Nixon faces an internal White House clash over boosting spending and monetary expansion. Dr. Herbert Stein pushes for easing credit, backed by GOP politicians, while Kennedy and Burns resist. Bank economists warn rapid growth可能 fuels inflation and hurts savers.
MENTIONED IN THIS ARTICLE
Lou Schneider
Alliance
New York
Nixon
White House
Herbert Stein
DEA
Paul McCracken
Stein
Treasury
David Kennedy
Federal Reserve Board
FRB
Arthur Burns
Independent
CEA
Safer to Replace Reasoner as 60 Minutes Cohost
Morley Safer chosen by CBS to join Mike Wallace as cohost of 60 Minutes on December 8. He replaces Harry Reasoner who leaves to anchor ABC Evening News. Safer has served as CBS London bureau chief since 1967.
MENTIONED IN THIS ARTICLE
Morley Safer
Harry Reasoner
New York
Columbia Broadcasting System
The
Network
Mike Wallace
American Broadcasting Co
Consumers Learn How To Use Credit
The National Consumer Finance Assn. promotes credit education for a financially savvy public. Over 12 years about four million students have studied financial planning and credit with teaching kits mailed to teachers. The NCCFA reports heavy demand for kits and film showings across North Carolina as its program matures.
MENTIONED IN THIS ARTICLE
National Consumer Finance Assn
Carl F. Hawver
The
North Carolina Consumer Finance Assn. Has
P. R. Smith
NCCFA
Court Ruling Grants Welfare To Teacher In California
An Alameda County welfare hearing officer ruled that an elementary school teacher earning 11 000 annually is eligible for 344 in welfare for her two months summer vacation under AFDC. The unnamed 33 year old mother of two separated from her husband would receive two 172 monthly payments. The ruling rests on state rule that income is counted in the month received. The Alameda County counsel's office said the decision would be appealed to Superior Court.
MENTIONED IN THIS ARTICLE
Carl Madden
U.S. Chamber of Commerce
Madden
Oakland
Calif
California
Maurice Rosen
Alameda County
Bank Debits Rise Across North Carolina SMSAs
Debits in the Fayetteville SMSA grew 7 percent to 192 042 000 with Durham up 5 percent to 392 756 000 and the Greensboro Winston Salem High Point area rising 4 percent to 2 155 302 000. Asheville up 2 percent to 260 058 000 while Charlotte eased less than 1 percent to 2 015 185 000.
MENTIONED IN THIS ARTICLE
Fayetteville
SMSA
Wilmington
Greensboro- Winston-Salem-High Point
Asheville
U.S
Richmond Reserve Bank
Fifth District
New Peoples Savings and Loan Building Under Construction
Plans for a two story brick glass and marble building at Salem and Guilford streets to house Peoples Savings and Loan Assn of Thomasville. Architects Stout and Coltrane of Greensboro. Romeo Guest Associates as general contractor with bid. Completion targeted by mid spring.
MENTIONED IN THIS ARTICLE
Peoples Savings and Loan Assn. of
Thomasville
Salem and
Guilford Streets
Bank Debits Rise in Most NC Centers in October
Bank debits in Raleigh and other North Carolina centers increased in October year over year, per figures from the Federal Reserve Bank of Richmond. Raleigh MSA debits rose 16 percent, with most major reporting centers showing gains.
MENTIONED IN THIS ARTICLE
North Carolina
Federal Reserve Bank of
Richmond
Raleigh Standard
Mendenhall Re-elected VP and Director of Brokers Realty
High Point realtor Ed Mendenhall was re-elected vice president and director at Brokers Realty Investment Corp. during the annual stockholders meeting of the executive committee. Brokers Realty Investment Corp. is described as a national real estate investment company.
MENTIONED IN THIS ARTICLE
Benton
Winston-Salem
Ed Mendenhall
High Point Realtor
Brokers Realty Investment Corp
Brokers
Benton Resigns From McLean Trucking Co
M. C. Benton Jr. tendered his resignation effective Jan. 15 as an officer and director of McLean Trucking Co and all subsidiaries. Benton joined the trucking firm earlier and now leaves his post.
MENTIONED IN THIS ARTICLE
McLean Trucking Co
M. C. Benton Jr
Benton
Trucking
Also Mentioned on This Page
Carole Martin
Philip, Loomis Jr
Peter Flanigan
Mann
Eastern Commercial Bank
Hague
Nomic
Eisenhower
Robert W. Haack
New York Stock Exchange
Wall Street
United Auto Workers Union
General Motors
General Motors Corp
American Protective Systems OF
N.C
Sanford Furniture CO
Sanford
Mereen Johnson
Mattison
Edinburg Industries Chocowinity
Washington
Merritt
Salem & Time Saver
Berthelson
Cenco
Sesiehe
Sotteam Coch
Cercle Ghid
Cleveland
Ohio
Ae Lee Es Oe
Ed Lyon, Jr
C.la
Gatewood Ave
Ray Hubbard
125 Realtors of America
Alaska
Hawaii
Mendenhall
E. Westwood
West High ST
Ana UE
Greensboro
High Point
Wachovia
Wachovia Bank & Trust Company
N.A
Federal Deposit Insurance Corporation
George P. Clark
C.S.A
Hayden Place
Cooper D. Cass CO
North Main
Denia
Cone III
Robert McCuiston
C.L.A
South Main Street
Integon
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