Federal Reserve faces inflation and war funding dilemma
The AP report outlines the Federal Reserve Board’s struggle to balance inflation with wartime funding needs. Analysts warn tighter money could raise rates and depress housing, while looser policy risks runaway prices. The piece notes potential voluntary credit restrictions and the broader tension between fiscal policy and monetary control.
MENTIONED IN THIS ARTICLE
John Cunntfe
New York
Federal Reserve Board
Weather Elsewhere Forecast Figures From Friday Night Update
Weather summary notes colder turning conditions Arkansas with frost and freeze risk. Temperatures drop to near freezing by Saturday followed by clearing skies and continued cold in the state. Overnight low in the 20s to 30s with Saturday highs in the 40s to 50s and precipitation limited to a quarter inch in parts.
MENTIONED IN THIS ARTICLE
Arkansas
Senate Finance Members Worry Over Social Security Tax Hike
Democratic senators on the Senate Finance Committee fear being outmaneuvered after approving a record Social Security tax and benefit boost. The tentative plan, reached after a month of closed-session work, would trigger the largest increase in benefits and taxes in 31 years and may become a campaign issue in 1960. Senator Williams of Delaware played a key role in pushing the measure forward.
MENTIONED IN THIS ARTICLE
Joe Hall
Associated Press
Washington
Senate Finance Committee
Russell B. Long
D-Law
Senate
John J. Williams
Delaware
Williams
Congress
House
Johnson
Hum Humphrey Golf Diplomacy in Malaysia Faces Defeat
Vice President Hubert H. Humphrey and Malaysian officials played four rounds of golf in Kuala Lumpur. He called the talks fruitful though the Americans lost the match, joking about Rahman’s California schooling. Prime Minister Abdul Rahman did not play due to a sprained ankle.
MENTIONED IN THIS ARTICLE
Kuala Lumpur
Hubert H. Humphrey
Humphry
Humphrey
South Vietnam
Indonesia
Tun Abdul Razak
Sean bin Abdul Rahman
Rahman
Malaysia
Vietnam
South
Institute of Public Health
No Profession Has Greater Casualty List Than Novelists
Hall of fame author Leon Uris warns that novel writing is a death trap for creatives. He cites London, Lewis, Fitzgerald, Hemingway and Faulkner as burned out by craft while detailing his own disciplined routine. Uris recalls battles to publish Battle Cry and outlines a long, prolific career balancing work and pleasure.
MENTIONED IN THIS ARTICLE
Hal Boyle
New York
Leon Uris
Uris
Jack London
Sinclair Lewis
F. Scott Fitzgerald
Ernest Hemingway
William Faulkner
U.S
Arts
Congo Invaders Press UN Meeting Over Invasion
Congo government asks the United Nations Security Council to address an invasion by white and African mercenaries from Angola. Kinshasa reports capture of a train and trucks and advances toward Lubumbashi, with Jadotville possibly in enemy control. Washington voices grave concern as diplomats note Portugal’s role and push for UN action.
MENTIONED IN THIS ARTICLE
Sy Pom Hou
Associated Press
United Nations
N.Y
the Congo
U.N. Security Council
Angola
U.N
Kinshasa
Lubumashi
Elisabethville
Katanga
Jadotville
Suburbashi
State Department
Washington
Fay D. Kohler
U.S
Jean Schramme
Bukavu
Shumbashi
Schramme
Congo
Moise Tshombe
Algeria
Portugal
Africa
Schranithy
Guards Called on Eve of Election in Gary
State riot police and National Guard troops are being ordered into Gary to prevent disorders during Tuesday's mayoral race. Gov Branigin cited imminent danger though numbers and timing were not disclosed. Tension runs high in racially mixed areas as candidates dispute the need for troops and allegations of registration list purges surface.
MENTIONED IN THIS ARTICLE
Gary
Ind
National Guard
Roger D. Branigin
Branigin
Adj
John S. Anderson
Richard G. Hatcher
Lake County
John &. Krupa
Hatcher
TV Am
Krupa
County Election Board
Faubus Hints He Might Run Again
Former Arkansas governor Orval Faubus suggested he may challenge Gov. Winthrop Rockefeller in 1968 reelection. He cited health, family opinion, and personal feeling as factors, while criticizing Rockefeller’s time in office and focus on discrediting opponents.
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Faubus
Huntsville
Ark
Orval Faubus
Winthrop Rockefeller
Rockefeller
Pioneer submariner Sloan Banehowet dies at 82
Obituary notes Sloan Banehowet 82 a pioneer submariner who skippered the original Nautilis on a 1931 expedition. Born Ansfidpolis son of a Navy officer he joined the submarine service in 1909 rising to lieutenant commander. Also listed are retired Vice Adm. Burton Biggs 69 longtime logistics director for the Pacific Fleet during the Korean War and Dr Norman C Meier 74 noted psychologist and former University of Iowa professor emeritus. James M. ONeill Jr. Washington Daily News critic died at an apparent heart attack after a lengthy career and a 1960 Ernie Pyle Memorial Award win.
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Olb Lyme
Sloan Banehowet
Banehowet
Ans Fidpolis
U.S. Naval Academy
Submarine Service
WS City
Flown
Norman C. Meier
University of Iowa
Meier
American Psychology Association
Washington
James M. O'Neill Jr
Washington Daily News
O'Neill
Ernie Pyle
Chile
Winston-Salem Riot Triggers Guards In Wake Of Looting
In downtown Winston-Salem an eight block area remained sealed off after a night of racial violence and looting quelled by 400 National Guardsmen and helmeted police. Three shot wounds among 18 injured included seven officers. five arrested. Firebombings and sniper reports persisted in other sections, with businesses burned and no additional injuries outside downtown. Authorities blamed hoodlums while Civil Rights leaders urged an end to the violence.
MENTIONED IN THIS ARTICLE
Rob Wu
Associated Press
Winston-Salem
N.C
Downtow
Winston - Salem
Justus Tucker
Ww. C. Benton
Rev. J. Ot
Winston-Ialem
National Association For the Advancement of Colored People
Rnit
Wlasston-Salem
Statensville
North Carolina
Gay
Dan Moure
Thomas W. Moure Sr
Arkansas Razorbacks to host Texas A&M in cold weather
Fayetteville Arkansas AP reports Saturday afternoon football expected to be partly cloudy and cold for the Arkansas Razorbacks game with Texas A&M. Weather Bureau forecast in Little Rock calls for around 40 degrees at game time with northerly to northeast winds of eight to 14 mph.
MENTIONED IN THIS ARTICLE
Fayetteville, Ark
Arkansas Razorbacks
Texas A&m
U. S
Lite Rock
White Clover Tests Better in Hope Area
In Fayetteville trials Regal outyielded Idaho Common across two years with better stand survival. At Hope Louisiana 8-1 surpassed Idaho and New Zealand, with Regal also higher than Ladino on Nolan's Improved. Louisiana 8-1 and Regal showed strong recovery and reseeding, while Ladino reseeded poorly at Hope.
MENTIONED IN THIS ARTICLE
Fayetteville
University of Arkansas Agricultural Experiment Station
M.S. Offutt
Offutt
Hope
Louisiana
Faubus Closes Home Tours After Weekend Turmoil
Former Governor Orval Faubus said he will close his mountain tours to live normally after the weekend. In Huntsville Arkansas crowds had gathered at his residence for about three months, drawing several thousand visitors daily despite police reports. In Winston-Salem North Carolina violence erupted after a 12 year old boy died following an incident with police. Police officer investigations and suspensions followed amid protests while a high school football game proceeded without incident.
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Aspen
Colo
Aris
Uris
Huntsville
Ark
Orval Faubus
Laat
Parsons
Uinister
Pier
Owens
Eller
Atte
Winston-saltern
Willy
Negro
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