Fed moves cut discount rate as unemployment plan advances
The Federal Reserve cut the discount rate charged to member banks to 1% in New York Philadelphia Chicago St. Louis and Minneapolis from 2% in those districts. It also reduced reserve requirements in New York and Chicago linked to gold exports. The actions aim to loosen money for enterprise. In Congress the Ways and Means Committee reached tentative agreement on a $6 billion federal unemployment relief bill financed by the federal government, with 16 weeks extra benefits to workers who exhausted state programs.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
House
Senate
Eisenhower
Federal Reserve
New York
Philadelphia
Chicago
St. Louis
Minneapolis
Capitol
House Ways and Means Committee
Sonic boom rattles southeast Los Angeles area
Hundreds of residents in southeast Los Angeles County rushed from homes Thursday noon after a loud blast cracked windows and shook houses. Norwalk, Paramount, Artesia and surrounding areas reported shattered panes and about 30 to 50 calls to sheriff and police as the sound barrier was breached by a jet. Two ambulances and a radio car were dispatched to the Lakewood area amid concern of an explosion.
MENTIONED IN THIS ARTICLE
Los Angeles
Norwalk
Sheriff's Office
Paramount
Artesia
Long Beach
Reas
Police Department Board
Firestone Sheriff's
Lakewood
Bellflower
Nor-Belfair St
Across the Nation TV License Rehearing Ordered
U S Court of Appeals orders a new hearing before the FCC in Miami Channel 10 award to Public Service Inc. to probe misconduct or improper influence and report to the three man panel. President Eisenhower plans weekend at Camp David with First Lady. Hagerty notes departure from White House today. Daughters of the American Revolution vote to urge U S withdrawal from the United Nations after debate.
MENTIONED IN THIS ARTICLE
Washington
U. S. Court of Appeals
Federal Communications Commission
Television Channel 10
Miami
Fla
ING Colit
Dday Garman
The
Public Service, Inc
Eisenhower
Catoctin Mountain
Camp David
Thurmont
James Hagerty
White House
UPI
Daughters of the American Revolution
U.S
United Nations
Russia
CBS makes wage offer to 1400 CBS strike technicians
CBS offered a new wage proposal to 1400 striking radio and television technicians after 11 days of walkouts in eight cities. The International Brotherhood of Electrical Workers AFL CIO said its members may decide whether to accept the offer.
MENTIONED IN THIS ARTICLE
Washington
Columbia Broadcasting System
International Brotherhood of Electrical Workers
Afl-Cio
CBS
Narcotics Hidden in Cemetery Reveal Bizarre Lakewood Arrest
In Bell Gardens a group of four men was arrested after a fender-bender incident escalated. Investigators found 30 tembutal tablets buried under a cemetery sign at Gage and Garfield Avenues following a tip from Joseph Abernathy. He led deputies to the cache near the sign.
MENTIONED IN THIS ARTICLE
Bell Gardens
Lakewood
del Amo Blvd
Woodruff
Norwalk Sheriff's Office
Diggs Murphree
P T A Probes Education Criticism With Three Rs Plus
California Parent Teacher Association chapters will launch a state wide Three Rs Plus study to assess criticisms of education as Soft Spots face PTA scrutiny. Mrs Ray Reese elected president of the 33rd District at the convention, with plans for a year of reports, new officers, and broader public outreach.
MENTIONED IN THIS ARTICLE
California
Ray Reese
Pico Rivera
California Congress of Parents, and Teachers
Municipal Auditorium
Los Angeles County
Inew
Reese
R. A. Ashby
Downey
Kenneth Goodban
Bellflower
Harold Kingsbury
Whittier
Home Service
Charles
A. H Woods
F Communications
Harry Setex
Long Beach
L. K. Bright
Lynwood
Sputnik
Long Beach high school girl tops national homemaker contest
A Long Beach high school girl is among 300000 contestants in the national homemaker of the future competition. A strong rally by rails pushed the stock market to a sizable advance on Thursday.
MENTIONED IN THIS ARTICLE
Long Beach
Rails
Nine and three year olds hike to Grandma's house long way
Adrienne Anderson nine and Gilbert Callahan three and a half walked from Compton toward New Jersey claiming Grandma’s house as their destination. They wandered about six miles along Santa Fe Avenue before a passing motorist drove them to Long Beach juvenile officers who returned the children to their home.
MENTIONED IN THIS ARTICLE
Grandma
Compton
New Jersey
Adrienne Anderson
Adrienne
Joan Callahan
W. Laurel St
Shema
New, Jersey
Santa Fe ‘Ave
William H. Sexauer
Delta ‘Ave
Sexauer
Long, Beach
Conventional Plane Altitude Record Set
The article reports a new altitude record for conventional aircraft as Comdr. George C. Watkins, flying a Grumman F11F-2, surpasses the previous mark and contends he could exceed 80,000 feet under colder upper air. It notes prior high altitudes by Iven Kincheloe in 1956 and references the Zoom Climb test and the GE J79 engine.
MENTIONED IN THIS ARTICLE
United States
George C. Watkins
Pasadena
Grumman
Great Britain
Michael Randrup
Air Force
Iven Kincheloe
Watkins
Edwards Air Force Base
General Electric
Taxpayer laments taxes squeeze as market hopefuls brokered
A distressed taxpayer, after days of worry, finally voices despair over taxes consuming his income. He mutters of a clouded expression and seeks a broker to discuss the market’s potential silver lining.
MENTIONED IN THIS ARTICLE
Weatherman
Hi - Yea
Coliseum Debut Looms as Dodgers Giants Play Day Game
Dodgers and Giants meet at the Los Angeles Coliseum at 1 30 pm for a debut billed as baseballs Southern California baptism. A huge crowd is expected after a large San Francisco turnout, with a motorcade welcome through downtown Los Angeles.
MENTIONED IN THIS ARTICLE
Hank Hollingworth
Major League Baseball
Southern California
Dodgers
Giants
Coliseum
San Francisco
Internatinal Airport
Biltmore
Dodger
Ner
Carl
Erékine
Burns
Los Angeles
Hall
Seals
Also Mentioned on This Page
Mills
D-Ark
Democratic Committee
Ahi Lo Ee
Mmes
Ashby, Bright
Goodman
Jet
Ike
U.S. Court of Appeals
Beauty
San Francisco WR
Lee Ann Meriwether
Frank Aletter
City Hall
St. Francis Episcopal Church
DAR
Gary Dash
T.A
Bryan Hodgson
Spaceman
Cmdr
Mark
John Norris
el Centro
Bob
Anders
Little Gilbert
Gilbert Callahan
Apol
Soucek
Edwards
Anata Ton Ee
Tae
Navy
Theja
Naval Auxiliary Air Station
Vice
W. V. Davis
Chief of
Naval Operations
Lucifer Lightboot
Alibi
Joy
San Francisco Chamber of Commerce
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