Economic literacy and profits in American business
A LA C SAYS column argues high school graduates misjudge corporate profits and returns. It cites a manufacturing firm where trainees guessed 15 percent post tax profits though actual was 5 percent, and averaged 5.4 percent for U.S. manufacturers. It notes stock dividends around 3.5 percent of owner value and that 60 percent of profits fund dividends while 40 percent support reinvestment and job security. The piece stresses public understanding of economics to support free enterprise and warns that schools and businessmen alike fail to explain profits clearly.
MENTIONED IN THIS ARTICLE
U.S
A.e
Ielt
LAC
U S Airlift Reported to Ethiopia Amid Border Clash
An informed Cairo source says American planes airlifted arms and ammunition to Ethiopia as it clashed with Somalia. Three to five transport aircraft reportedly moved weapons from West Germany and Washington, while officials denied knowledge of any arms shipment. The U S maintains a training mission in Ethiopia and supplies have long underpinned the Ethiopian army’s armament.
MENTIONED IN THIS ARTICLE
Cairo
Ethiopia
Somalia
West Germany
Washington
United States
Royal Dew
Acrats
Arertion
Asmara
Richard Nixon
Ment
Kennedy-Johnson
Irsca
Yorty and Wyman clash over California delegation
Los Angeles Mayor Samuel W. Yorty and Democratic Chair Eugene Wyman spar over California’s 1964 Democratic National Convention delegation. Yorty accuses Brown of backing off on commitments while warning he can block Wyman’s control, as the party faces pressure from party chiefs and central committee machinery.
MENTIONED IN THIS ARTICLE
Los Angeles
Upi
Samuel W. Yorty
California Democratic Central Committee
Eugene Wyman
Yorty
Brown
Pro- Wyman
Democratic Party
Wyman
Ernor Brown
Nixon
Johson
Ference Brown
California
Boy of Year Killed by Policeman in Spanish Harlem
The 18 year old Frank Rodriguez Jr was shot dead by an off duty patrolman after a knife incident that began when he and friend Jose Soto encountered two teenagers in Spanish Harlem. The officer fired a warning shot then a fatal shot to Rodriguez’s head. His widow Anca is pregnant with their second child due in June.
MENTIONED IN THIS ARTICLE
Rodriguez
Jose Soto
Soto
Donald Meszaros
Prince Bertil Prefers Bachelor Life During Sweden Week Visit
One year old bachelor and second in line for the Swedish throne Prince Bertil declared he would keep his single status. He spoke in Los Angeles during a visit and planned to travel next to San Francisco as Sweden Week begins.
MENTIONED IN THIS ARTICLE
Prince Bertil
Gustav VI
Los Angeles
San Francisco
See's Candy Chief Sued for Divorce in Los Angeles
Elizabeth Helms See sues her husband Charles See in Superior Court citing extreme cruelty. The case filed Wednesday in Los Angeles outlines a divorce action against the See’s Candy Co. head.
MENTIONED IN THIS ARTICLE
See's Candy Co
Los Angeles
Elizabeth Helms See
Charles
See
De Gaulle Greets Segni in Paris on Italy Visit
President de Gaulle welcomes Italian President Antonio Segni and Foreign Minister Giuseppe Saragat to a four day official visit aimed at renewing Franco Italian friendship. The meeting highlights shared European outlook and past frictions fading amid eulogies and ceremonial remarks.
MENTIONED IN THIS ARTICLE
de Gaulle
Segni
Paris
Italy
Carles de Gaulle
Antonio, Segni
Europe
Giuseppe Saragat
Ar Ginian
Naly
France
Ex Queen Narriman Prevents Split From Ex King Family
Police intervened Wednesday to stop Dr Adham Naguib from taking 3 year old Akram from Narriman wife of ex King Farouk. Narriman fled Alexandria to Cairo with her family three days earlier and police secured a written promise that the boy would be returned within two weeks.
MENTIONED IN THIS ARTICLE
Naryman
Egypt
Sarer Sur Pean
Akram
Narriman
Ane
Farouk
Alexandria
Cairo
Adham Naguib
Kira
Knight eyes 1956 bid for California governor
San Francisco AP reports Republican Goodwin Knight, governor 1953 to 1959, considering a 1956 bid but says he will not seek office this year. He notes rumors of a run for the U.S. Senate and his role with Rockefeller supporters. discusses a potential California Senate vice president nominee scenario.
MENTIONED IN THIS ARTICLE
San Francisco
Goodwin Knight
Knight
U.S Seaate
Chir Engle
F Knight
New York
Nelson Rockefeller
Weenie
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La.c
L A. Gofies Sr
Glenn Kendall
Chico
Calif
Luke EL Hart
The
Knights of Cofmtns
New Haven
Conn
Hart
Congress
Eisenhower
Manhattan
Wi- Bam Scorca
Queens
Theodore Sorensen
Kennedy
Johnson
Sorensen
Gary Merrill
Santa Monica Superior Court
Bette Davis
Michael 13
Newport
Connie Peterson
Butch
Connie
Sheridan
Wis
Yaar
Awe Cory
Ban
Linton
Lincoln Park
Sons and Daughters of
Western 65
Enrofimerd
Terry
Long Beach
Pine Ave
Lakewood
Redondo Beach
South Bay
Santa
Amazon
Dees
Jacs Regetary
Regent Shop
Madras
Mes
Speer
Regstaly
Lpiece Jewd
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