Texas Congressman Spurs Action on Defense Profiteering
Texas Democrat Henry B. Gonzalez leads a drive in the House for three more years of the Renegotiation Board and for a uniform defense accounting system. He backs an inquiry into Vietnam war profiteers through a special committee modeled on the WWII Truman panel, while industry opposes and some lawmakers fear harassment. The measure, now in the Senate Finance Committee, draws support from figures like Rep. Vanik and Betts and Adm. Rickover who warn profits can be hidden in overhead.
MENTIONED IN THIS ARTICLE
Texas
Henry B. Gonzalez
San Antonio
Gonzalez
House
Harry S. Truman
Far East
Charles S. Gubser
Gubser
Logistic Management Institute
Cleveland Plain Dealer
Ways and Means
National Association of Manufacturers
U.S. Chamber of Commerce
Aerospace Industries Association
Senate Finance Committee
Adm
Hyman Rickover
House Banking and Currency Committee
Futures of food rise to meet world needs by 2000
A Ford MSU study predicting long term food abundance through exports of tech skills and agricultural science. Projections include higher yields, dairy gains, farm work done by degree holding specialists, and remote controlled farming aided by computers and satellites.
MENTIONED IN THIS ARTICLE
U.S. Agriculture
Ford Motor Co
Michigan State University
U.S. Labor Department
Employment Service Review
U.S
America
Underinsurance Gap in Homeowners Policies
A safety article argues many homeowners are underinsured for fire and other hazards. Rising replacement costs and law changes push higher coverage, but mortgages and agent workload limit adjustments. Examples show a $20,000 policy on a $40,000 replacement home leaves the 80 percent clause short, reducing payout to about $625 after depreciation.
MENTIONED IN THIS ARTICLE
New York
Ualty Co
Braun
Urge Curbs on Power of U.S. Banks
A House banking subcommittee study warns major banks wield dangerous economic power over large U.S. industries. It calls for curbs and asks Attorney General Ramsey Clark to review possible antitrust questions. The report cites $607 billion in assets held in trust and board interlocks as sources of influence.
MENTIONED IN THIS ARTICLE
Washington
U.S
House Banking Subcommittee
Wright Patman
D-Tex
Ramsey Clark
Patman
Great Money Trusts
Investor advice on savings vs mutual funds and GM dividends
A reader asks about shifting money from savings to mutual funds to boost income while noting dividends from funds vary. The columnist explains current vs capital gains income, cautions on timing, and discusses no load funds and safety of FDIC vs FSLIC insured deposits with GM dividend details.
Also Mentioned on This Page
Spurs Action
New York Times Service
Congress
Elizabeth Fowler
Continental Casualty Co
Stanly Braun
Walter H. Vernier
State Farm Fire and
Cas
Your Daily Investor
William A. Doyle
General Motors
Savings and Loan Association
Federal Deposit Insurance Corp
Federal Savings & Loan Insurance Corp
S&l
Daley
Creighton Lacey-Baker
Enterprise Fund, Inc
Dana Branch Public Library
Atlantic Ave
Long Beach
Roy Chesher
Sunshine
Dempsey-Tegeler & Co., Inc
von Stock Exchange
Regency Hyatt House
Atlanta
Foy Ff Pos
Ilver Ego
Edgewater Inn
Pacific Coast
Thurs
Hyatt House
Vernon Rm
Telegraph Rd
City of Commerce
Mass
Donald M. Snyder
Donald MV. ‘Tippett
CLC
Long Beach Boulevard
California
Sachus
MUTUA
Springfield
Mai
Coast Federal Savings
West Covina
Eastland Shopping
L.A. Civic Center
2Nd & Broadway
Panorama City
van Nuys
Santa Monica
Wilshire
Roscoe
Lincoln
San Pedro
10Th & Pacific
Sth & Hil
Los Angeles
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