NYSE Hearing Opens Monday on Minimum Fee in Probe
The SEC launches hearings to probe stock trading costs with about 30 subpoenas. Witnesses include NYSE and broker-dealer firms. NYSE president Robert W. Haack may testify later. The case centers on minimum commissions and fee splitting, pitting NYSE against the Justice Department. The SEC seeks interim fee relief by Sept. 15 to cut broker commissions, especially for large buyers like mutual funds.
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Washington
Securities and Exchange Commission
Commission
New York Stock Exchange
SEC
NYSE
Reagan Okays Huge Budget Cuts At University Of California
The governor trimmed state funding including a proposed student fee cut and a 10 percent salary hike across state colleges and UC. The move sparked anticipated protests from university officials while preserving funds for selected projects in Watts and Los Angeles. Democrats vow to push for vital program funding in a later special session.
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UC Regents
State College
Long Beach
Dominguez Hills
Reagan
Department of Employment
Assembly
Jesse M. Unruh
D-Inglewood
Ence
Central City
Watts
Pueblo de Los Angeles State Historical Monument
Powder House
San Pedro Drum Barracks
Soviet youth apathy worries Moscow leaders
The Soviet Union fears indifference among youths aged 14 to 27 toward communism. Yevgeny Tyazhelnikov leads the Komsomol after Sergei Pavlov, who boasted a million youths joined construction projects but warned that many youths lack clear ideology. The party seeks to boost patriotism and civic duty amid concerns of disorder and disengagement.
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Moscow
Berlin
Paris
Columbia University
Communist Party
Komsomol
Yevgeny M. Tyazhelnikov
Sergei Pavlov
Secre
Pavlov
Soviet Union
LBJ Signals Talks With Russia On Arms Curb Plan
President Johnson hinted at U S Russia discussions to curb nuclear buildup during a public appearance. He promoted conservation and cited the upcoming Non Proliferation Treaty and atmospheric test ban as key achievements guiding world peace and domestic progress.
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LBJ
Robert F. Kennedy
Los Angeles
Johnson
Edu
White House
Senate
Abandoned Tanker Barge Drifted Toward Pacific Far North
Attorney James A. Quinby said next week a coordinated air sea search will be attempted for the 214 foot Pacific Tanker, an abandoned barge adrift since April 8 after the tug Vancouver broke tow 200 miles west of San Francisco. The barge drifted a semicircular Pacific voyage toward north of Hawaii.
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San Francisco
APS
California
Hawaiian Islands
James A. Quinby
Quinby
Pacific
Vancouver
B.C
Philippines
Laurels' son acquitted in high profile Philippine double murder
Jaime Banjo Laurel, 30, was found not guilty of killing his estranged wife Erlinda Gallegos and Armando Silva on August 15, 1965, in a Manila apartment. Judge Jesus P. Morse announced the verdict as Laurel praised his vindication and noted his prominent political family.
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Manila
UPI
Jaime
Banjo) Laurel
Laurel
Erlinda Gallegos
Armando Silva
Jesus P. Morse
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Walker's the Friendly Store
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