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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
May 30, 1958
Page
1
The government announced plans to refinance 9 billion dollars of the national debt and sold one billion dollars in long term bonds, adding to a national debt of about 275 billion. The move followed speculation about a Jong one bond issue amid refinancing operations.
Paris AP reports Gen Charles de Gaulle accepting the premiership offer from President Coty while insisting on full powers to head off civil war. Parliament faces a choice between De Gaulle’s leadership with strong authority or ongoing national crisis amid social resistance and opposition blocs.
General Motors begins operating without a contract for its 325000 UAW workers, the first time in 18 years, as midnight marks the deadline for the expired agreement. Negotiations with the UAW and IUE stalled, with both sides refusing concessions and GM declining extensions.
North American Aviation plans to terminate about 3000 production workers at the Los Angeles International Airport plant by August. The cutback will not affect Long Beach area installations as management cites F100 and F86 program actions and a dip in overall employment as the reason for the layoffs. The company notes efforts to bridge the transition period and says accelerated production of F108 interceptors and B70 bombers continues.
The Douglas Aircraft Co is set to launch the DC8 jetliner on its maiden flight from Municipal Airport at 10 a.m. The gleaming white transport will test route over the ocean with Test Pilot A. G. Heimerdinger performing checks, then land at Edwards Air Force Base in the Mojave for a month of testing before returning to Long Beach. Seventeen airlines have placed orders for 138 aircraft, with first deliveries due by mid next year.
A Memorial Day observance记 on Page BL DIANNE Montgomery graduate from high school Tuesday. Cars driven by Dianne and her mother collided Thursday and the girl is dead Page B.
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