Social Security Facing Five Year Funding Stress
Washington AP reports that for the first five years ending June 30, 1962, Social Security pays out more than it takes in from taxes, though the system remains in balance for financial purposes. Trustees project a five year fund decline from 23 billion to about 19-20 billion, with rising benefits and slower tax contributions amid recession. The tax rate on earnings will rise gradually from 4.4 to higher levels through 1975, affecting both employees and employers, while self employed rates are higher.
MENTIONED IN THIS ARTICLE
Washington (Ap
Trusteis
Survivors Insurance Trust Fund
Engineer Strike Holds Up Liner in New York
A strike by 46 engineers idled the liner in New York, delaying its noon sailing. The ship, America's largest land carrier with 1,776 Europe-bound passengers, faced grievances over shift assignments, transfers, time ashore, and claimed discrimination in promotions.
MENTIONED IN THIS ARTICLE
New York
United States
America
Furnace firm names Ted Williams branch manager
Holland Furnace Company of Holland Michigan today announced Ted Williams as branch manager for the Mid Missouri region with headquarters in Jefferson City. He will oversee operations in Cole Callaway Osage Miller Moniteau Gasconade Maries and Phelps counties. Williams is married and the father of three children.
MENTIONED IN THIS ARTICLE
Holland Furnace Company
Holland
Michigan
Ted Williams
Mid-Missouri
Jefferson City
Cole, Callaway
Osage
Milier
Moniteau
Gasconade
Maries
Phelps
Williams
Colombians Polite Venezuelans Hostile to American Travelers
A Pan American dispatch details stark contrasts in treatment of U S travelers in Caracas and Bogota. Venezuelan officials and soldiers at Maiquetia enforce strict passport health card checks while offering civility and coffee. In Bogota Colombians appear more welcoming with smiles and helpful service, contrasting sharply with hostile mobs that once targeted U S officials.
Foreclosure reform urged at ABA Midwest meeting
William D. Prather of Chicago told an ABA regional gathering that courts favor borrowers over lenders and that long standing safeguards hinder both. He pressed streamlined foreclosure procedures amid costs from 100 to 1200 dollars and timelines from one month to 26 months. Federal Judge Matthes called for more district judges as case load rose 60 percent since 1941. About 1,000 attorneys attend the two day meeting.
MENTIONED IN THIS ARTICLE
Prather
Texas
Ilinois
Alabama
M. C. Matthes
Eighth Circuit Court of Appeals
Matthes
Versailles Man Heads Park English Department
Park College in Parkville, Missouri names Dr. Peter Hilty of Versailles as new head of its English department. Hilty, a former Arkansas State College faculty member, taught at the University of Missouri from 1951 to 1957.
MENTIONED IN THIS ARTICLE
Versailles
Park
Parkville
Park College
Peter Hilty
Hilty
Arkansas State College
University of Missouri
Also Mentioned on This Page
Home Savings & Loan
Oet
Safe Financial Service
Con
Madison
Philco
H.P
B.T.U
Centertown
Caracas
U. S
Bogota
Colombia
Airport Administration
U.S
Immedi Ldier
Venezuela
Venezue
Maiquetia
Latin
Caracao
Employes
Richard M. Nixon
Nixons
Brubsht
Danville, Va
National Library
Ursula
Omale
Decker & Evers Maytag Company
East High Street
Aanial Ham
TUR Buildings
wWailon Building Service
Ane
North
St. Columbia
Missouri
Gibaew
Gulf
Paris
Galveston Isle
Galveston Port of Entry
Simenins Isle
Gulf of Mexico
Simca
Simcaland
U.S.A
Galveston
Montlhery
France
Simea
Simen
Mid-State Motor Company
W. Dunklin Street
Jefferson City, Mo
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