Burns says Phase 2 targets on mortgage and consumer credit
President Nixon's new commission on interest and dividends will focus first on mortgage and consumer credit and other rates affecting families. Chairman Arthur Burns noted no mandatory controls are expected, with standby authority mainly voluntary. He warned that rates will be influenced by inflation potential, wage and price programs, and shifting money market pressures. Burns described the aim to reduce lags between rate changes in different markets. Burns came out See Phase 2 Page 6.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Arthur F. Burns
Burns
House Committee
Blood red China flag hoisted at UN headquarters
At U N headquarters the gold starred red flag of Communist China was raised for the first time since China joined the United Nations new name and placement of the flag caused by China s inclusion. Two U N guards raised the banner amid a small crowd of photographers and TV crews as China requested to be listed under C in the UN rolls.
MENTIONED IN THIS ARTICLE
United Nations
N.Y
China
U.N
Peking
General Assembly
Chile
Colombia
Chiang Kai-shek
Independence Students Endure Day Off Amid Vote Levy Debate
In Independence Mo public schools begin an unplanned vacation possibly lasting a month as voters face a November 9 ballot on a 95 cent levy increase. In New Delhi a 16 foot Bay of Bengal tidal wave kills thousands with estimates ranging from 10 to 20 thousand. In Washington the FDA cancels its recall of canned green beans linked to botulism concerns involving a Pensacola Marine and his son.
MENTIONED IN THIS ARTICLE
Independence
Washington
The
Food and Drug Administration Today
Pensacola, Fla
Revenue official accuses Bond of misleading in data audit
State Revenue Director James E Schaffner alleges Bond misled in an examination of the Department of Revenue data processing unit. Bond claimed access was restricted by the director to personnel records, affecting the scope of the audit. The auditor released copies of his examination claiming the scope was materially restricted.
MENTIONED IN THIS ARTICLE
Department of Revenue Data Processing Unit
Bond
Warren E. Hearnes
Director of Revenue
Revenue
Midwest Research Low Bidder for State Revenue Computer Study
Midwest Research Institute of Kansas City emerged as the apparent low bidder at 16000 for analyzing four bids by firms seeking to handle the state Department of Revenue's computer operations. Peat, Marwick and Mitchell bid 17860. Richard Murphy will review Midwest's bid before a decision. Electronic Data Preparation Corp. of Bradenton, Florida offered 1 982000 for year one and 2494000 for year two.
MENTIONED IN THIS ARTICLE
Midwest Research Institute of
Kansas City
State Department of Revenue
Bradenton, Fla
Electronic Data Preparation Corp
Soviet taxes and prices surprise visiting governors
U S governors led by Gov Marvin Mandel tour the Soviet Union and report high hidden taxes in consumer prices and a 13 percent graduate income tax. Prices for shoes suit and household goods appear high relative to Soviet salaries, with vodka cheap but costs for cars and services high.
MENTIONED IN THIS ARTICLE
Connorfleet
Mandel
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Federal Reserve Board
Hose Banking Committee
Willard Bodie
George Baldwin
Asa Landers
Viseseeges Beige 5
Boerte Acc Danes BS
Geren
Chi Peng-fei
WU Thant
People's Republic of
New York
Rockefeller Center
Chi
Poland
Security Council
People’s Republic
Thant
Fridday
Moscow
News Tribune
Toronto
Hanlan
Marine Museum
New Delhi
Bay of Bengal
Revenue Boss
James E.schaffni
Christopher “Kit” Bon
Revenue Department
D of Misus
Schaffner
Capital - Press
S- Examiner
Midwest
St. Louis
Certified Public Accounts
Peat, Marwick and
Mitchell
Richard Murphy
Midwest Research
U.S
Soviet Union
U. S
Mantle
Romania
United States
Leningrad
Missouri
Hearnes
Ukraiian
News Tribune Phatos
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