Crisis in US Japan ties warned by ex envoy Reischauer
Edwin Reischauer former US ambassador to Japan warns of a looming crisis in US Japan relations. He cites Okinawa return unresolved trade frictions and rising protectionism as central risks. He notes Japan’s defense treaty renewal and ongoing cabinet talks as key factors shaping a fragile bond.
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Edwin Reischauer
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Fisaku Sato
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Senate Panel Endorses Coal Mine Health and Safety Bill
Senate Labor Committee approved a coal mine health and safety bill after wrangling with operators and the United Mine Workers over costs and procedure. The House labor committee continues work on its version of the measure, prompted by recent mine disasters including 78 miners entombed at Mannington, West Virginia, last November.
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World News Briefs From Berlin to New Delhi
Vandalism in West Berlin locker room scrawled antisemitic slogans. Yugoslav party editorial hopes Nixon visits more Communist nations. Finland battles forest fires with 1000 acres burned. Alitalia to name Boeing 747 after Neil Armstrong and enter service next June. English Scout masters' bodies found after fall from Mt Fruendenhorn. Vientiane votes to abolish prostitution and close massage parlors. South Korea rainstorms kill 17 with heavy damage. India river flood capsizes launch, 50 drowned.
Interest Rumors Probed in NYSE Investigation
The New York Stock Exchange opened an informal probe into rumors of an imminent cut in commercial banks’ prime rate. The Morgan Guaranty Trust Co. denial came before close as markets rose on speculation that rate cuts or Fed actions signal an economic rebound. A Big Board spokesman said the inquiry targets rumors with serious trading impact.
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Hoffa Bail Denied By U S Court
In Cincinnati the U S Sixth Circuit Court of Appeals denied bail for James R. Hoffa former Teamsters Union president imprisoned in Pennsylvania. The panel refused pending the Tennessee jury tampering case after Hoffa’s lawyers argued the March Supreme Court action remanded for new government evidence review.
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James R. Hoffa
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Hoffa
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Tennessee
U.S. Supreme Court
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