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Newspaper
Las Vegas Sun
Location
Las Vegas, Nevada, United States of America
Date
Jun 12, 1962
Page
6
President Kennedy and advisers fear the 1962 business upswing may stall, urging Congress to cut personal and corporate taxes next year. They cite May stock plunge, weak plant investment, and unemployment near 4.4 percent as key reasons for tax relief and an investment tax credit.
The Daily Sketch reports American singer Paul Robeson, aged 64 and cited as unwell for months, turned down a job offer at Ghana University. Robeson, living in England, cited age and health as reasons for refusing the post.
New York stocks closed with sizable losses in the popular averages. Most issues finished near the day’s lows despite a Kennedy speech at Yale urging peace between business and government. Steel shares hovered around unchanged to small declines while Ford Chrysler and Du Pont lagged.
Archaeologist Louiss Leakey reports 4 nit-type artifacts from Nekuru excavation indicating farming began in Kenya about 3,000 years ago. The find underscores early agricultural activity and Neolithic settlement in East Africa.
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