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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Dec 25, 1965
Page
2
The administration pressed internationalized firms to limit overseas loans and investments while celebrating a 1965 balance of payments improvement. Despite deficits for 14 of 15 years, policymakers see potential for stable growth if inflation is checked and business restraint on prices and wages continues.
Government economists forecast 1966 GNP around 710 to 715 billion with growth from 1965. They cite Viet Nam spending and rising business activity as drivers while cautioning about inflation from military buildup and high credit rates. The Fed raised the discount rate to 4.5 percent to curb the pace, and the 1965 balance of payments deficit is projected near 1.5 billion dollars.
North Lawrence Baptist Church announces nightly revival services at 7 30 p m starting December 27 1965 through January 2 1966. Rev Jim Anderson will deliver pungent timely messages with a background in debate and oratory and recognition in Who's Who Among Students. Pastor Loren Mohler urges attendance for seven nights of blessing.
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