Inflation Fears Persist Amid U.S. Economy Slowing
An AP report notes signs of a cooling business boom while inflation remains a threat. May personal income rose to a record but lagged in quarterly gains, auto sales slipped, and consumer optimism waned. Morgan Guaranty warned softening is not a downturn, citing strong labor demand and rising orders.
MENTIONED IN THIS ARTICLE
New York
Morgan Guaranty Trust Co
United States
Viet Nam
Morgan Guaranty
Ford Motor Co
Chrysler Corp
American Motors Corp
General Motors Corp
Ford
Capitol West Front Face Upheld By Congress Members
Washington AP reports Sen. William Proxmire calls the $34 million Capitol West front project an extravagance and insult to Congress. House Speaker Mc Cormack and Senate Leader Dirksen announce approval by the five member commission for the extension of the Capitol.
MENTIONED IN THIS ARTICLE
Washington
William Proxmire
D-Wis
Congress
House
John W. McCormack
Senate
Everett M. Dirksen
Capitol
McCormack
Dirksen
Appropriations
Proxmire
Senate Appropriations
J. George Stewart
Stewart
American Institute of Architects
Famed Grassy Sea Enjoys Rebirth For Florida Area
Everglades National Park in Florida shows a gradual revival after years of drought and fires. Water levels return as Lakes and ponds fill, restoring sawgrass marshes and wildlife habitat once driven to extinction by three years of below normal rainfall and flood-control water trapping.
MENTIONED IN THIS ARTICLE
Everglades National Park
Fla
Lake Okeechobee
Central and South Florida
Board of Inquiry To Probe Causes Of Ship Collision
A Coast Guard board of inquiry will convene Monday to study the cause of Thursday's flaming collision between two tankers in New York harbor. The death toll stood at 20 with 12 crewmen missing and 21 released from hospitals among 71 survivors and escorting tugs. The Alva Cape carried over four million gallons of volatile naphtha.
MENTIONED IN THIS ARTICLE
New York
Coast Guard Board of
New York Harbor
Alva Cape
Collision in Kill Van Kull Feeds Fire Above Water Channel
Texaco Massachusetts, an American freighter heading to the Gulf of Mexico, collided with a vessel in the Kill Van Kull between New Jersey and Staten Island. A subsequent explosion and fire sent flames up to 100 feet high in the 2000 foot wide channel. Coast Guard probes cause while survivors say naphtha leaked from the damaged Alva Cape and reached the tug engine.
MENTIONED IN THIS ARTICLE
Kill van Kull
Texaco Massachusetts
Gulf of Mexico
New Jersey
Staten Island
Coast Guard
Alva Cape
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