Credit controls debated as FRB study weighs costs
A White House push for standby powers to regulate consumer installment credit faces lukewarm support. The FRB study 619 pages notes installment debt topped 30 billion but did not forecast doom, while warning of possible drastic liquidity shocks. It finds 49 percent of families owe installment debt, with higher rates among upper income brackets.
MENTIONED IN THIS ARTICLE
Sterling I
Green Washington
Eisenhowee
Congress
Fisenhowe
Federal Reserve Board
Santos
FRB
Reddit
Reserve Board
Moinister
Cong Ae
Onsher
Ato
Eisenhower
Byrd Proposes Wilson Expand Office Help Cut
Senator Byrd calls on Secretary Wilson to extend a 12 percent cut in Washington area defense office staff worldwide. He applaids Wilson's move to eliminate 6414 civilian and military jobs and wants across the board cuts at all American installations. Wilson says the reform will focus on administrative posts and rely on natural turnover to reduce costs. Others praise the initiative while House critics challenge Secretary Weeks in a separate Commerce dispute.
MENTIONED IN THIS ARTICLE
Jack Bell
Washington
Sen
Byrd D-Val
Wilson
Defense Department
Sens
Hickenlooper
Town
Mansfield
E-Mont
Byrd
Army
Navy
Air Force
Defense
House
Commerce Weeks
Rep
Preston
D-Ga
Commerce Department
Weeks
Pri
Budget fight over forest roads and airport aid heats up
Preston accuses Secretary Weeks of backing all grants and subsidies while seeking 28 percent more funding than this year. He says one message is shown to the TV audience and another to the Appropriations Committee as lawmakers consider 73 million dollars for forest roads and 4215 millions in federal aid for airport construction.
MENTIONED IN THIS ARTICLE
Vate
Preston
Appropriations Committee
Weeks
West Gets Spring as East Remains Cold Across Nation
The UPI report notes spring arriving officially at 4:17 pm EST while the East endures wintry weather. Snow falls in northern Inchara and Ohio with mixed precipitation across the East from New England to the mid Atlantic. Heaviest snow in lower Michigan and Nantucket. Temperatures drop to the teens and 20s in the Great Lakes and upper Mississippi Valley. milder western weather and showers relieve drought in the Southwest. Forecasters expect more rain or snow in the north Atlantic coast and a shower system to spread toward the Mississippi Valley. Early readings: Syracuse 24, Washington 42, Miami 68, Chicago 32, St. Louis 38, Duluth 18, Los Angeles 60, Seattle 49.
MENTIONED IN THIS ARTICLE
United Press
Inchara
Ohio
Michigan
New England
Middle Atlantic
Lower
Nantucket
Mass
Great Lakes
Mississippi Valley
Ohio Valley
Tennessee
California
Texas
Oklahoma
Arizona
New Mexico
North Atlantic Coast
Syracuse
N.Y
Washington
Miami
Chicago
St. Louis
Duluth
Plastics May Shape Jet Age and U.S. Superiority
Brig. Gen. Thomas L. Bryan Jr. of the Wright Air Development Center told the Society of Plastics Industry that plastics could shape the jet age and American air supremacy. He said research could enable aircraft ten times the speed of sound within a decade and even reach the moon with proper materials, noting materials are the key to progress and superiority in aviation.
MENTIONED IN THIS ARTICLE
Los Angeles
Plastics
America
Thomas L. Bryan Jr
Wright Air Development Center
Society of Plastics Industry
Actress Janis Paige and Arthur Stander Plan Mental Separation
Actress Janis Paige and her husband Arthur Stander have begun a mental separation over living apart within the same home. They were married 14 months ago, according to a spokesman.
MENTIONED IN THIS ARTICLE
Hollywood
Janis Paige
Arthur Stander
Miss Paige
Also Mentioned on This Page
Ars Avarope
Weather Bureau
Appalachians
Plains
Lawton
Orning Press & Sunday
Sunday Constitution Press
Sunday Mail
Press & Sun
Ey Fo
Somat
M & D Finance CO
B Ave
U.S
Chet Franklin
STONE
Jones-Blair
Ouche Road
D. D. Railoom
Virgil Laira
SEARS
Kenmore Gas and Electric Ranges
Kenmore
Kenmore Electric
AAA O Ase
Krxrk
Cneen
Silvertone Suburbanite
Public Service Home Economist
Kenmore Dryers
Less
Public Service Certificate
Sears Easay
Calltraction
Guaaniou
Your Monty
DIAL
Gore Lawton, Oklahoma
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