Christmas clubs called windfall for banks and savers warned
Rep. Benjamin Rosenthal accused banks of earning millions from Christmas and vacation clubs that pay no interest and penalize missed payments. He cited about 4 billion tied up in noninterest accounts, with potential lost interest around 144 million yearly, while clubs are marketed to modest earners as enforced saving tools.
MENTIONED IN THIS ARTICLE
Daniel Rapoport
Washington
UPI
Congressional Consumers Subcommittee
Benjamin S. Rosenthal
Dn.y
Rosenthal
House
Banks
Savings and Loan Associations
Scotland
America
Robert M. Clark
Christmas Club Corp
United States
Clark
Douglas, R. Smith
National Savings and Trust Co
UC Senate Repeals 1950 Anti Communist Faculty Policy
UC Academic Senate voted to rescind the 1950 resolution barring communists from UC faculty. The secret mail ballot passed 2 487 to 1 139 with a pledge that free inquiry and expression remain essential. Regents informed of the action and its guidance role for appointments and promotions.
Nixon plan drafts five year auto alternatives
The HEW led plan outlines a five year push to bring unconventional cars to market by the mid 1970s or 1980s. It favors steam engines, gas turbines, electric cars and other energy conversion ideas to cut emissions and noise while expanding government fleet testing and incentives.
MENTIONED IN THIS ARTICLE
Craig A. Palmer
Washington
UPI
Health, Education and Welfare Department
Milwaukee
HEW
Transportation
John A. Volpe
Ralph Nader
Weather fair over nation reports two deaths in Utah plane crash
United Press International notes fair weather across the nation with high pressure from the Appalachians to the West. Two men died in Salt Lake City when their private plane crashed in fog during an instrument takeoff bound for Seattle. Cold fronts bring light snow in the Great Lakes region and northern Wisconsin, Minnesota, and New Hampshire.
MENTIONED IN THIS ARTICLE
United Press International
Salt Lake City
Seattle
Wash
Appalachians
Pacific Northwest
Great Lakes
New England
Wisconsin- Minnesota
New Hampshire
Green Bay
Milwaukee
Wisconsin
Grand Rapids
Mich
California
Texas
Nixon lights Yule tree at White House ceremony
President Nixon attended the annual Christmas tree lighting near the White House as a choir sang Peace on Earth. Demonstrators shouted peace chants while park police arrested seven for disorderly conduct before the event. Nixon spoke of peace and strength and flipped the switch to illuminate the 75 foot tree and 57 smaller firs.
MENTIONED IN THIS ARTICLE
Washington
UPI
Mercy Mild
Nixon
White House
Calvin Coolidge
Unruh Seeks Explain Reagan Housing Profit Bid
Assemblyman Jess Unruh urged Governor Reagan to explain a deal where one appointee could profit up to 225000 on surplus state housing. The plan follows a Los Angeles Times report that Roger C Chandler, Reagan appointee to the California Youth Authority, bought 50 Oroville houses at half appraisal in sealed bids.
MENTIONED IN THIS ARTICLE
Sacramento
UPS
Jess Unruh
Ronald Reagan
Unruh
Los Angeles Times
Roger C. Chandler
Regan
Oroville
Chandler
Reagan
California Youth Authority
Hon ors set for Lompoc Mr Mason
Members of Lompoc Scottish Rite and Masonic guests will honor Solomon Jones Hap Ward at a banquet in the Masonic Temple Thursday evening. Nearly 200 expected at the 7 oclock barbecue with Charles Lewis as arrangements chairman. Ward known as Mr Mason of the Lompoc area was named a 33rd degree Scottish Rite Mason by the Supreme Council and invested last week in Los Angeles. He has been active in the northern Santa Barbara County Scottish Rite association. Ralph Hines and Delmer May, 33rd degree Masons from Santa Barbara, will speak at the banquet tomorrow night.
MENTIONED IN THIS ARTICLE
Lompoc
Scottish Rite Association
Solomon Jones
Hap) Ward
Masonic Temple
Gerald Hatfield
Charles Lewis
Mason
Ward
Supreme Council
Los Angeles
Order of Eastern Star
Santa Barbara County
Ralph Hines
Delmer May
Santa Barbara
Vandenberg to host 200 needy children of area
Vandenberg AFB will host 200 needy children from Lompo c Santa Maria Guadalupe Nipomo and Arroyo Grande for the 11th annual Big Brother Christmas party on December 22. The event runs 11 p.m. to finish in the main hangar with gifts from Santa, meals, games, and entertainment by base personnel, clowns, a magician and a Hancock College band, plus a turkey dinner for each family.
MENTIONED IN THIS ARTICLE
Vandenberg
Vandenberg Afb
Lompoc
Santa Maria
Guadalupe
Nipomo
Arroyo Grande
Santa Claus
Oakley K. Park
Mike Petransky
Santa
Salvation Army
Jessie Bernal
Joseph Sesto
Steve Kincade
Lee Mock
Sgt
Don Smith
Smokey
Also Mentioned on This Page
Salon Raps Bank Yule
Paul Faust
Eric H. Gross
Gross
Volkswagen
Faust
Canada
UC Senate
San Francisco
Black Panther
Eldridge Cleaver
Eugene Luttrell
Black Panther Party
Berkeley
Cleaver
U.S
Algeria
Luttrell
Oakland
Calif
Lompoc Record
Lompoc Record Publications
Kenneth L. Adam
J. Donald Adam
Harry J. Crompe
Gaylen Jackson
Jim Ainsworth
John Alexander
Wesley A. Huffman
Ray McCuen
Bill Cockshott
Betty Laurent
Vaughn Proctor
Wilma Jack
Dan Duffy
California Newspaper Publishers Association
International Press Institute
Inter-American Press Association
National Newspaper Association
California Press Association
Yule
Honation
Oroville Dam
the Times
School of Ballet
S.J
Mr. Mason
Mexico
Tijuana
Federal
Pedro Mapica
Severiano Iberra Lopez
Mexico City
Francisco Lopez Preciado
Lopez
Sinaloa
Bear
Allan Hancock College
Twirl- Ettes
Dr. Doolittle
Valley Drive-In
Hell’s Angels On Wheels
Wild Angels
Glory Stompers
20Th Century- Fox Presents
Chariton Heston
Hiney
Peter Fonda
Dennis Hopper
Jack Nicholson
THE
Sinatra
ING Center
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