Government debt and inflation weigh on 1960s economy
The article notes the US government paying record eight percent on weekly Treasury bills, high interest, a Dow around 800, and forecasts a downturn followed by a possible late winter recovery. It discusses inflation, rising living costs, tax burdens, and political influences on monetary policy. Insights from economists in New York suggest a stubborn downtrend with potential future easing through policy changes.
MENTIONED IN THIS ARTICLE
United States
Treasury
Uncle Sam
John Q
Foundation For Economic Education
New York
Senate Defeats Republican Tax Cut Plan In Vote
The Senate rejected a GOP plan to cut rates and raise the personal exemption to 750 with staged relief through 1973 in a 72 to 23 vote. Democratic proposals to raise exemptions to 800 in two steps face Nixon veto threats, as Gore shifted to support 800.
MENTIONED IN THIS ARTICLE
Joe Hall
Associated Press
Washington
Senate
Percy
Nixon
Senate Gop
Hugh Scott
Gore
Senate Finance Committee
Hawkins, Ancell and Robertson Lead Lovington Chamber
Hawkins Lovington tail merchant was elected president of the Lovington Chamber of Commerce last evening. Jerry Ancell and Harold Robertson were chosen as vice president and treasurer. The board discussed finishing 1969 in the black and planned a January 13 luncheon to honor Lovington's Citizen of the Year. Directors earmarked 1000 for new brochures as the chamber coordinates printer bids from Albuquerque Amarillo Lubbock and El Paso. Ancell is office manager of A W Construction. Robertson manages Lovington office of Southern Union Gas. Hawkins is Turner's Department Store manager and part owner.
MENTIONED IN THIS ARTICLE
Bill Hawkins
Lovington Reetail
Lovington Chamber of Commerce
Jerry Ancell
Harold Robertson
Lovington
Bob Dean
Chamber
Albuquerque
Amarillo
Lubbock
el Paso
Turner’s Department Store
Lovington National Bank
Kiwanis Club
Ancell
A&w Construction Company
Robertson
Southern Union Gas Company
Local Woman Becomes Public Health Nurse in Lovington
Mrs. Faye Gernandt has accepted the public health nurse position at Lea County Health Center in Lovington replacing Joyce Alexander who resigned six months ago. A Lovington resident for two years, she moved from Andrews Texas with husband Jay and their two children Jim and Kim. Gernandt is a graduate of Odessa Junior College School of Nursing and has worked at Andrews and Lovington Lea General Hospitals. Her duties include countywide health work in conjunction with the Hobbs office. District director Mozelle Vinsant says the center gains a capable asset.
MENTIONED IN THIS ARTICLE
Faye Gernandt
Lovington
Lea County Health Center
Mozelle Vinsant
Roswell
Gernandt
Joyce Alexander
Andrews
Texas
Jay
Texaco, Inc
Jim
Texas Christian University
Ft. Worth
Kim
Taylor Junior High
Odessa Junior College School of Nursing
Anedrews
Lovington Lea General Hospitals
Coun
Hobbs
Eunice Youth Wins 4-H Scholarship at National Congress
Chicago Illinois April 4 4 H officials named Eunice New Mexico senior D Arnold McCall 18 as recipient of a $600 4 H scholarship for his swine program. McCall son of Mr and Mrs C H McCall received the award from Moorman Manufacturing Co at the National 4 H Congress in Chicago.
MENTIONED IN THIS ARTICLE
Chicago
Lll
Eunice
N.M
D. Arnold McCall
Moorman Manufacturing Co
McCall
C, H. McCall
Lovington Office Places 22 On Jobs
The Lovington NM office reports 22 people placed in November by the State Employment Service. There were 36 registered for work, 76 active job seekers, and 67 employer contacts to boost openings. Job counseling and testing served two individuals. outreach included an itinerant trip to Tatum by interviewer Bill Jordan on October 30.
MENTIONED IN THIS ARTICLE
New Mexico
Bill Jordan
Tatum
OEO Opponents Propose State Driven Anti Poverty Plan
Opponents of the government anti poverty program release a plan shifting major control to the states. Don Rumsfeld calls it very harmful while backing an administration bill to fund 2.3 billion dollars yearly for two years. The substitute would let governors veto OEO rulings unless a state plan would endanger the overall program. Edith Green and Albert Quie led the effort as critics of the program.
MENTIONED IN THIS ARTICLE
John Beckler
Associated Press
Washington
Donald Rumsfeld
Office of Economic Opportunity
Nixon
Rumsfeld
Edith Green
D-Ore
Albert H
Quie
R-Minn
OEO
Lea County cattle sale reports 940 head sold
Lea County Livestock Auction Company sold 940 head of cattle at yesterday's regular sale, down from 1 109 last week, with steady to 50 cents lower calves and yearlings. Utility cows and bulls remained steady. a horse sale is planned for Saturday at 5 30. Representative sales included Henry Rutherford 440 lb steer at 35 30, Jack Frazier 230 lb Bra calf at 37 25, and Gerald Cate 1 385 lb Hol cow at 20 50.
MENTIONED IN THIS ARTICLE
Lea County Livestock Auction Company
Lea County
Henry Rutherford
Tatum
Jack Frazier
Rogers
Damon Hardin
Lovington
Blk
Merchant’s Livestock
Carlsbad
Wf Steel
Mrs Chambers Dies Tuesday in Lovington Texas Ranching Family
Mrs. Mattie Elizabeth Chambers 91 died Tuesday at Lovington General Hospital after a sudden illness. A Lea County rancher’s widow of Wester M. Chambers she moved to the area in 1920 near Old Plainview. Funeral Thursday at 10:30 in First Christian Church with Pastor Manny Loveau and Billy Beauchamp officiating. Burial in Lovington Cemetery. Survivors include daughters Ty Field and Jerry Clayton and grandsons Mike and Dan Field.
MENTIONED IN THIS ARTICLE
Mattie Elizabeth Chambers
Lea County
Lovington Lea General Hospital
First Christian Church
Golden Age Club
Manny Loveau
Billy Beauchamp
Chambers
Lovington Cemetery
Smith- Rogers Funeral Home
Ty Field
Bronco
Texas
Jerry Clayston
Governors To Begin Drug Abuse Battle
President Nixon told the Governors Conference that the drug problem is national and must be fought with information and education. He urged governors to act in their states, citing eight million marijuana users among Americans and stressing not harsher penalties but better information. Vice President Agnew warned against protest politics hindering rational discussion and compromise.
MENTIONED IN THIS ARTICLE
Robert A. Dobkin
Associated Press
Washington
Nixon
State Department
Henry A. Kissinger
National Security Affairs
Spiro T. Agnew
Agnew
Weather notes for Lovington and New Mexico plains
Southeastern plains expect considerable cloudiness tonight and Thursday with a few showers by Thursday. Lovington records a low of 37 and high of 58. New Mexico shows variable high clouds northeast and widespread showers south and west, snow in higher mountains, cooler Thursday. lows tonight 20 to 35.
MENTIONED IN THIS ARTICLE
Southeastern Plains
Lovington
New Mexico
North Central Mountains
WMC Votes To Recommend SS Increase
The Ways and Means Committee voted unanimously to recommend a 15 percent across the board increase in Social Security benefits effective January 1. Chairman Wilbur D. Mills announced the decision.
MENTIONED IN THIS ARTICLE
Washington
House
Ways and Means
Wilbur D. Mills
Taos Residents Describe Kasabian As Quiet Young Woman
Linda Kasabian, 19, remembered by Taos hippies as innocent and nice. She was arrested in Concord New Hampshire on a Los Angeles warrant tied to the Tate murders. A Taos man named Lord Byron said she visited Taos last winter and spoke of fleeing to reclaim her baby from an occult Los Angeles group.
MENTIONED IN THIS ARTICLE
Taos
Linda Louise Kasabian
Concord
N.H
Los Angeles
Calif
Sharon Tate
New Mexico
Lord Byron
Miss
Also Mentioned on This Page
W.H
Hop
Graham
Hopper
Albert Gore
D-Tenn
Charles H, Percy
NEW Health Nurse
New Health
Eunice Youth
Lovington Office
Head At Sea Co
Gerald Cate
Plainview
Hol
Vernon Derrick
Artesia
Char
D.E. Hooper
Keifer
Burney Cattle Company
Portales
Dudley Pruitt
Mattie Chambers
WMC
Taos Group
The
Lennie Rushing
Beta Sigma Phi
Kappa
John Nance
Carless
Mary Alexander
C,e, Jackson
Sidney and
Gladys Reeves
B, Carr
Julia
L,m, Blackmon
RJ. Woollard Slug, Pudge
Connie
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