Bipartisan talks hinge on 13 week unemployment aid and savings bonds
Conferees on the bill clash over a Williams rider to create 10 and 20 year savings bonds at 6 percent and extend unemployment benefits. Treasury objects to bond draining savings and loan funds. A separate Senate provision would extend aid to farm workers, opposed by Mondale Harris Javits. The compromise expands coverage to nonprofit and larger employers, adding 126 million workers.
MENTIONED IN THIS ARTICLE
Washington
Senate
Congress
Volves
John J. Williams
R-Del
House
Treasury
Secretary of the Treasury
David M. Kennedy
Savings and Loan Associations
Williams
Delaware
Barr says 1966 mistake on taxes and controls in Vietnam era
Former Treasury Secretary Joseph W. Barr says the Johnson Administration erred by not pushing wage price controls and higher taxes as the Vietnam conflict heated. He notes U S tax increases and controls should precede overseas deployments, and that delaying them harmed the economy. Barr references his brief tenure and current bank role.
MENTIONED IN THIS ARTICLE
Washington
UPD
Treasury
Joseph, W. Barr
Johnson
Barr
Nixon
Henry Fowler
Congress
American Security and Trust Co
Pennsylvania Avenue
Treasury Department
Friedman sees deficit funded without inflation and cuts possible
Dr. Friedman, former economic adviser to Barry Goldwater, says an $8 to $9 billion deficit can be financed without inflation. He proposes cutting $6 to $7 billion from agricultural subsidies and welfare misapplications, and argues defense spending is already 20 percent lower than Johnson's last year, urging city focus via reduced aid. He predicts inflation under control and a near-term recession ending in six months, noting unemployment and producer pressure as key factors.
MENTIONED IN THIS ARTICLE
Friedman
Nixon
Lyndon B. Johnson
Barry
Goldwater
Hackerman to Lead Rice University as UT Regents Expand Powers
Hackerman announced he will leave the University of Texas Austin to become president of Rice University in Houston on September 1. He warned that political and personal qualifications will increasingly influence academic appointments and that regents are reclaiming administrator authority.
MENTIONED IN THIS ARTICLE
Hackerman
University of Texas Regents
Erwin
Texas Board of Regents
Rice University
Austin
Houston
Texas Veterans elect state officers at VFW Golden Anniversary
Cliff Teer of Waco was elected state commander at the VFW Golden Anniversary Convention. Mel Stanley of San Angelo is senior vice commander and Dan Reyna of Raymondville is junior vice commander. Bille Borris of Austin becomes quartermaster Julius Neunnhoff of Kerrville is judge advocate and Rev Ed Haffner of Brownwood is chaplain. The convention endorsed presidential Cambodia actions and urged dropping murder charges from the May Lai incident.
MENTIONED IN THIS ARTICLE
Amarillo
UPI
Cliff [Teer
Waco
Texas Veterans of Foreign Ware
VFW
Mel Stanley
San Angelo
Dan Reyna
Raymondville
Bille Borris
Austin
Julius Neunnhoff
Kerrville
Ed Haffner
Brownwood
Cambodia
Also Mentioned on This Page
Senate House
Walter F. Mondale
Dminn
D-Okla
Jacob K. Javits
R-Nly
Reymond Barker
First State Bank
BOK
Shallowater
Tex
Guitar
Harrod Music
American State Bank Rubbock
Texas
Eda
15Th
California
Miss Davis
WHY Hunt
U. V. Blake Record Center
34Th St
A Division OF
Cook United, Inc
Gillette
Techmatic
Stainless
Marskhm
Prinits
Maine
Rene bSizes
Calla
Hie
We Neck
Eles
Actu Ours
BAG Charbase
Bankamericard
Americard
OUR
Proctor Sil
Ted
Westleys
AVE
Finn
Cleanet
Mister Aluminum
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