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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Jan 01, 1967
Page
16
AP News Analyst reviews 1967 consumer outlook amid Vietnam War and tax questions. Stable jobs for skilled workers persist with rising personal income and higher minimum wage, while living costs threaten disposable purchasing power and housing may recover in late 1967.
Middletown eyes 1967 as a potential uptick after 1966’s real estate slowdown. Project 600 at Armco and planned urban projects could push total construction near $12 million, with permits for a new medical building, a Citizens Savings branch, and a Miami University branch campus on the horizon.
Reports from Detroit show renewed auto maker interest in battery powered cars. The US Army tests a six wheel throttle controlled vehicle and California officials urge progress due to smog. Ford announces a sodium sulfur battery with energy density up to fifteen times lead acid, but a two year development horizon remains for practical cars. Cities expand land use rapidly.
Detroit AP reports 1966 was the auto industry’s second best sales and production year amid a push for highway safety reforms. Lyndon Johnson and Ralph Nader weighed in on reducing traffic deaths as Dr. William Haddon announced 1968 safety requirements with a Jan 3 comment deadline and a Jan 31 finalization. Full-year 1966 sales near 9.6 million including a record 656000 imports, production around 86 million, both below 1965 records.
The Congolese National Bank announces on-site the cancellation of Katanga national banknotes in circulation effective June 3 of the coming year. The note confirms the currency is being withdrawn as part of financial reform. Labor Day history notes mention its 1882 origin in New York.
The Johnson administration plans to use a financing device next month to reduce reported spending. It will sell government held participation certificates to fund programs like small business aid and college housing loans, aiming to lower the national debt figure while facing GOP criticism. The plan includes selling $4.2 billion in certificates and $1.1 billion from the Federal National Mortgage Association, with Treasury bills redeemable as part of the scheme.
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