Tight Money Confuses as Credit Demands Rise
AP Business News Analyst SAM DAWSON explains tight money, its causes, and the roles of the Administration, Congress, and the Federal Reserve. The piece notes money supply fell 11 percent in May after a 14 percent gain in April, with banks borrowing from the Fed to meet rising loan demand. It discusses potential further tightening to curb inflation and speculative excess.
MENTIONED IN THIS ARTICLE
Sam Dawson
AP Business News
New York
Federal Reserve Banks
Congress
Federal Reserve
Treasury
Administration
Oceans Contain Many Resources
Washington reports the sea holds vast untapped wealth from fresh water to minerals. Experts note desalination, seabed mining, and nodules on the ocean floor could meet future needs while expanding aquaculture and sea-based industries. The global fish harvest could rise significantly without depleting stocks.
MENTIONED IN THIS ARTICLE
Washington
UPI
United States
Athelstan Spilhaus
University of Minnesota
Industrial Research Magazine
Spilhaus
Insurance Bill Moves To Floor In Louisiana House
BATON ROUGE AP A bill to require insurers to use one percent of investment income in rate computations advanced from the House Ways and Means Committee on a nine to seven vote. Sponsor Rep Benny Christian argues lower policy rates will follow, despite insurance industry opposition.
MENTIONED IN THIS ARTICLE
Baton Rouge
House
Chris Calendar
Benny Christian
Richland
Ways and Means Committee
Jian
Christian
House panel backs welfare check increase to 100
Rep Bert Adams of Vernon backs a measure to raise monthly welfare payments for the aged to a maximum of 100 dollars. The bill, approved by the House Public Health Committee, was amended to remove a three dollar monthly provision for Medicare costs and would devote any general fund surplus to higher welfare payments.
MENTIONED IN THIS ARTICLE
Baton Rouge
House
Bert Adams
Vernon
House Public Health Committee
Adams
Federal official urges safety petroleum stock for mobilization needs
Tulsa AP report notes J Cordell Moore says domestic supplies must include a safety margin for emergencies. He spoke before the Interstate Oil Compact Commission after a study found U S crude output capacity around 2.84 million barrels per day, with 27 percent idle across 28 producing states.
MENTIONED IN THIS ARTICLE
Tulsa
Okla
J. Cordell Moore
Interior
Mineral Resources
Interstate Oil Compact Commission
United States
USC and Across Puzzle Solve List of Clues
A mixed set of crossword style clues with entries for Across and Down. Includes definitions like Furnished with provisions Seasoned Meadow mouse Independent Ireland and Pelt Bib high an priest Adjourn Precluded Disappear with numerous other entries ranging from Ship s diary to Aquatic mammal and Sun god.
Late arriving church aid director misses Detroit conference
Bernard Furst, head of the Seventh day Adventist disaster aid in Kansas, arrived late to the world conference in Detroit because he stayed in Topeka to direct relief efforts after a recent tornado.
MENTIONED IN THIS ARTICLE
Detroit
Bernard Furst
Seventhday Adventist Church
Kansas
Furst
Topeka
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