Inflation squeezes purchasing power as wages lag
The AP reports that higher wages and rising prices are narrowing real disposable income. Tax hikes reduce take home pay while steel price increases and airline machinists’ contracts test government inflation guardposts. Per capita real disposable income dipped in Q2 1966 versus Q1, with little gain since 1965.
MENTIONED IN THIS ARTICLE
New York
Inland Steel
International Association of Machinists
First National City Bank
Governor Tawes Fails To Catch Largest Marlin At Tourney
In Ocean City Maryland Gov J Millard Tawes hosts the Governors Invitational Marlin Tournament. His 45 pound 88 inch marlin leaped 24 times before he landed it after 25 minutes. Gov Charles L Terry of Delaware also caught a bigger marlin 91 inches long and 57 pounds.
MENTIONED IN THIS ARTICLE
Ocean City
J. Millard Tawes
Maryland
Tawes
Charles L. Terry
Delaware
Terry
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