Campus riot on Ohio college kills student
About 40 students from Wilberforce University and Central State University fought after a movie on the Wilberforce campus. Mantel Crenshaw, 22, a Wilberforce freshman, was shot in the shoulder and died. Two other students were injured as deputies faced rocks and firebombs during the disturbance.
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Scotland Yard alert after two London bombings
London police posted guards on public buildings and issued emergency alerts across Britain after two blasts in London. The first hit the Royal Tank Regiment HQ near Parliament, the second damaged the Post Office Tower. No injuries reported.
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Nixon economic team targets consumer credit rates
President Nixon’s new committee on interest and dividends will focus on mortgage and consumer credit but not seek mandatory controls, chairman Arthur Burns testified. He said the advisory panel aims to reduce rate lags while opposing fixed ceilings, arguing funds owners cannot be compelled to lend.
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Thieu Honors War Dead At Bien Hoa Cemetery
President Nguyen Van Thieu walked among mourners at Bien Hoa national cemetery in Saigon area paying respects to South Vietnam’s war dead. Widows cried out and Thieu distributed money before lighting incense at four new coffins.
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Banking tricks may raise the cost of borrowing money
The text describes methods to shift funds from mortgages into other investments and to use devices like points and compensating balances to increase the effective cost of borrowing. It notes how these practices change borrower expenses and financial strategies.
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