New GI Loan Law Covers Mobile Homes
The new GI home loan law signed by President Nixon expands eligibility and removes expiration dates, enabling Korea and WWII veterans to buy mobile homes and refinance existing mortgages. It aims to boost housing, with VA estimates of 35,000 veterans benefiting, though high interest rates may limit uptake in some areas. Jacob Blaustein, founder of American Oil, dies at 78 in Maryland after a career in business and diplomacy.
MENTIONED IN THIS ARTICLE
Washington
South
West
Veterans Administration
Nixon
Korea
Baltimore
Jacob Blaustein
American Oil Co
Blaustein
Maryland
Chicago
Louis Blaustein
American
Standard Oil Co
Indiana
Standard
Blausteins
United Nations
Israel
San Diego
Los Angeles
Dallas
Louisiana
Texas
Book Club Policy Faces FTC Ruling Hearing
Washington AP report on four day FTC hearings over negative option practices in book and record clubs. Industry reps argued against a total ban while critics say such practices exploit procrastinators and hinder billing. Rural access and consumer choice were debated as a middle ground sought. William Tyler Page noted for American Creed authorship.
MENTIONED IN THIS ARTICLE
Washington
Federal Trade Commission
FTC
Pentagon To Cut Deeply Into Green Beret Force
The Green Berets, the Army's counter guerrilla unit, will shrink by about one third next year from 9,000 to around 6,000 or fewer as Defense budget cuts bite. Vietnam era plans aim to reduce Army strength to 13 and two thirds divisions by June, with most of the 2,800 Green Berets in Vietnam expected home by Christmas. The shift de-emphasizes direct combat in favor of nation building and advising foreign militaries, as inter-service rivalry and a controversial murder case in Vietnam influenced policy.
MENTIONED IN THIS ARTICLE
Washington
Green Berets
Pentagon
Defense Department
Vietnam
Army
John F. Kennedy
U.S
Reault
Creighton Abrams
Nixon plans to beef up reserves amid defense cuts
Pentagon officials push a 10 to 15 percent boost for National Guard and reserve forces in next year’s budget. The plan, tied to a smaller active force, aims to modernize equipment and expand training with possible pay raises, backed by higher funding than this year’s $2.4 billion level. Washington, D.C. remains the capital.
MENTIONED IN THIS ARTICLE
Washington
Pentagon
National Guard and Reserve
Nixon
Army
Air Force
Navy
Marine Corps
National Guard
Melvin R. Laird
ICC Chairman Sees No Fault in Dining with Regulated Interests
Washington AP ICC chairman George Stafford says he sees nothing wrong with being wined and dined by interests his agency regulates while moving to fire a hearing examiner for accepting meals and entertainment from parties in a proceeding. Travel vouchers show several commissioners attending industry functions, raising criticism from consumer groups and Congress.
MENTIONED IN THIS ARTICLE
Washington
Interstate Commerce Commission
George Stafford
Stafford
American Trucking Association
Victor Borge
ICC
Donald L. Jackson
Dale W. Hardin
Rupert L. Murphy
John W. Bush
Bernard J. Hassan Jr
Edgar B. Hamilton Jr
Also Mentioned on This Page
William Tyler Page
House of Representatives
CUPID
Bank Americard
Pywspa Prrarchive
N. Market &St
Frederick
Green Beret
Ft. Bragg
N.C
Robert Reault
High Command
Saigon
Boston
Washington, D. C
United States
John Adams
Congress
Magnavox
East
Nieuw
Ankly
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