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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Jun 05, 1961
Page
5
In a speech, Ja endorsed deficits by government borrowing instead of taxation, arguing that deficits this year and next would stimulate the economy. Dillon echoed or referenced the stance, highlighting the stimulus rationale behind deficit spending.
Washington columnist Lyle C. Wilson argues that currency inflation erodes the purchasing power of the U S dollar since 1939, downgrading to about 43 9 cents in 1961 and 46 9 cents retail. He warns the aged pensioners on fixed incomes suffer most while wage hikes and price rises fail to stop the decline.
The text notes a sharp US political dispute centered on Nikita Khrushchev's bombs and cites Treasury Secretary Douglas Dillon as articulating the Kennedy administration position last month amid the debate.
Republican economist Julius Klein weighed Dillon's stance on the national economy. He suggested Dillon favored a modest rise in inflation, expressing that the plan aimed for just a touch of price increase.
New York Sanitation Department arms patrols with two motorscooters to speed enforcement against littering. A trio of brief UPI items covers weed-stimulation experiments in Trenton to curb weeds and a Navy order banning kite flying at Coronado Beach to keep air operations clear.
Domini can playboy diplomat Porfirio Rubirosa planned to leave today for Europe following the funeral of slain Dominican dictator Rafael Trujillo in Ciudad Trujillo.
Readers ask about Hollywood morals and the impact of films on youth. A 17 year old asks about divorce risk tied to weight, a mother seeks dating guidance for her daughter, and others request Abby’s advice on romance, competition, and wedding planning in Beverly Hills.
Storms drenched Colorado croplands from Trinidad to Sterling, damaging sugar beet and grain crops. A tornado near San Jon New Mexico injured a rancher and loosed debris. Clovis hail measured two inches. Texas saw up to 60 mph winds and inch hail. Oklahoma evacuated 14 families as floods delayed wheat harvests across the region.
In Mexico City the Domini can exiles issued a statement saying they will not recognize any government in Mexico that includes members of the Trujillo family or their close associates.
Mayor Robert F Wagner defending his administration in a televised two hour address with 23 city department heads. He said the city has a clean government and pledged openness about city failures. Officials cited include Schools Superintendent Dr John J Theobald and Buildings Commissioner Peter J Reidy detailing investigations and hearings. Rockefeller linked to GOP work on a ticket with Louis Lefkowitz likely mayoral candidate.
Flash floods in Stillwater driven by over six inches of rain in two days forced the evacuation of about 12 to 15 families as muddy water rose to four feet in low areas. Most residents returned home hours later as waters receded. Elk City reported 5.32 inches of rain and many other Oklahoma points exceeded an inch.
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