Fed Raises Discount Rate to Curb Inflation
The Federal Reserve Board increased the discount rate from 5 percent to 5 percent to cool borrowing and ease inflationary pressures. The move takes effect in eight districts with St. Louis, Kansas City, and San Francisco keeping the 5 percent rate. Officials praised the step though some analysts question its lasting impact amid rising industrial output, income gains, and housing starts.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Federal Reserve District
Federal Reserves
Federal Reserve
St. Louis
Kansas City
San Francisco
Saul Klaman
National Association of Mutual Savings Banks
Reserve Board
Walter Klein
Associated Industries of
Massachusetts
Flu Epidemic Declared Disaster Situation In U S
The American Red Cross labels the nationwide influenza outbreak a disaster. New York Health Commissioner Edward O Rourke warns the city will worsen by New Year’s Day with about 500 000 recovered and 300 000 in critical stages. Hospitals limit visits as schools close early.
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Associated Press
American Red Cross
New York
Edward O’rourke
Hong Kong
Red Cross
Rates Rise for Second Class Mail in 1969 Schedule
Washington AP reports USPS second class mail rates will increase January 1 1969 as part of a three step congressional action begun in 1967. The first step increased first class and airmail rates last July. the January 1 1969 change targets magazines and newspapers with further second class hikes planned for January 1 1970.
MENTIONED IN THIS ARTICLE
Washington
Congess
Mohawk blockade halts Canadian police on Cornwall Island bridge
Police from Canada and Ontario clash with Mohawk protesters on the international bridge at Massena New York. Over 100 Mohawks block the bridge with 25 cars as Royal Canadian Mounted Police and state police arrive to disperse and arrest demonstrators.
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Bridge
Massena
N. Y
International Bridge
Cornwall Island
International Span
Cornwall
Ontario
Allen Clark
Royal Canadian Mounted Police
United States
Canada
Execution Stay Granted for Richard Speck
The Illinois Supreme Court granted a stay of execution for Richard Speck to allow his counsel to appeal to the U.S. Supreme Court. Speck, sentenced to die for the July 14 1966 nursing student killings in a south side Chicago townhouse dormitory, had an execution date of January 31. Gerald Getty, the Cook County public defender, filed an affidavit stating intent to seek Supreme Court review.
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Chicago
Richard Speck
Supreme Court
Illinois Supreme Court
South Side
Illinois Court
Gerald W. Getty
Cook County Public Defender
Getty
U.S. Supreme Court
Speck
Multimillionaire Parents Vanish in Coed Kidnapping Case
Federal agents lead a nationwide search for Barbara Jane Mackle a 20 year old kidnapped from a motel near Emory University in Atlanta. Her parents prominent in Florida real estate remain unlocated as FBI and DeKalb police pursue leads. Barbara was ill with flu before the abduction and was taken from a room while her mother was held at gunpoint. The Mackles left the motel for the airport with no ransom note reported and no clear motive identified.
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Atlanta
Barbara Jane Mackle
Emory University
Robert F. Mackle
Coral Gables
Fla
DeKalb County
Barbara
Mackle
FBI
Mackles
de Kalb
Emory
Deltona Corp
Miami
Jack Keith
FBI Arrests 31 in Chicago Draft Scheme
The FBI arrested 31 people, mostly from the Chicago area, in a Selective Service draft deferment fraud case. Four more suspects are sought. one arrest occurred in Miami Beach. The investigation cites phony documents claiming registrants were Illinois National Guard members to obtain illegal deferments.
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Washington
FBI
Chicago
Miami Beach
Fla
J. Edgar Hoover
Illinois National Guard
Hoover
Selective Service
National Guard
Weather Delays Nuclear Test At Nevada Site
A much protested underground nuclear test near Las Vegas was postponed 24 hours by weather conditions, shifting the device detonation to Thursday. The prototype warhead for anti ballistic missiles would be detonated at the bottom of a 4,600 foot shaft on Pahute Mesa in Nye County.
MENTIONED IN THIS ARTICLE
Las Vegas
Nev
Atomic Energy Commission
Pahute Mesa
Actress Cannot Remember Man Who Left Her 300000
LOS ANGELES AP Dolores Moran recalls a man she cannot name who left her most of a large estate. Anthony Ponce a 58 year old recluse reportedly left 250000 to 300000 in a 1947 will. Moran once met him as a Sunnyvale carhop and the will names her as the main beneficiary. The estate includes a 10 acre apricot grove now valued at up to 300000. Nieces and nephew married and of modest means plan to contest probate filed Monday.
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Los Angeles
Dolores Moran
Anthony Ponce
Moran
Hollywood
Calif
Warner Brothers
Ponce
Miss Moran
Sunnyvale
Modest Inc
Reds reject flag display proposal in Vietnam peace talks
Paris dispatch reports Saigon negotiators proposed limiting flags and name plates to the United States and the two Vietnams. The move excludes the Viet Cong National Liberation Front, which Hanoi and the NLF deem the true South Vietnamese representative, signaling further delays.
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Paris
Saigon
Vietnam
Pham Dang Lam
South Vietnam
U.S
United States
North
Viet Cong
National Liberation Front
Hanoi
NLF
Kissinger May Advise Phased Pullout From Vietnam
Henry Kissinger’s role as Nixon's national security adviser may emphasize conventional over nuclear deterrence and a phased U S withdrawal from Vietnam. He has outlined views in books and Foreign Affairs and helped draft Rockefeller plan for mutual pullback and staged South Vietnam withdrawal.
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Kissinger
Vietnam
Washington
Henry A. Kissinger
Richard M. Nixon
U.S
Nixon
Harvard
Atlantic Alliance
McGeorge Bundy
Kennedy
Walt Rostow
Johnson
Foreign Affairs
Nelson A. Rockefeller
New York
Rockefeller
Johnson enters Bethesda Naval Hospital for chest cold
President Johnson goes to Bethesda Naval Hospital with a chest cold and low grade fever. White House press secretary George Christian said the fever has developed into a chest cold and the president is there on medical advice from Dr. George Burkey.
MENTIONED IN THIS ARTICLE
Washington
Johnson
Bethesda Naval Hospital
White House
George Christian
George Burkey
Eisenhower Brother Dies in Scottsdale Arizona
Earl Eisenhower aged 70, brother of former president Dwight Eisenhower, died at his home in Scottsdale. A former electrical engineer with West Penn Power, he later worked in public relations and served several terms in the Illinois legislature.
MENTIONED IN THIS ARTICLE
Scottsdale, Ariz
Earl Eisenhower
Dwight Eisenhower
Scottsdale
Eisenhower
West Penn Power Co
Pennsylvania
Illinois
Gold prices surge on speculation of Nixon policy shift
European bullion markets rose to a six month peak as traders speculated that the incoming Nixon administration would raise the official price of gold. The move followed reports from London and other centers amid expectations of policy changes affecting gold pricing.
MENTIONED IN THIS ARTICLE
Nixon
Paris Ups Police Patrols to Counter Student Action
Paris police increased street patrols in response to a call from the National Students Union for a student day of action. The union urged undergraduates to strike confer and demonstrate as part of protests.
MENTIONED IN THIS ARTICLE
Paris
Ups
Day of
France
National Students Union
Fordham Plans Lay Control Move Signals Change in Jesuit University
Fordham University announces next month lay leadership to take control marking an unprecedented shift in governance among U S Jesuit colleges and universities. The change follows a series of steps to deemphasize direct Roman Catholic Church involvement at Fordham.
MENTIONED IN THIS ARTICLE
New York
Fordham University
America
Jesuit
Uni
Fordham
Brezhnev Celebrates 62nd Birthday in Moscow
Leonid I. Brezhnev marked his 62nd birthday in Moscow with visible strength in the Kremlin. Public demeanor showed confidence and no sign of serious opposition threatening his leadership or policy stance.
MENTIONED IN THIS ARTICLE
Moscow
Leonid I. Brezhnev
Kremlin
School district votes to allow Bible readings in classrooms
Philipsburg Osceola Area School District voted to permit Bible reading and recitation of the Lord’s Prayer in classrooms despite a Supreme Court ban. Superintendent E J Grundy says the board has community backing and has already received many supportive calls.
MENTIONED IN THIS ARTICLE
Philipsburg, Pa
Philipsburg-Osceola Area
U.S. Supreme Court
E.J. Grundy
Grun
Schedule Full School Day at HS 271 Brooklyn
For the first time since the order to close on December 3, Junior High School 271 in Brooklyn Ocean Hill Brownsville district planned a full day of classes today.
MENTIONED IN THIS ARTICLE
Junior
High School
Brooklyn
Ocean Hill
Brownsville
Saigon Ready to Discuss Holiday Truces With N Vietnam
Saigon says it is prepared to talk with North Vietnam about truces for New Year and Tet. Hanoi is expected to ignore or direct talks to the Viet Cong's National Liberation Front, complicating the status of proposed cease-fires amid Viet Cong three day Christmas to Tet pauses and Saigon’s 24 hour Christmas truce. The U S command will observe the Christmas pause.
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Saigon
North Vietnam
Hanoi
Viet Cong
National Liberation Front
South Vietnam
NLF
U.S
Foreign Ministry
Carrier Wins Congressman's Support in Junk Mail Fight
John Stark, the Ithaca postal worker fired for refusing to deliver junk mail, gains support from Rep. Ken Hechler of West Virginia who asks the Postmaster General for Christmas clemency. Stark remains on the payroll during appeals as postal workers nationwide sympathize with his stance.
MENTIONED IN THIS ARTICLE
Ithaca
N.Y
John Stark
Stark
West Virginia
Washington
Ken Hechler
D - W.va
W. Marvin Watson
Postal Service
Post Office
Florida Bridge Collapse Kills One Injures Five Tarpon Springs
The Anclote River bridge near Tarpon Springs collapsed Tuesday killing Jane Stinson and injuring five others. A second bridge was closed as engineers noted cracks in its supports and traffic was redirected for safety. Her daughter survived among the injured.
MENTIONED IN THIS ARTICLE
Tarpon Springs
Fila
Anclote River
Florida Highway Patrol
U. S. 19
Jane Stinson
Crash of USAF Plane Kills 14, 30 Hurt Near Chu Lai
A U S Air Force transport with 44 aboard crashed south of Chu Lai. Initial reports say 14 were killed and most of the remaining 30 passengers and crew were injured. three in serious condition. All believed American. Cause unknown. the twin engine C 123 Provider plunged after takeoff and burned.
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USAF
Saigon
U. S. Air Force
Chu Lai
U. S
Air Force
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