Johnson seeks partnership with business amid banking tensions
Associated Press outlines President Johnson’s push to work with business while warning bankers against raising lending rates. It highlights earlier Kennedy clashes with steel, the steel contract episode, and Johnson’s aim to avoid a wage price spiral. The piece notes banks hesitated and Johnson praised long term national growth.
MENTIONED IN THIS ARTICLE
American Federal Reserve
U.S
Johnson
Kennedy
Business Advisory Council
White House
Steelworkers’ Union
Roger M. Blough
U.S. Steel Corp
Builders Stay Confident On 1965 Construction Boom
AP analyst notes winter slows some activity but builders remain optimistic that construction will lift the economy next year. 1963 saw about $62 billion in construction, with November 1964 running at a seasonally adjusted annual rate of $65.6 billion, supported by highway, school, and manufacturing plant projects.
MENTIONED IN THIS ARTICLE
Sam Dawson
AP Business News
NEW York
Census Bureau
Cone
Menkage
Two Indicators Watched Closely
AP Business News notes expansion in 1965 faces doubt as profit margins tighten and money markets stay uncertain. Several factors push corporate plans to expand, including rising production costs and variable financing costs amid volatile interest rates.
MENTIONED IN THIS ARTICLE
Sam Dawson
AP Business News
NEW York (Ap
Bee
No Agreement Reported On US Russia Defense Cuts
Washington dismissed Kosygin’s speech claiming Russia would cut defense by 555 million dollars and that the United States hoped to trim military spending next year. White House spokesperson George Reedy denied any US Russia deal and noted McNamara’s target under 50 billion dollars for the coming year.
MENTIONED IN THIS ARTICLE
Washington
United States
Russia
White House
George Reedy
Alexei N. Kosygin
Moscow
Robert 8. McNamara
Reedy
Kosygin
Work On Supersonic Plane Progress Reported
Boeing officials say early results on a 2000 million hour supersonic transport project look promising after FAA de briefings spanning five days. NASA Langley and other agencies provided evaluations, with Boeing, Lockheed, General Electric and Pratt and Whitney listed as contractors.
MENTIONED IN THIS ARTICLE
Washington
Boeing Co
Seattle
Federal Aviation Agency
Gordon M. Bain
FAA
National Aeronautics and Space Administra
Tion
Air Force
Navy
Civil Aeronautics Board
Maynard L. Pennell
Boeing
NASA
Langley Research Center
Hampton
Heber Badger
Lockheed
General Electric
Pratt and Whitney
Also Mentioned on This Page
LBJ
James Marlow
Associated Press News
Cape
England
Wellsville H.C.A
Wayne Wild
Osawatomie State Hospital
Philip Jacoby
Verne Alden
Bank of England
S. Main
Ottawa
Parkas
S-M-L
Ameo
Phillips
The
Ottawa Herald
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