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Newspaper
Paris Post
Location
Paris, Idaho, United States of America
Date
Dec 30, 1965
Page
2
In a year opening editorial the writer urges Bear Lake West side residents to organize a representative group to attract a bank to Paris. He recalls past college days with Bear Lake State Bank and argues bank service would boost the community and influence, inviting reader suggestions and opinions.
Babson predicts 1966 will bring high level stability rather than vigorous growth. He expects stronger inventory, solid capital expenditures, and rising personal incomes, but notes tax changes and wage trends may temper after midyear. Employment differs by sector with government gains, while retail trade should stay strong amid price increases.
The forecast notes strong incomes and employment support for spending in food apparel and leisure. It predicts continued demand for color TVs and autos, modest inflation, rising credit risk, deficits from higher defense and Great Society costs, and ongoing nonfarm real estate foreclosures with more in 1966.
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