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This newspaper page contains 6 articles. Subscribers can read the full text of each article.
Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Dec 27, 1967
Page
58
A columnist argues that the Social Security system unfairly penalizes working wives by allowing automatic spousal benefits while offering limited own-benefit refunds. She cites high taxes paid and proposes full working-wife benefits plus partial spousal benefits as a remedy, urging recognition and reform.
Los Angeles string of market notes from AP report mentions poultry eggs and barley pricing, with references to Arctic shipments and bank activity. The fragmentary text shows a Tuesday after market close with scattered figures and market terms.
President Johnson opened budget talks from his Texas ranch, calling Budget Director Charles Schultz and Agriculture Secretary Orville Freeman to start discussions. Schulze and Freeman arrived by plane from Washington as the White House aides prepared the initial agenda.
Grain market activity at the Treasury on December 21 1967 shows varied pricing while the White House reports the President has signed three bills among 40 plus measures. One tax refund for American Motors Co. and five year foreign loans for ships and destroyers are authorized. Additional bills regulate alcohol movements into Washington DC.
New York market observers noted a tentative year end rally as prices rose across many issues in active trading. Analysts cited easing income tax selling and supportive economic data as buyers returned, with the UP I stock indicator up about 6 percent and the Dow Jones Industrial Average advancing late in the session.
Paris report says the United States must raise taxes soon to curb demand and inflation risks. OECD warns a tax brake could worsen the payments deficit and trigger broader economic problems while noting uneven effects across sectors and the need for tight money.
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