Mortgage rates rise as inflation fight continues
Federal Reserve Board member Andrew Brimmer warned Americans will face higher mortgage costs and tighter credit amid ongoing inflation. He cited higher reserve requirements and a 7 percent discount rate as fueling loan rate increases while the public shelves up on food. An Associated Press survey noted shoppers stockpiling despite price spikes, with costs expected to ease only as supplies grow. Vegetables and summer produce are forecast pricier though volumes rise, and clothing price freezes face exemptions to avoid market disruption.
MENTIONED IN THIS ARTICLE
Washington UA
Federal Reserve Board
Reserve Board
Andrew F. Brimmer
Federal Reserve
Ers
Brimmer
Drimmer
United States
Associated Press
Ric
Agriculture Department
Cost of Living Council
Burmese exile U Nu leaves Thailand for United States
Former Burmese Prime Minister U Nu, living in political exile in Thailand for seven years, has departed for the United States to pursue a role as a roaming lecturer. He was asked to leave Thailand last month due to political activities linked to Burmese rebels operating along the Thai border against Gen. Ne Win.
MENTIONED IN THIS ARTICLE
Bangkok
U Nu
Thailand
United States
Ne Win
Burma
Impound accounts reforms and Army pay dispute prompt queries
Readers seek guidance on lender obligation to pay interest on impound funds and a San Francisco class action. Army Finance Center explains a discharged soldier’s owed pay was miscalculated due to missing records. Also covered are contractor release forms, liens, and a Kiwanis bicycle donation lead in Long Beach.
MENTIONED IN THIS ARTICLE
San Francisco
Army
Ft. Ord
Army Finance Center
Indiana
Long Beach
Center
Action Line
F.R
Nixon greets Shah as top statesman during four day visit
The Shah of Iran arrived at the White House for a four day state visit. President Nixon welcomed him as a world statesman of first rank and said he would seek the Shah's advice on Middle East concerns. The Shah stressed Iran's role as peacemaker while safeguarding freedom and sovereignty.
MENTIONED IN THIS ARTICLE
Washington
Iran
White House
Middle East
Nixon
Shah Mohammed Reza Pahlavi
Persian Gulf
Shah
Senate Confirms Two Nominations in Health and Treasury
The Senate confirms Stanley B. Thomas of New York as assistant secretary of health, education and welfare, and William L. Gifford of Jamestown New York as deputy under secretary of the Treasury. The Shah and Empress Farah arrive at the White House after an overnight stay in Williamsburg Virginia. Nixon makes first public appearance since hospitalization.
MENTIONED IN THIS ARTICLE
Washington
Senate
Stanley B. Thomas
New York
Health
Shah
Empress Farah
White House
Williamsburg
Colonial
Nixon
Clothing price-rise forecast amid textile exemption
Washington reports fall and winter clothing prices expected to rise as the Living Council exempts textile and apparel industries from the price freeze. A council spokesman warned uncertain price shifts, citing safeguards against hardship. manufacturers appeal for relief due to squeeze from the June 12 freeze.
MENTIONED IN THIS ARTICLE
Washington
UPD
Gor of Living Council
Textile
Sppares
Council
Clothing Manufacturers Association of the
U.A
STOP PLAYING BUDGET BINGO LOOK FOR A BETTER JOB
Classifieds highlight urgent help wanted and better employment options. Readers are urged to search today for available positions, with emphasis on growing opportunities and immediate openings across multiple industries. Local listings suggest practical job hunting steps and tips.
Bank Robbery at United California Bank in San Bernardino
A man with a handgun entered the United California Bank in San Bernardino on Monday afternoon, demanded a teller fill a paper bag with cash, and fled with more than $15,000. Police pursued leads as the investigation began.
MENTIONED IN THIS ARTICLE
San Hernardino
United California
Also Mentioned on This Page
Michigan Savings and Loan League
Mackinac Island
Mich
U.S
Anthony
Pacific Coast
Califo i Neh
Cindy
Wag Brace
Orange County
Shah OF
Farah
Contractors State License Board
Parker's Hike Shop
Studebaker Road
W.P
Kiwanis Club
Long Beach Unified
Dale Ely
Dale Carnegie
Namca
Rochelle’s Convention Center
Lakewood Blvd
Long Beach Airport
Jack Smith
Eho
Bork
Reader's Digest
Alexia Karen Mercer
King's Canyon National Park
Forest Lawn
Cypress
Paramount Mortuary
Gharies
Tillie Evra
Angalls
Atlantic Ave
A .M
Bauer
Both
Stree
Bey
Ce Taroy Edenh
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