Experts urge corrective ads to counter misleading tobacco slogans
Government consultant Harold H. Kassarjian told a Senate subcommittee that LSMFT meaning Lucky Strike Means Fine Tobacco has long conditioned middle aged consumers. He urged the FTC to require corrective advertising linking tobacco slogans to health risks and cited pending cases against major aspirin makers for false advertising.
MENTIONED IN THIS ARTICLE
Washington
UPI
Harold H. Kassarjian
Senate
Kassarjian
UCLA
Federal Trade Commission
Sumer
FTC
FTC says oil probe near completion with July 1 report
The Federal Trade Commission expects a report within a month on allegations the petroleum industry helped cause a gasoline shortage. Chairman Lewis Engman told Sen. Jackson the year‑long probe is close to completion and to report findings by July 1. The Justice Department sued nine major oil firms to back claims of natural gas reserve shortages amid price‑rise disputes.
MENTIONED IN THIS ARTICLE
Washington
Federal Trade Commission
FTC
Lewis A. Engman
Engman
Henry M. Jackson
D-Wash
Senate Interior Committee
Jackson
Justice Department
U.S. District Court
Federal Power Commission
Maturai
Banks hike prime lending rate in coordinated move
A number of medium sized banks raised their prime lending rate from 7 1/4 to 7 1/2 percent following Federal Reserve actions to tighten credit and curb inflation. The rise affects large corporate loans but not immediate mortgages or small business loans, with a typical six to eight month lag before any pass through to consumer credit.
MENTIONED IN THIS ARTICLE
New York US
Federal Reserve
Girard Trust Bank
Philadelphia
Harris Bank
Chicago
Continental Illinois
National Newark & Essex
New Jersey
Girard
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