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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Sep 21, 1972
Page
3
The Senate on Wednesday passed a bill to permit Japanese Americans interned during World War I to recover seized bank deposits. Claimants include those with funds in Yokohama Specie Bank branches in the United States and Hawaii. assets were seized by the government at the outbreak of the war.
The bank forecasts a $30 billion federal deficit in 1973, higher interest rates, continued trade deficits, and weaker wage price controls. Unemployment is seen near 11 percent, inflation around 4 percent, housing starts falling below two million, and consumer spending rising modestly in 1973.
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