Investing Abroad Could Reward Risky Diversions
A columnist weighs foreign securities and currencies as US investors seek returns amid devaluation fears. Mexico offers promising government guarantees and dividends. Japan and Germany present high yields with cautions over call features and currency risk. Swiss banks are not attracting deposits, while experts warn devaluation risks remain in several markets.
MENTIONED IN THIS ARTICLE
Linda de
Kennedy
U.S
Europe
Carl Marks & Co
Mexico
Jan Papper
Ihal
Vields
Financiera Nacional
Bonis
Telefonos de Mexico
Hopper
Popper
Tax Cuts Still Vague as Vote-Garnering Debate Rages
historian tone piece discusses the Kennedy administration tax reform proposals. It weighs projected savings versus revenue gaps, noting lower income groups and small businesses as likely beneficiaries while acknowledging potential gains from capital gains reforms. It cites predicted net effect on the budget, consumer spending, and savings behavior, with emphasis on the political battle in Congress.
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Dy Leslie
Gould New York
Reas
Gul Hillion
Congress
Executive
Department
Kennedy
John Galbraith
Five Children Perish in Fire in New York Home
Hampton, NY AP reports a blaze in a Long Island home killed five children aged three months to six years. Parents Jeremiah and Mrs Williams escaped by leaping from a window. four bodies found inside the four room bungalow, the fifth child died at a hospital. Fire officials say a heater explosion likely sparked the fire.
MENTIONED IN THIS ARTICLE
Hampton
Long Island
Jeremiah Williams
Warning to Katanganese Amid Crisis in Katanga
Katanga's representative in Leopoldville Joseph Ten warned of rapidly deteriorating conditions in Mlisanetville over four days. He charged that hostile elements are inciting rebellion and vowed severe measures against acts of violence or sedition by officials or supporters. Military experts head to India as defense industry expansion looms. official banking statements and corporate notes appear in the surrounding text.
MENTIONED IN THIS ARTICLE
Elisareyiville
Katanga
the Congo
UPL
Joseph Ten
Te Leopoldville
Mlisanetville
Tico
Market Resumes Gains as Stocks Lead Rally
The New York market regained momentum with IBM advancing and GM posting moderate gains. Trading was active as demand persisted for steel, auto shares fluctuated, and the market showed buy pressure with record highs and strong earnings suggesting continued investor optimism.
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New York
IBM
Carlyla
General Motors
Irie & Gas
Royal Butch
Calper Continuing
Advance Inl& Myers
Boeing
Woolwatlh
Anal
Standard Oi
Irian
Brey Ta Group
Sis
Merek
Weeks
Union Leader Rules Out Nationwide Transport Strike
Teamsters Union President James R Wolfe says there will be no national transportation strike, arguing such a walkout would defeat its purpose. On a taped TV program, Hoffa compared strike power to atomic bomb possession and warned against extreme action. McClellan echoed concerns, saying leaders would prefer to avert a nationwide shutdown.
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Noffa
Tiofte
Dulay L. McClellan
Dirk
Ves Hales
Howard
K_ Smut
ABC
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