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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jun 27, 1967
Page
6
John Cunnife notes forecasts have underperformed in mid-year economic outlooks. He discusses investor tax and income issues, advising prudent balance between gains and taxes, and highlights a shift to a new economic phase after six years of growth.
The piece discusses mixed signals in mid year forecasts for 1967 and 1968, noting no clear upturn yet. It critiques forecasters for optimistic projections, highlights housing and auto sector misses, and explains how tax and investment yield affect real gains versus theoretical profits.
Washington reports on a national conference addressing rising medical bills as stock markets react. Stewart urged consumers to shop for affordable care, while delegates push for practical solutions to curb costs, highlighting the impact on public finances and hospital pricing.
In Washington, Sen. Harry F Byrd challenges the administration plan for a 22 billion debt limit rise, seeking a ceiling 10 billion below the 258 billion request. Senate leaders press for quick action to push the measure to the President, while Byrd and Sen. John J Williams prepare amendments as the temporary 336 billion limit nears Friday midnight. The government debt stands around 327 billion, with House rejection of a prior version and a narrow veto by only eight votes on the latest.
James Meredith, limping from swollen feet, resumed his march on fear along Highway 51 toward Jackson Mississippi. Reports note rising hospital wage costs and doctor shortages, with medical care costs and access under pressure as Meredith heads toward Grenada and North Mississippi towns amid ongoing efforts to ensure care for all citizens.
A fractional mix in the New York Stock Exchange showed in early trading with more declines than advances by a small margin. Trading was moderately active as IBM gained, Xerox fell, and Lockheed led aircraft shares with only Norfolk & Western rising.
Prof Arthur M. Schlesinger Jr. told UPI that most Americans backing the government’s Vietnam policy are “very sick and fired of their war.” He called Robert F. Kennedy the “right man” for the presidency in 1968, though his chances depend on events by 1979. He suggested a fresh Republican candidate could challenge Johnson on Vietnam.
AP report from Tokyo says Communist China accuses Soviet Premier Kosygin of using family diplomacy to push worldwide counterrevolutionary deals with President Johnson. NCNA notes Kosygin brought his daughter to the meeting while Johnson brought his wife and daughter, following Khrushchev’s example to raise mutual affection.
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