15 Oct 1962
Page 1
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This newspaper page contains 17 articles. Subscribers can read the full text of each article.
Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Oct 15, 1962
Page
1
The piece critiques public debt and corporate leverage, noting a Wharton instructor argues that private firms rarely repay what they borrow while consumers must. It revisits Keynesian spending, FDR red ink, and a debate on constitutional limits to public and corporate debt, citing policy implications.
The report notes Chiang Kai-shek appears improving after a long recovery and he is seen standing on a reviewing stand for 90 minutes with no fatigue. It also mentions Charles de Gaulle preparing a possible diplomatic move before the October 28 referendum and Vatican discussions on expanded episcopal powers and papal infallibility.
President Kennedy, after a campaign swing through five states, spoke privately with Adlai Stevenson at the United Nations in New York. Stevenson said the spur of the moment talk covered the Congo situation and reassured Kennedy about Western Hemisphere allies sensing Cuba's threat to security.
A jumble of clues and partial solutions appears for a Saturday crossword, listing numerous entries across domains from mythic deities to chemical symbols and grammatical pronouns. The garbled text suggests a standard puzzle page with enumerations for across and down words, including several themed entries and miscellany.
Robert E. Atwood of Scottsdale is undergoing basic Infantry training at Fort Ord California. He is the son of Rev and Mrs John S Atwood of 1017 E Meadowbrook.
United Press International reports temperatures and precipitation for the 24 hour period ending at 4am. Data includes regional highs and lows with rainfall amounts and notable weather events.
East German Communist party chief Walter Ulbricht greeted Polish leaders Wladyslaw Gomulka and Jozef Cyrankiewicz in Berlin and urged a German peace treaty without delay. He called for a free neutral West Berlin while condemning the occupation regime of the Western powers.
Fred Stresen-Reuter, president of Strand Land Co., named to fill the remaining term of Dick Houseworth on the Chamber of Commerce board of directors. Houseworth leaves his Brown Avenue Main Street bank branch post as he moves to the Arizona Bank main office. Five directors will be elected at the November 14 annual election. the board has 10 members with staggered two year terms.
The Rt. Rev. Joseph M. Harte was installed Sunday as Episcopal Bishop of Arizona at Trinity Cathedral in Phoenix.
Cape Canaveral sources report Ranger 5, a 755 pound lunar probe, faced payload troubles causing a postponement from today's scheduled launch. If fixed to scientists’ satisfaction, the spacecraft would resume atop the Atlas Agena booster for a 90 minute window Tuesday, with a six day launch period this month. failure to launch by Sunday could push the mission to November. Ranger 5 aims to capture first close up moon images and place a small working payload on the lunar surface, ending a decade of failed attempts.
UPI reports San Carlos Apache leader Phillip Nash urged the tribe to seek state and county aid for road construction on the reservation. He told the tribal council the project should be top priority for economic development and to show officials how aiding roads would open the area to tourists and industry.
R J Gerardot of 8041 E Yale reports Benny the blue parakeet has vanished over the weekend. A $50 reward is offered for Benny's safe return.
Parks and Recreation invites residents to join rockhounds artists league singing table tennis and archery classes. Contacts are available by calling 947 4303 for schedules.
Police reported extensive damage at Shields Development Company on 579 N Hinton Ave Scottsdale after a break in Sunday. Unknown intruders damaged two offices, broke doors and furniture, and stole keys to schemes and apartments from the rear arcade area.
Princess Grace, smiling in Monte Carlo, expressed optimism that the Monaco France crisis will end well for her tiny principality. She noted concern but declined to discuss politics, while Monaco’s leaders and residents brace for tax and border actions amid De Gaulle's demanded tax money.
The Soviet Union will test a new series of multistage carrier rockets in two Central Pacific regions from Tuesday through November 30, Tass reported. The tests target long range rockets designed for cosmic objectives, following a prior Pacific test series last year from Russia toward a target area southwest of Hawaii.
Thousands of working men know what chiropractic can do for back injuries. Chiropractic care helps insured workers and reduces costs for insurers and employers while shortening production interruptions. Large industrial firms now employ chiropractors to care for injured workers. The spine is described as the keyboard that unlocks nature’s curative powers.
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