Higher Down Payments Tied to Slower Mortgage Growth
Government moves to raise minimum down payments and shorten loan terms aim to curb rising mortgage debt and inflation risk. The 2 percent down payment increase and 25 year maximum reduce the appeal of 30 year loans, though impact on buyers remains uncertain. Veterans Administration data show 30 year loans surged to 46 percent in March from 14 percent last year.
MENTIONED IN THIS ARTICLE
Albert M. Cole
Veterans Administration
Coles
New York Restaurants Push Cold Soup in Heat
New York eateries promote cold soups as a summer novelty to beat the heat. Patrons sample chilled gazpacho and vichyssoise as refreshing menu options amid rising temperatures.
MENTIONED IN THIS ARTICLE
New York
Shade trees boost yard appeal and home prices
A reader notes that homes with shade trees in the yard tend to command higher prices, suggesting that well placed trees can add value to property. The idea is playful yet tied to curb appeal and market demand.
Foreign aid funds reallocated as unspent totals discovered
Senate restores half billion in President Truman era foreign aid requests then uncovers 400 million dollars in unused funds from the Air Force and NATO, forcing a final bill near the House figure and leaving administration backers at a loss for miscalculated totals.
MENTIONED IN THIS ARTICLE
House
Senate
Air Force
Sen
Everett Dirksen
NATO
Alfred M. Gruenther
Europe
Homer Capehart
Colorful salt product and slogan clash over highway station
A company introduces pastel color table salt while a slogan change to When it pours it rainbows is debated. The highway station project is dropped after truckers lobby objections, prompting questions about future truck routes and rail alternatives.
Republicans bite on Walcott housing bill in Congress
Rep Hugh Scott charges 151 Republicans and 66 Democrats voted against the President's 35 000 public housing plan. They backed Walcott's bill which omits any housing units, hoping Senate conferees will accept the President’s request later. Scott says many Republicans want the President in the morning but not in the afternoon.
MENTIONED IN THIS ARTICLE
Hugh Scott
Pennsylvania
House
Ike
Jesse Wolcott
Walcott
Senate House
Albing
Eisenhower era golf critiques and Cold War travel talk
The piece recalls 1952 campaign era worries about a military man as president and notes Soviet Premier Bulganin possibly visiting the US while Eisenhower might visit Russia. It emphasizes calls for coexistence as a hopeful theme.
MENTIONED IN THIS ARTICLE
Ike
Bulganin
United States
Eisenhower
Russia
Declining Math Focus in U S Schools Cited by Engineers
The National Society of Professional Engineers reports weak emphasis on reading writing and arithmetic in modern schools. Only 25 percent of elementary students study math and 12 percent of high school students study geometry.
MENTIONED IN THIS ARTICLE
Alexander Graham Bell
The
National Society of Professional Engineers
Studia
Yma S Becomes Citizen Amid Nation's Chorus of Praise
The Peruvian singer with a five octave range gains citizenship as public praise mounts for her vocal mastery. A later note hints at a nightclub ad featuring the "Satellite Blonde" following the President's dramatic announcement.
MENTIONED IN THIS ARTICLE
Yma S
Younger calls for city folk department to aid urban needs
REP J Arthur Younger urges a Cabinet level Department of Arbiculture to represent city dwellers against a farm dominated government. He notes Agriculture serves farmers since 1892 while 85 percent of Americans live in cities with no dedicated department.
MENTIONED IN THIS ARTICLE
J. Arthur Younger
Rcalif
Department of Arbiculture
Younger
Department of Agriculture
Race driver pushes 300 miles at top speed without stops
A race driver completes a 300 mile run at nonstop top speed. The remark about not having small children aboard adds a light aside, while a nod to the fading Cold War era frames the snippet.
David Felts Recalls Jung Era as Psychoanalysis Went Public
In Zurich last week Dr. Carl Jung celebrated his 80th birthday amid memories of Freud Adler and Brill as the Big Three of psychoanalysis. The piece traces early 20th century interest in dreams sex drive and the Fifth Amendment mood, plus notes on new fall books and Edna St. Vincent Millay’s first published work.
MENTIONED IN THIS ARTICLE
Zurich
Carl Gustav Jung
Jung
Alfed Adler
Sigmund Freud
Abraham Brill
Freud
Fpa
The
Times
Edna St. Vincent Millay
St. Nicholas Magazine
Miss Millay
Vassar
World of Contemporary Letters
Publica
Quaker Mission Tries Church Contact in Russia
A six member Quaker delegation led by Clarence E. Pickett returned from a peace mission to Russia. They aimed to reestablish direct church contacts, visiting Baptist, Orthodox, Old Believer, and Jewish communities from Leningrad to Moscow and Kiev. They found strong religious participation but widespread anti American sentiment in Pravda. They advocate more Russian delegations to the free world to improve relations.
MENTIONED IN THIS ARTICLE
Russia
Clarence E. Pickett
Friends’ Service Committee
Poland
Hungary
Pickett
Leningrad
Mr. Pickett
Kiev
Ukraine
Tashkent
Central Asia
Msscow
America
Moscow
Free World
Geneva
Russia orders 44,000 troops home from Austria
Soviet Defense Minister Georgi Zhukov announced a plan to withdraw 44,000 Russian occupation troops from Austria by October 1, a month before the deadline. The move aligns with a summit proposal for all four occupying powers to trim forces by the amount evacuated from Austria.
MENTIONED IN THIS ARTICLE
Georgi Zhukov
Austria
Marshal Zhukov
Eisenhower
Russia
United States
Britain
France
Asia
Sobeloff’s Senate fight to confirm Fourth Circuit seat
Southern opposition delays Solicitor General Sobeloff nomination amid school integration clash. Senators Eastland and Johnston protest his role in segregation cases while praising his independence. Delays may hinder the Fourth Circuit and slow justice.
MENTIONED IN THIS ARTICLE
Washington
Simon E. Sobeloff
Fourth Circuit Court of Appeals
Sobeloff
Maryland Court of Appeals
Peters
Supreme Court
Herbert Brownell
Monaco Bank Closed by Court in Bankruptcy Action
Monte Carlo August 1 The Monaco court closed the Monaco Banking and Precious Metals Co after declaring it bankrupt. Managing Director Constant Liambey is under house arrest at his villa on Cape Ferrat France on charges of mismanagement of bank funds. Investigators said he had heavily invested in television stocks that failed.
MENTIONED IN THIS ARTICLE
Monte Carlo
Monaco
Riviera
Monaco Banking and Precious Metals Co
Constant Liambey
Cape Ferrat
France
First break seen in copper walkout in Arizona
Douglas Arizona August AP reports Phelps Dodge Corp and the International Triton of Mine Mill and Smelter Works agreed on a new contract signaling the first major break in the copper strike. The deal raises wages from 13.12 19.04 to 14.04 20.44 per day and introduces a new health and welfare plan.
MENTIONED IN THIS ARTICLE
Douglas
Not In Bag For Adlai Says McCormack Doubts Nomination
Rep. John W. McCormack, Massachusetts Democrat and House majority leader, warns the Democratic nomination of Adlai E Stevenson is not assured. He says the convention is open and hints a rival such as Averell Harriman could gain a large bloc with New England and Midwest allies. The talk notes Stevenson’s strength and fears of a dull one ballot result, while Republicans anticipate Eisenhower’s renewed campaign effort.
MENTIONED IN THIS ARTICLE
Adlai
Demo
McCormack
Ray Tucker
Washington
Adlai E. Stevenson
John W. McCormack
Massachusetts
House
Illinois
Capitol Hill
Sam Rayburn
Texas
Lyndon B. Johnson
Alfred E. Smith
Delons
New England
New York
New Jersey
Pennsylvania
Chicago
Stevenson
Averell Harriman
Venson
Democra
Stevenson Oltsili
Ske
Eisenhower
San Francisco
Also Mentioned on This Page
By Galbraith
T. M. Reg
U. S. Pat of
MEA Service, Inc
David Felts
Hanover House
Fletcher Pratt
Tion
Peoria
Arizona
U.S. Postal Guide
Sharon
Sanders
Rose of Sharon
Rosasharn
James F. Kirk
Lennox
Ion
Pete Edson
Appeals Court
Doris Fleeson
Sobgloff
James Eastland
Mississippi
Olen Johnston
South Carolina
Mr. Sobeloff
Fourth Circuit
John J. Parker
Harley Kilgore
Senate Judiciary Committee
Eastland
Johnston
Kilgore
Monaco Bank
Carmine G. DeSapio
Tammany
Harriman
James A. Farley
FDR
Roosevelt
Big Jim
Ste
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