Johnson unveils tax, travel controls to curb dollar drain
President Johnson proposes a New Year program centered on higher taxes, a 10 percent surcharge, and mandatory controls on investments abroad. He urges Americans to travel within the hemisphere, seeks travel restrictions and expense limits, and aims to cut dollar outflow by about $3.5 to $4 billion. Congress may revisit the plan later this month.
MENTIONED IN THIS ARTICLE
Washington
Johnson
U.S
Congress
Henry H. Fowler
Secretary of the Treasury
Johnson City
Tex
Britain
United States
Federal Reserve Board
Commerce Department
Europe
South Africa
Australia
Canada
New York
Dollar climbs in London and Paris amid U S policy move
European reaction centers on Johnsons bid to curb American money flows with new controls. The dollar rose in Paris to 4.9140 francs and in London to 2.40325 pounds as U S measures limit overseas travel and investments. Bears caution on tourism and investment, with Western Europe facing a potential hit to economies and trade.
MENTIONED IN THIS ARTICLE
London
Paris
Johnson
U.S
Bonn
Willy Brandt
Nicholas Katzenbach
Washington
Britain
West Germany
Eugene V. Rostow
Eisaku Sato
Australia
Zurich
Europe
Cape Town performs another heart transplant in 56 year old dentist
Dr. Christian Barnard and team completed a five hour heart transplant at Groote Schuur Hospital replacing a 56 year old dentist’s heart with a donor heart from a man who collapsed from a brain hemorrhage. The patient’s condition was reported satisfactory and the new heart began beating on its own.
MENTIONED IN THIS ARTICLE
Cape Town
South Africa
Christian N. Barnard
Groote Schuur Hospital
Barnard
Louis Washkansky
Philip Blaiberg
Clive Haupt
Haupt
Blaiberg
Washkansky
Fish Hoek Beach
Jill
Israel
Haifa
Brooklyn
N. Y
Adrian Kantrowitz
Eileen
Shawneetown Fire Rages Through Downtown Block
Firemen from seven communities battled a 12 hour blaze in downtown Shawneetown starting at 2 a.m. in the Federated Dry Goods Store basement. Water shortages and subzero temps hampered efforts as trucks from Peabody Coal Co. supplied water. The fire affected multiple shops including an auto supply, a variety store, jewelry shop and barbershop.
MENTIONED IN THIS ARTICLE
Shawneetown
Charles Henshaw Federated Dry Goods
Peabody Coal Co
Federated
North City
New Haven
Carrier Mills
Eldorado
Ridgway
Harrisburg
Icy Weather Spreads East Across United States
The Associated Press reports winter conditions grip much of the nation with sub zero cold entering the Great Plains and the Midwest reaching the East. Hazardous driving warnings span an 11 state area from Wyoming and Colorado to Kentucky and Tennessee as snow drifts affect the central Rockies. Freezing rain and sleet create dangerous roads from Kansas to the southern Appalachians with record low temperatures recorded in New York and Maine.
MENTIONED IN THIS ARTICLE
Associated Press
Great Plains
Midwest
Wyoming
Colorado
Kentucky
Tennessee
Rockies
Kansas
Appalachians
New York
Maine
Burlington
Portland, Maine
Albany, N.Y
Weather advisory for freezing drizzle and light snow
A travel warning indicates glaze and travel risk tonight with freezing drizzle changing to light snow. Temperatures fall to the low 20s tonight and remain in the 20s Wednesday with intermittent precipitation.
Addicts Riot at California Rehabilitation Center
At the California Rehabilitation Center in Norco inmates rioted for six hours starting just before midnight. About 1,800 of 2,000 male inmates were involved as fires burned four buildings including a canteen and educational offices. Four inmates were wounded by gunfire, two seriously, and treated at the center hospital. Police and fire crews faced rocks bottles and debris during the clash with 300 officers.
MENTIONED IN THIS ARTICLE
Norco
Calif
California Rehabilitation Center
Airline Stocks Fall As Johnson Urges Hemisphere Travel
The AP reports airline stocks slipped after President Johnson urged tourists to travel within the Western Hemisphere to help reduce the U.S. balance of payments deficit. Major airlines faced declines while the Dow rose slightly. Trans World Airways dropped about four dollars, Northwest Airlines fell about two, Pan American World Airways down around one, and World Airways down one.
MENTIONED IN THIS ARTICLE
New York
Johnson
U.S
Trans World Airways
Northwest Airlines
Pan American World Airways
World Airways
Nerve-racking Cuba run ends for Miami stewardess
Beatrice del Peralta a French-born U S citizen who served as stewardess on National Airlines flight 901 between Veradero and Miami ends a four month stint. The 45 minute flight carried 90 Cuban exiles weekly as flights pause for Cuba anniversary. She plans to marry in June and hopes to translate using her language skills.
MENTIONED IN THIS ARTICLE
U.S
Cuba
Veradero
Beatrice del Peralta
National Airlines
Miami International
Fidel Castro
Miss del Perugia
University of Miami
Saigon seizes U.S. cars over registration lapse
About 300 official U.S. Mission cars in Saigon were impounded for lacking proper TN series registration plates. The action followed a paperwork foulup by both the mission and the South Vietnamese government. Thousands of forms were filed late or not processed, with some cars still awaiting reregistration. Separately, South Vietnam refused to renew Newsweek Saigon bureau chief Everett Martin’s visa and ordered him to leave within seven days. the move deepens tensions over critical coverage.
MENTIONED IN THIS ARTICLE
Saigon
South Vietnam
U.S. Mission
U.S
Mission
Military Assistance Command
U.S. Agency For International Development
Joint
U.S. Public Affairs Office
Central Intelligence Agency
Newsweek
Newsweek Magazine
Everett Martin
Martin
Ngo Dinh Diem
James Robinson
National Broadcasting Co
Francois Sully
Johnson names Okun as youngest CEA chair in history
President Johnson designates Arthur M. Okun a 39 year old economist to succeed Gardner Ackley as chairman of the council of economic advisers. Ackley to become U S ambassador to Rome. Okun will take the $30 000 a year post after Senate approval with no immediate replacement named. Johnson signs four bills aiding servicemen from the LBJ Ranch.
MENTIONED IN THIS ARTICLE
San Antonio
Tex
Johnson
Arthur M. Okun
Gardner Ackley
Council of Economic Advisers
Okun
Lbj Ranch
America
Ackley
U.S
Rome
Texas White House
Senate
Truce Breach Triggers Bloodiest Vietnam Exchange Yet
Viet Cong forces of 2,500 attacked the U S 25th Infantry Division camp near Dau Tieng eyeing a 48 hour Tet truce. About 500 American troops held the line at the base camp while U S aircraft resumed air operations as casualties mounted and both sides reported losses.
MENTIONED IN THIS ARTICLE
U.S
Black Virgin Mountain
Saigon
North Vietnam
Hanoi
United States
U.S. 25Th Infantry Division
Michelin
Dau Tieng
Deadly gas and fire clear Dunreith Indiana after train crash
A derailment and collision between two freight trains near Dunreith Indiana triggered explosions and a massive fire. Firefighters withdrew as deadly gas seeped from the wreckage prompting evacuations of the town’s 236 residents and closure of a three mile zone.
MENTIONED IN THIS ARTICLE
Indiana
Dunreith
Ind
State Board of Health
Brook Appleby
Butterfield Canning Co
Pennsylvania Railroad
Penns
W. R. Sheets
Zionsville
Mabel McGuire
Indianapolis
Also Mentioned on This Page
Dollar
Cape Town Dentist
Miami, Fla
Inside Classified
Family Living
Wright Patterson Air Force Base
Dayton
Ohio
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