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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Jun 06, 1969
Page
14
Washington AP reports hundreds of lenders may curb or end government guaranteed student loans, risking more than 640 million dollars in loans for about 730,000 students under the 1965 Higher Education Act. Banks cite rising interest rates and costs, warning the crisis could hurt needy students despite public defense loan programs.
A group of pilots reports aerial phenomena over central Illinois Thursday night may be meteors or a manmade satellite. Northwestern University astronomer Dr Hynek and VFON director Herbert Roth weighed meteors, satellites and signals while weather balloons were ruled out and Chanute AFB planned further checks.
The Illinois House approved an emergency administration measure to let the Building Authority raise its bond interest ceiling from 5 to 6 percent, aiming to ease bond sales. The move would lower financing costs for state building projects funded by bonds repaid from appropriated funds. Scariano resolution seeks Vietnam troop withdrawal and was sent to the House executive committee.
The Melbourne's captain described a night collision with the U S S Frank E Evans during exercises in the South China Sea. He cited 18 knot zigzagging and antisubmarine screening, with 119 aboard saved and 73 missing as the Evans sank. A joint US Australian inquiry is planned at Subic Bay.
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