Congress to weigh reviving regulation W to curb installment buying
Washington reports Sen. Joseph C. O Mahoney predicts next session will consider restoring WW II regulation W to curb credit expansion through minimum down payments. Sen. Warren Magnuson backs restraint, while Sen. Pat McNamara criticizes the move as a "full head of steam" in the hard money crusade. Federal actions include higher rediscount rates by the Fed and tighter mortgage terms by FHA and VA to avert inflation. The issue centers on protecting local dealers from national competition and potential recession fears.
MENTIONED IN THIS ARTICLE
Washington
Joseph
C. O'Mahoney
D-Wye
Congress
Warren Magnuson
D-Wash
O'Mahoney
Federal Reserve Banks
Federal Housing Administration
The
Veterans Administration
Pat-Me-Namara
D-Michi
Sen. Magnuson
Federal Reserve Board
Pretty Ulla Sparks All Season Skiing At Timberline Lodge
Ulla Kehnstamm, a Swedish-born resident, showcases year round skiing on Mt Hood using a Sno Cat powered system at Timberline Lodge. The resort, built 1936 38, features a 96 foot high central fireplace and extensive Northwest art. Ulla runs a lodge shop selling Swedish imports while tourists enjoy trout fishing, horseback trips, golf, and Friday folk dancing.
MENTIONED IN THIS ARTICLE
MT. Hood
Oregon
iUa Kehnstamm
Ulla
Timberline Lodge
Works Progress Administration
Portland
Tim Turner
Howard Gifford
Deschutes
Palmer Snowfield
Ula
Austrians Take Over Policing Russian Souvenirs
Seventy five Austrians are assigned to two to three years of munitions disposal after the Red Army leaves. They will handle unexploded bombs, shells, mines, and faulty ammunition left across lower Austria, especially at Dollersheim where 45,000 Soviet troops were stationed. The unit has cleared thousands of acres and destroyed over 15,000 tons of ordnance since 1945, with several fatalities and many injuries among its ranks.
MENTIONED IN THIS ARTICLE
Vienna
Red Army
Dollersheim
Lower Austria
Austria
Hitler
Alps
Ex Red Agent Petrov Fears For His Life
Vladimir Petrov, once third secretary at the Russian embassy in Canberra and alleged head of a Soviet intelligence network in Australia, broke with Moscow last year and sought political refuge. Now in fear for his life, he hides in Sydney among European migrants, guarded by Australian security agents and a few friends.
MENTIONED IN THIS ARTICLE
Sydney
Nana
Vladimir Petrov
Secret Service
Petrov
Canberra
Dominion
Australia
R. G. Menzies
Chase
Kravchenko
Canada
Australian Royal Commission
Via Veneto Rome Rivaling Champs Elysees as World’s Gayest Street
Rome’s Via Veneto, a shaded thoroughfare from Borghese gardens to Piazza Barberini, hosts a nonstop parade of famous faces and cosmopolitan chatter. Cafes Doney’s Rosati’s and Strega’s attract stars, artists, exiles, and shoppers, serving as social hub, office, and marketplace. De Sica noted among the crowd as reporters prepare follow up on the scene.
MENTIONED IN THIS ARTICLE
Rome
Paris
Champs Elysees
Via Veneta
Borghese Gardens
Piazza Barberini
Via Veneto
Doney
Secret Study Staff Aims World Peace Under Secrecy
Nine young men in the U S Government form an interdepartmental group called SSS special study staff to the president. Directed by Harold Stassen, the body pulls experts from State Defense Atomic Energy Commission foreign aid and intelligence agencies to explore disarmament paths. Reports are top secret and only gain public meaning upon presidential adoption. The staff was organized after Stassen became special assistant on disarmament and toured Quantico Marine base for initial setup.
MENTIONED IN THIS ARTICLE
Washington
NANA
U. S
SSS
Harold FE. Stassen
Defense Departments
Atomic Energy Commission
Foreign Aid Program
Army
Navy
Air Force
Stassen
Marine Corps
Quantico
Experts Eye Shape of Things in Miss Exquisite Form
New York judges of the Miss Exquisite Form contest wrestle with evolving standards of female beauty as United Artists draws 163000 hopefuls across 230 theaters in the United States and Canada. The panel debates how form defines exquisiteness from Venus de Milo to Grace Kelly and Marilyn Monroe, with modern slim silhouettes gaining favor over earlier figures.
MENTIONED IN THIS ARTICLE
New York
Nana
United Artists
United States
Canada
Venus de Milo
Jerandma
Lappe
Mae West
Jane Russell
Marilyn
Monroe
Grace Kelly
Russell
Patterson
Beauty
Lillian
Hanau
Goldwyn
U S Fears Air Fields In Danger In Europe
United States Air Force orders accelerated construction of bases in Spain amid Arab nationalist uprisings in Morocco. Four large atomic bomber bases in North Africa are not yet in direct danger and have seen no incidents.
MENTIONED IN THIS ARTICLE
Wiesbaden
Germany
NANA
U. S
Spain
Morocco
North Africa
Tangier Braces For North Africa Riots Reach City
Tangier, population about 200000 near the Gibraltar Strait, fears spreading violence as unrest spreads across North Africa. Local officials report precautionary measures to maintain order amid rumors and potential influx of refugees. The city, described as a “Switzerland of North Africa,” awaits developments with wary caution.
MENTIONED IN THIS ARTICLE
Tangier
Nana
Gibraltar Strait
Switzerland
North Africa
Air Force eyeing North Africa bases amid Franco talks
Air Force officials warn North African disorder scale may grow, while Spain bases near Madrid promise faster construction. Five bases are under way at Torrejon Valenzuela Moron de la Frontera San Pablo and a naval depot near Cadiz with a fuel pipeline planned to Rota. Key issues include security responsibility and Spanish access to bases and atomic weapons storage remains unresolved.
MENTIONED IN THIS ARTICLE
Torrejon
Madrid
Valenzuela
Zaragoza
Moron de la Frontera
Seville
San Pablo
Cadiz
Air Force
U.S
Rota
Bay of Cadiz
United States
Francisco Franco
Franco
Also Mentioned on This Page
Mt. Hood Slope
Pretty Ulla
Ostersund
Sweden
Richard
Timberline
Lake Arrowwhead
California
Lake Arrowhead Lodge
Red
Arthur Morley
Champs
Eisenhower
Stassén
By Omer Anderson
France
U. S. Air Force
Europe
Syria
Lebanon
Indo-China
Harold Talbott
Instau Itumn
Air Porce
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