Kennedy trade program clears Ways and Means vote
Washington dispatch reports President Kennedy's trade adjustment package clearing the House Ways and Means Committee by 20 to 5. The plan seeks reciprocal tariff reductions over five years with authority to bargain with the European Common Market, plus provisions for workers and firms harmed by imports. Major change debates centered on financing and agency structure, with a new chief negotiator post created to lead negotiations.
MENTIONED IN THIS ARTICLE
Washington
Kennedy
House — Ways and Means
United States
House
Ways and Means
Congress
New Frontier's top bills stalled in Congress
Congress has yet to send any top Kennedy program bills to the President. The trade tax and medical care measures stall in committee. foreign aid and farm bills face delay. Jurisdiction disputes slow a lone Treasury and Post Office appropriation. Adjournment prospects grow as Senate and House work delays persist.
MENTIONED IN THIS ARTICLE
Washington
Congress
Kennedy
House
Ways and Means Committee
Senate Finance Committee
Ways and Means
Senate
Rules Committee
Treasury
Post Office
Appropriations
United Nations
House Foreign Affairs Committee
Conference
Finance Committee
Rep. H. R. Gross
Iowa
Humphrey asks stockpile hearing in Senate probe
Former Treasury Secretary George M. Humphrey requests to appear personally before a Senate subcommittee investigating the national strategic stockpile. He says the public must be fully informed and denies misconduct, citing cooperation by Hanna Co. and access to records in Cleveland and Oregon. Morgan-Powell, renowned Canadian drama critic, dies at 89 on his birthday.
MENTIONED IN THIS ARTICLE
Cleveland
HTNS
Secretary of the Treasury
George M. Humphrey
Senate
Stuart Symington
D.-Mo
Humphrey
M. A. Hanna Co
Sen. Symington
Sen
Symington
Treasury
Eisenhower
Hanna Company
Oregon
Tme
Harma Co
Montreal
UPI
Morgan-Powell
Canada
Ohio laundry workers to get 1 dollar wage floor
A nine member Minimum Wage Board recommends a 1.00 per hour floor for women and minors in Ohio laundry plants with staged increases to 1.25 by January 1, 1965. The plan, approved 6 to 3, awaits final ruling from Industrial Relations Director Margaret A. Mahoney.
MENTIONED IN THIS ARTICLE
Columbus
UPI
Margaret A. Mahoney
Maurice Maschke Jr
Wilson Leece
Ohio Laundry Owners Association
Florence Smith
Afl-Cio Laundry and Dry Ceaners International Union
Cincinnati
Profit squeeze myth and cash flow in AFL CIO study
American Federationist reports that if profits were reported accurately the profit squeeze is a myth and no extra tax allowances are needed for capital investment. A AFL CIO study says cash flow, not profits, reveals true conditions, with depreciation counted as spendable cash. 1953 to 1961 profits drop would show as cash flow increase from 8.2% to 9.2%.
MENTIONED IN THIS ARTICLE
American Federationist
Aflcio
Afl-Cio
Blough urges tax reform bill for depreciation boost
Ken nedy administration should sponsor a tax bill providing basic depreciation reform to spur cash flow and capital investment, says Roger M. Blough, board chairman of United States Steel. He warns current proposals offset by new taxes will fail to raise investment and calls for government business cooperation and clearer lines against profit squeeze.
MENTIONED IN THIS ARTICLE
Atlantic City
N. J
Kennedy
Roger M. Blough
United States Steel Corp
Congress
Blough
Bleuch
Storm
Edison Electric Institute
Pras Ast Ingiante
Geidenes Blough
Common Market Raises Tariffs Affecting U S Trade
The Common Market pressed retaliatory tariff hikes on carpet and glass amid U S protests over Kennedy trade expansion. Belgian push to include soya oil and cotton was blocked by other members. A formal note to Washington was prepared. measures could take effect July 17 if changes aren’t rescinded by June 17.
MENTIONED IN THIS ARTICLE
U.S
Washington
United States
Kennedy
Congress
Free World
Common Market
Grant funds study of 150 million tests in U S schools
The Carnegie Corp. awards 333000 to Russell Sage Foundation to examine social consequences of standardized tests over three years. The project will survey public attitudes and then study effects on children, parents, and teachers in 72 to 50 schools, covering elementary to high school.
MENTIONED IN THIS ARTICLE
New York
HTNS
U.S
Carnegie Corp. of
Russell Sage Foundation
Sage Foundation
Stennis criticizes censorship of military statements in secret sessions
Sen John Stennis of Mississippi urged curbs on editors and officials redacting speeches for executive congressional sessions. He warned public statements differ from secret testimony and pledged a strong recommendation to end censorship of statements to be used in executive sessions. Other Senate actions included tax and foreign aid debates.
MENTIONED IN THIS ARTICLE
Washington
UPD
John Stennis
D-Miss
Senate
Defense
State Departments
Stennis
George W. Ball
Full Armed Services Committee
Pentagon
Senate Finance Committee
Treasury
Douglas Dillion
John M. Sparkman
D-Ala
United States
Senate Foreign Relations Committee
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Don Irwin
Commerce
Jack N. Berkman
Dactaive Rell
Gee MS Cw SR
United
Ee Remnetad
Abanaabe
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Inga IV. Ivmasam
Viclot
A. Knox
Mich
James B. Utt
Calif
Jackson E. Betts
Ohio
Bruce Alger
Tex
John W. Byrnes
Wis
Pias
Prust Rules Committee
Tariff Commission
Tthe
New Frontier
Rowland Evans JR
Puerto Cabello
Venezuela
Edward A. Wilson
Herald Tribune
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USA
Billie Sol Estes
Department of Agriculture
National Safety Council
Chicago
Tice J. Vincent Keoga
New York Supreme Court
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Chile
Gustavo Fricke
Latin America
Upham & & Severa
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Rolleston
England
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Edward Heath
House of Commons
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Air France
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Msgr
Alberto Giovanetti
Vatican
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London
George Keough
Berlin
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Richard Coury
Atlanta
Ivan Allen
By Joel Seldin
Terhedy
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Sen. Stennis
the Chronicle-Telegram
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