Inflation and National Debt Explained
The article discusses the large U S national debt around 450 billion dollars and the difficulty the public faces in grasping such sums. It uses simple arithmetic to illustrate how quickly money increases by powers of ten and questions how high debt may rise.
MENTIONED IN THIS ARTICLE
United States
Agnew Champions Self-help Message to Boys' Clubs
Vice President Agnew tells the Boys' Clubs of America board that relying on federal money erodes private support and narrows aims. He lauds the private, century‑long effort to serve boys, noting the goal of 1,000 clubs serving over one million youths and urging broad backing of self‑help principles.
MENTIONED IN THIS ARTICLE
Agnew
Board of Directors of
Boys’ Clubs of America
Washington
Crane
Weber
Barry Goldwater, Jr
R-Calif
Big
Justice Brandeis
Joe Montoya
D-N.m
FDA
Edwards
Tip O'Neill
On This Date in History and Currency Reflections
The June 28 1972 AP digest notes Archduke Francis Ferdinand's 1914 Sarajevo assassination sparking WWI and other historic markers. It also frets about inflation, currency debasement, and the burden of debt, comparing dollars to other currencies and recounting rising money supply trends.
MENTIONED IN THIS ARTICLE
Associated Press
Austria-Hungary
Francis Ferdinand
Sarajevo
Bosnia
Monmouth
N.J
United States
Panama Canal
France
Yugoslavia
Chicago
New York
Thomas E. Dewey
Philippine
Luzon
U.N. General Assembly
Britain
Rhodesia
King Hussein of
Jordan
Washington
Lyndon B. Johnson
U.S. Supreme Court
Richard Rodgers
William F. Ryan
Conformity Incoming as Hippies Face the Convention
Miami columnist argues that the counterculture will be tamed by convention structure and committees. He cites planned Hippie leadership, mock schedules, and the clash between anarchist ideals and organized process, urging activists to join or reform through orderly participation.
MENTIONED IN THIS ARTICLE
Miami
Fla
Ellis Rubin
Scott Dine
Scott
St. Louis Post Dispatch
National Association of Manufacturers
Gay Liberation Front
The
Elks Club
Kiwanis International
Paris
Genghis Khan
Tip Notch
McGovern Alters Views on Platform and Wording
Washington is told Sen George McGovern seeks a bland Democratic platform to broaden appeal. He may drop hard demands on defense cuts taxes welfare reform busing abortion amnesty and marijuana while allowing room for debate among delegates.
MENTIONED IN THIS ARTICLE
Marianne
Washington
George McGovern
McGovern
Frank Mankiewicz
California
New York
Ted van Dyk
Sen
Henry Jackson
Senate
van Dyk
Jackson
Hubert Humphrey
Florida
Democrats Cozy With AT and ITT Sparks Miami Convention Bid
Washington column by Jack Anderson details Democratic National Committee files showing AT&T offered to supply convention communications for about 75 000 while an independent ITT affiliated firm bid 1 7 million. AT&T then proposed to provide service at bargain rates if the 1972 bills were paid.
MENTIONED IN THIS ARTICLE
Jack Anderson
Washington
At&t
ITT
Democratic National Committee
Miami
General Communications & Electronics of
Nashville
National Committee
Independent
Our Fault or Our Ports The Intermodal Debate
John Chamberlain discusses U S cargo diversion to Canada driven by an intermodal system and regulatory hurdles. Helen Bentley criticizes antiquated U S law and agencies like the Interstate Commerce Commission and Federal Maritime Commission for hindering intermodal movement and port competitiveness.
MENTIONED IN THIS ARTICLE
New York
U.S
Canada
Helen Delich Bentley
Baltimore Shipping News
Richard Nixon
Federal Maritime Commission
Ottawa
J.W. Pickersgill
Canadian Transport Commission
Bentley
Interstate Commerce Commission
United
West Virginia
United States
Congress
Altute
Thurman Arnold
Europe
America
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L. Edward Kelly Jr
China
Japan
Karma
Thomas Paine
Che Guevara
Dixie
Amalgamated
Walt Kelly
Fellas
Rubin
Signs OF the Times
News Syne
Dick Murphy
Southern Bell
Food and Drug Administration
Erwin Weber
Highland Manufacturing and Sales
Phil Crane
R-Ii
John Chamberlain
Graffith
Reader
ySque Lépry