Tax hike pushed to curb deficits and trust in dollar
Washington reports the Johnson administration urged quick approval of a 10 percent income tax increase to reduce mounting deficits and restore confidence in gold at 35 an ounce. Senate Finance Committee rejected attaching the measure to an excise bill as the Fed raised its discount rate to 5 percent amid tax and AFDC repeal drama.
MENTIONED IN THIS ARTICLE
Washington
UPI
Congress
Johnson
United States
Treasury
Henry H. Fowler
William McChesney Martin Jr
Federal Reserve Board
Fowler
Senate Finance Committee
Federal
Reserve Board
U.S
Bank of England
Financial Times
Gold markets seize as world suspends trading in crisis
London, Paris and other centers halt or curb gold trading amid Washington crisis talks on saving the dollar. France sees prices soar to 1400 per kilogram with frantic buying and market chaos. Britain closes gold market. Canada also suspends for first time.
MENTIONED IN THIS ARTICLE
London
UPI
Washington
U.S
France
Paris
Britain
United States
Canada
Charles de Gaulle
Hougen Letter Fight Highlights Regents Debate in Iowa
Iowa State Senator Chester C. Hougen charged prejudice under the State Board of Regents in a letter that the board rejected in principle. Regent Melvin H. Wolf voiced concern and the board withheld full release, noting it in minutes. The regents also ordered annual reports on faculty leaves and costs, to separate these from budgets amid calls for better disclosure to the legislature.
MENTIONED IN THIS ARTICLE
Cedar Falls
Iowa
UPI
State Board of Regents
Chester C. Hougen
Melvin H. Wolf
Waterloo
Stanley F. Redeker
Boone
Sen. Hougen
Redeker
Hougen
Review requested in embezzlement case in Cedar Rapids
Attorneys for a Cedar Rapids woman charged with embezzling more than $20,000 over three years asked that the charge be reviewed by the Linn County grand jury. The motion was filed in municipal court where the defendant, Mrs. Herman Randall, in her 40s, was to enter a plea. The article also covers unrelated UI Regents actions including contracts for $200,000, a $600,000 remodeling project at the Iowa Field House, and a proposed indoor pool costing up to $500,000 to $300,000, plus new doctoral programs and hospital air conditioning plans.
MENTIONED IN THIS ARTICLE
Cedar Rapids, Iowa
UPI
Cedar Rapids
Linn County Grand Jury
Herman Randall
Randall
Regents
University of Iowa
Oakdale Hospital
Porter-Brierly Associates
Des Moines
Iowa Field House
U of I
Westmoreland Leads Largest U.S. Offensive in Saigon
U S divisions under Gen William C Westmoreland launch Operation Certain Victory to clear the Saigon capital area of Communist forces. About 30 000 troops in five provinces pursue heavy combat and weapon dumps as overrun reported along with house to house hunts in Saigon. Weather outlook Iowa: clear to partly cloudy tonight cooler southeast portion tonight Saturday fair and warmer.
MENTIONED IN THIS ARTICLE
Saigon
UPS
U.S
William C. Westmoreland
Vietnam
Westmoreland
United Press International
United States
Junction City
U.S. Army
Guerrilas
Iowa
Percy urges Viet Cong talks for peace with Vietnam
Sen. Charles H. Percy told Playboy that the United States should negotiate with the Viet Cong as well as North Vietnam because the VC would continue fighting for their country even if Hanoi signs an armistice. He stressed offering assurances and political support in free elections and noted Hanoi’s ridicule of such proposals. He recounted a December Viet Nam trip under mortar fire near Dak Son, including a helicopter escape, a near-miss and a humorous aside about his garters.
MENTIONED IN THIS ARTICLE
Chicago
UPI
Charles H. Percy
United States
South Vietnam
Hanoi
Illinois Republican
Playboy Magazine
Percy
Illinois
Vietnam
Dak Son
Ho Chi Minh
McCarthy Confident As Kennedy Faces Uncertain Future
UPI report notes two new senators on Capitol Hill Eugene McCarthy, upbeat after victory in New Hampshire, and Robert F Kennedy showing gray hair and doubt as he weighs his stance. Brothers Kennedy attend Senate session while discussions swirl about McCarthy's presidential bid and possible Damaging splits among Kennedy backers. The piece suggests McCarthy could seek the presidency, or be kept as a running mate to Humphrey, shaping party strategy ahead of nominating fights.
MENTIONED IN THIS ARTICLE
Washington
UPI
Senate
Eugene McCarthy
New Hampshire
New York
Robert F. Kennedy
Capitol
Kennedy
McCarthy
Sen
Edward M. Kennedy
D-Mass
Robert
Bobby
Hubert H
Humphrey
United Nations
Britain presses U S to act as gold rush bites
London reports a three day weekend for the United States to halt the worldwide gold stampede. Officials urge drastic U S measures, including a 10 per cent tax surcharge, to restore confidence and steady the dollar after a deepening balance of payments crisis.
MENTIONED IN THIS ARTICLE
London
UPI
Britain
United States
Wall Street
Washington
U.S
Pickets march at Mt Pleasant beauty shop over denied service
About 35 pickets demonstrated in front of Jenny's Beauty Salon in Mt Pleasant Iowa after two Iowa Wesleyan coeds Debbie Boyd 19 of Washington DC and Jacqueline Chris of Chicago said they were refused service The owner Jenny Foggy said she lacked training and equipment to work on Negro hair and the shop was full The protest lasted over an hour with signs reading We Shall Overcome and This Establishment Violates Our Civil Rights Iowa Wesleyan a Methodist affiliated college enrolls about 950 students.
MENTIONED IN THIS ARTICLE
Mount Pleasant
Iowa
UPI
Iowa Wesleyan
Washington County farmers to divert more feed grain acres
Washington County farmers will divert more acreage in the 1968 feed grain program. ASCS reports show 910 farms signed up, with an expected diversion of about 31,000 acres, up from last year’s 729 farms and 16,500 acres. Signups end at 5 p.m. today.
MENTIONED IN THIS ARTICLE
Washington County
ASCS
Also Mentioned on This Page
Brokers Battle
Stock Exchange
Credit Foncier
Michelin
Zurich
Johannesburg
Harold Wilson
Roy Jenkins
House of Commons
Khe Sanh
Dmz
Harling
Howard R. Bowen
Iowa General Hospital
R. Wayne Richey
Joseph W. Grigg
DECA
Ralph Barrelt
Betty Brown
Shirley Banks
Linda Bonebright
Journal
Helen Gilbert
Mt. Pleasant
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