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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
May 12, 1971
Page
3
Congress begins a major update of bank regulation with two weeks of House hearings. Lawmakers weigh prohibitions versus flexible guidelines while targeting interlocks, brokered deposits, equity kickers, and links between banks, lenders, and corporate credit. The Nixon administration backs a flexible approach as mid June language is drafted.
Dr Reginald G Bickford of UC San Diego describes a new computerized system that reduces 150 pages of brain wave readings to one page in under five minutes. The method highlights abnormal activity as peaks and aims to speed diagnoses by delivering outputs directly to clinicians.
In Sacramento Nancy Reagan, wife of Governor Ronald Reagan, says she hopes he will not run for office again. She cites harsh political attacks and the couple's tax history, noting they paid federal and state taxes and millions overall, and criticizes opponents who used tax issues against him.
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