Dollar difficulty underscores fragile world monetary system
The editorial argues the international dollar crisis is deep and uncertain. It notes the Nixon administration resisted quick fixes and cites risks of inflation, eurodollar borrowing as a stopgap, and the need for US European cooperation to rebalance trade since 1969. It warns only gold remains a real substitute but is scarce.
MENTIONED IN THIS ARTICLE
U.S. Treasury
Europe
Lawmakers clash over B1 bomber program and costs
Congress weighs the B1 bomber amid Pentagon plans for three prototypes and an $11.4 billion estimate to buy 240 bombers, while critics seek deep cuts. Sen McGovern and Rep Seiberling urge trimming defense spending as Secretary Rumsfeld orders full evaluation of the aircraft against Soviet defenses.
MENTIONED IN THIS ARTICLE
Washington
Congress
Navy
Air Force
Nixon
Congress For Peace Through Law
C.P.T.L
George McGovern
D-N.d
John F. Seiberling
Ohio
Melvin R. ‘Baird
McGovern
Trudeau tightens passports amid Soviet espionage fallout
Prime Minister Pierre Elliott Trudeau tightens Canadian passport controls amid a long running Soviet espionage presence in Ottawa. Major General H J Van Der Berg of South Africa confirms a Soviet spymaster Loginov was captured in Johannesburg and planned to head an expanded Western Hemisphere network via Canada and the United States.
MENTIONED IN THIS ARTICLE
Pierre Elliott Trudeau
Able
Frances Knight
U.S
Foreign Office
External Affairs Department
Johannesburg
South Africa
Trudeau
H.J. van der Berg
van der Berg
Loginov
United States
Mikhailovich
Castro
Havana
Canada
FBI
CIA
Miss Knight
Canadian External Affairs Department
Harold A.R
Kim) Philby
Washington
Donald Maclean
Guy Burgess
London
Moscow
Philby
Burgess
Bodkin Hospital
Igor Gouzenko
Ottawa
Pyotr Pavlovich Melkishev
Melkishev
Col
Rudolf Abel
Gordon Londale
Guenther Maennel
Miami
Maennel
Haidee Tamara Bunke
Ernesto
Che) Guevara
East Germany
Humbolt University
Bolivia
Hardee Bunke
Camiri
Guevara Cabal
KGB
Anatoli Dolnytsin
Dolnytsin
Vasily V. Morzhechkov
Mexico
Dimitri Diakonov
Diakonov
Patrice Lumumba University
Hanoi
Mexico City
University of Mexico
Congresswomen Run Beauty Shop With Taxpayer Funds
In 1967 a House committee formed a private beauty shop using $15,000 from the contingency fund. Members Edith Green Martha W Griffiths and Margaret M Heckler led the effort. It paid back half the investment in year one and the remainder in year two. Last year the committee paid $8,000 in lieu of rent and the piece closes with a tongue in cheek note about Treasury needs.
MENTIONED IN THIS ARTICLE
House of Representatives
House
Edith Green
Martha W. Griffiths
Margaret M. Heckler
Ruble Is Internal Script In Soviet Exchange Policy
The article notes the Russian ruble is not convertible and is pegged by the Kremlin at an inflated value. It functions as an internal script, used only for domestic charges, while the Soviet Union settles with foreign currencies in recognizable money for international dealings.
MENTIONED IN THIS ARTICLE
Kremlin
Soviet Union
Winchester civic notes and church opening highlight local events
Clayton Adams is named president of the Winchester Junior Chamber of Commerce succeeding Lynwood DeHaven. Market Street Methodist Church opens and consecrates a new $150 000 educational building with Bishop Garber presiding. Seventy join the Winchester area chapter of the Virginia Museum of Fine Arts. Mrs W Holt Louder chairs the committee. Lt Bruce Nelson arrives in Washington after Pearl Harbor duty, meeting wife Louise Moore. Lions Club donates $200 float prize to Winchester Recreation Association for Rouss Park projects. Camp chief E B Cooper leads a two day Scout camporee north of Handley Boulevard.
MENTIONED IN THIS ARTICLE
Clayton Adams
Winchester Junior Chamber of Commerce
Lynwood DeHaven
Market Street
Bruce Nelson
Pearl Harbor
Washington
Louise Moore
E. Blackburn Moore
Daily Meditation On Religion And Its Value
Earl L. Douglas reflects on religion's role in life arguing that religion contributes to truth and growth. He rebukes atheism as unhappy and urges readers to think, pray, and read the Bible to understand life’s meaning and the guiding hand behind the world.
Bread and butter issue shadows Nixon aid dilemma
The piece argues that the bread and butter concerns of workers and consumers trap the Nixon administration in a bind. Inflation and unemployment persist, policy oscillates between high and low interest rates, and critics blame military spending for economic woes. John Connally is cited as urging caution while Republicans seek action.
MENTIONED IN THIS ARTICLE
Washington
Vietnam
Middle East
Nixon
Europe
John Connally
Treasury
No Argument Huntsville Times on Red Chinese Invite
The Chicago Sun-Times columnist Irv Kupcinet notes the surprise that Red Chinese invitation to America's table tennis team was achieved without dispute over the table shape. He highlights the calm, cooperative tone in the exchange.
MENTIONED IN THIS ARTICLE
Huntsville
Ala
America
Chicago Sun-Times
Irv Kupcinet
How's Your I Q A Quick Quiz Challenge
A reader quiz with ten questions covering history geography spelling and science. Questions include Mt Vesuvius burying two cities Her culaneum and Pompeii and asks for thePresidio city and the correct spelling of Peary along with simple true false and factual prompts.
MENTIONED IN THIS ARTICLE
Mt. Vesuvius
Herculaneum
U.S
Presidio
New England
North Pole
Robert Edwin Perry
Peary
Becky Thatcher
Tom Sawyer
Huckleberry Finn
Pennsylvania Ave
Also Mentioned on This Page
West Germany
By Jack Bell
Henry J. Taylor
Russia
Barry Goldwater
R-Ariz
Air Force Reserve
Senate Armed Services Committee
SRAM
Goldwater
The
Lions Club
Winchester Recreation Association
Rouss Park
E. B. Cooper
Handley Boulevard
Earl L. Douglas
William S. White
Dixie
Hot Springs
Business Advisory Committee
Hobson
I.Q
Winchester Evening Star
Kent St
Winchester
Advertising and Business
Jack, F. Davis
Eugene P. Miller
Douglas B. O’connell