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...Predict." The Government will spend $670 million less for defense housing. Funds for the Atomic Energy Commission were slashed by $90 million. Other savings range from a $2.8 million cut in State Department cultural programs to a $100,000 reduction in translating foreign-fishery reports. In addition, the President requested restoration of the recently canceled excise tax on cars and telephones, proposed to speed up tax collections and sell federal mortgages to private investors. Thus, with revenue from a 1966 gross national product estimated in the budget at $722 billion-up $46 billion from 1965's record-the Administration...

Author: /time Magazine | Title: The Budget: Cutting the Butter | 1/28/1966 | See Source »

Johnson admitted that his calculations were highly tentative. Said the President: "No one can firmly predict the course of events in Southeast Asia...

Author: /time Magazine | Title: The Budget: Cutting the Butter | 1/28/1966 | See Source »

...Commerce Department's report last week that housing starts jumped 14% from November to December, to an annual rate of 1,746,000. But almost all of those starts had been firmly planned for months before the Federal Reserve Board increased the price of money. In 1966, predicts Walter Heller, former chairman of the President's Council of Economic Advisers, the increase in interest rates will cut housing back to a point even below last year's disappointing 1,500,000 starts. Federal Reserve Board Governor Sherman Maisel, who strongly opposed the rate boost, figures that...

Author: /time Magazine | Title: Housing: It Will Cost More | 1/28/1966 | See Source »

...antimiscegenation law on the ground that it violated the 14th-Amendment right to equal protection of the laws. Not until 1964 did the Supreme Court reach the same result in McLaughlin v. Florida, and even then it did not quite overrule the 1883 precedent. But virtually all experts predict that Traynor's approach will ultimately prevail...

Author: /time Magazine | Title: Courts: Pioneering California | 1/21/1966 | See Source »

Disc-jockeys were asked to predict the outcome of the reader poll. They had to name the top artists and guess the order of their popularity. Salerno's choices most nearly conformed to the results of the reader poll...

Author: By Robert J. Domrese, | Title: WHRB DJ Wins Playboy Prize; A Week-End Date With Playmate | 1/21/1966 | See Source »

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