European Stars And Stripes (Newspaper) - April 13, 1962, Darmstadt, Hesse                                The stars and stapes Kennedy orders sweeping review of financial policies studies could rewrite your bin by 1bdwabd Cowan Washington Dpi presi Dent Kennedy has directed the Ejub of 13 Federal agencies Tom Lgee three separate but related studies which May affect the pocketbooks of virtually every " the Agency chiefs agree on com influence perhaps a Erly 1963 such things As the Tate rest rate on Home Loans underwritten by the govern ment and possibly the interest rate of ail Home. Loans. Interest rates paid on Deposit sin Franks and on share accounts in saving and loan . F opening of new Bank branches banking Competition and Bank services offered to individuals and businesses. Investment of the billions of dollars in pension funds. Investments which earn the Money paid out to retired persons. These Are but a few of the questions to be considered in the three studies. As outlined by the presi Dent in three separate March 28 directives setting them up the studies Deal with financial institutions chiefly Banks savings and loan associations life insurance companies Mutual savings Banks. A 10-Manstudy committee is headed by Walter w. Helier chairman of or. Kennedy s Council of economic advisers. Federal credit programs both direct Loans and loan insurance and guarantees. Treasury Secre tary Douglas Dillon Heads the four Man study group. Corporate pension funds another private retirement and Wel fare programs. Labor Secretary Arthur j. Goldberg is head of a seven Man group. Others on the committees some sit on More than one Are the Heads of the Justice agriculture and health education and welfare departments the Budge Bureau Federal Reserve Board securities & Exchange commis Sion housing and Home finance Agency Federal Home loan Bank Board Federal Deposit insurance corp. And the comptroller of the currency. Together these men represent variety of Points of View and interests labor formers Banks securities dealers savings and loan associations Home builders Cit planners economists worried about growth economists worried about avoiding inflation Trust busting and so on. Each of the 13 officials also looks out for or is supposed to the Public interest nobody knows exactly what that is. As Good a definition As any is the sum of All private interests one of those cases were the whole is greater than the sum of the parts. The task or. Kennedy has set Forth for his 13 Agency chiefs amounts to a review of the major s behind the supersonic Airliner lag a Sukk Zunft up it is now apparent that the United state plans to get there latest with the mos test in the development of supersonic Airliner. Federal aviation Agency Faa administrator Najeeb �. Halaby said As much in a speech before the society of automotive Engi neers. The a a chief acknowledged that Russia As Well a Britain and or France probably will boat this country to a Fasler than sound transport. But Halaby pointed out that Russia is doing with the super sonic Airliner exactly what it did with the Tuler the soviet Union s first Jet. Namely the reds Are rigging a supersonic bomber to look like a transport Halaby also noted that the  French supersonic project involves a Mach 2 plane capable of going twice the Speed of sound. He said us plans Call for a mach3 Type which must involve new alloys to resist the heal generated by 2,000-mile-an-hour speeds. A Mach 2 Airliner could be built wit conventional metals which is Why the British arid French probably Witt introduce their transport first Haraby s speech revealed Hatai Peduca s supersonic Airliner will be far More versatile than any thing being planned overseas. He said tire United states wants after bile transport that will be equally efficient at Mach .854&rejent Jet speeds Mach 2 or Mach 3. To Ere have been warnings tha America s finishing third would Clye Russia Britain and France huge Lead not Only in a propaganda at in. The More practical of sales but Halaby has considerable evidence against the possibility. Shia the United state Spoor third in develop of eur Winic jetliners. Britai introduced the Comet in 1952,-six Bead of America Boeing four years ahead of Tush it approximately. Every five Jet trans flying today Are american Mountain men this photo distributed by Raite Nacional a in Wibray an anti Castro group purportedly shows Leaden of cuban guerrilla in the Scambray mountains to coordinate their respective military zone of operation against Castro. United press International financial institution american Economy. There is a Good Chi Kennedy will Prokott Moat or All of what committees recommends the questions the will consider May Little importance to person. But Many of have considerable nary individuals and for example More on How Banks an loan associations May assets could improve and lower interest rat that in turn a outings on instalment Home Loans the credit cards and things in which interest expulsion or greater availability of and lower borrowing stimulate capital inv Ness expansion i incomes Prosperity against this Prospect weighed the danger that Sti Tutins would abuse Freedom by making let vestments a risk to their tors and stockholders a More Liberal policy on ing of Banks which is stricter in some states by Law might also contribute to Ness expansion and pros would it help big Bank Small ones should Federal credit pie pand in time of recess ii shrink when the Economy vane ing strongly Ore More constant keenly debate do pension funds lock ploys prevent them Froming firms or lines of work such immobility contribute economic inefficiency Down adjustment to change impeding business growth these Are keenly debated among economists financier Elfr newsmen corporate labor leaders and Public the finding of or. 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