Oshawa Times (1958-), 3 Dec 1965, p. 28

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a "2 THE vVenawa times, rricey, Decemper 3, seen W088 Record Prosperity In US. No Inflation, Forecast By LBJ jever alert to danger signs, of course, and when we see them, we will act accordingly. But we do not anticipate any major problem that confidence and co- JOHNSON CITY, Tex. (AP)jdiscussion of potential inflation- President Johnson told U.S. bu-jary pressures in the months siness leaders today he expects|ahead. record prosperity without infla~ Said Johnson: tion in 1966. He called for wage-| "I have said it before. I say price restraint to help achievelit again now. This nation is that. ready to talk, unconditionally, In'an address prepared for de-|a@nywhere, with peace as our livery by telephone to the busi-|agenda." ness council, meeting in closed ng: session in Washington, Johnson/ence, an unofficial government called for co-operative decisions|@dvisory group, included many by industry, labor and govern- of the biggest names.in Amer- ment to keep wages and prices|ican business -- presidents and in line with federal guideposts board chairmen of the largest designed to guard against infla- corporations. Johnson's long-distance audi- For: them he offered this|5 don. At the same time, he restated his offer of unconditional talks aimed at ending the Viet Nam conflict--an increasingly costly war that has sparked public forecast: /EXPECT RECORD YEAR another record year for the operation cannot solve." risen 1.8 per cent. stabilized," ext year. and consumer prices have been advancing at a rate of less than "We expect next year to bejone per cent a year." Johnson said that while needs American economy. We arelare growing--partly because of The president noted that wholesale prices have risen 2.3 per cent in the last 12 months while consumer prices have "This situation has now fairly he 'said, "and we 'do not expect such an outbreak In the last four months both wholesale prices Fun's Only Fare Since 'Camelot By BOB THOMAS PALM SPRINGS, Calif. (AP) As soon as he walked in the door, Frederick Loewe kicked off his shoes and loosened his tie. Loewe had returned from ded- ieation ceremonies at the Palm Springs Hospital, to which he has donated musical royalties that may amount to $1,000,000 plus other gifts of cash. It was a significant but brief interrup- tion of the composer's daily routine, which is devoted to the pursuit of pleasure. A small man whose energetic the Viet Nam war--the economy is growing, too. "We can produce the goods and services we require with- out 'over « heating' our econ- omy," he asserted. he can lve like a king--and he. does. He spends two summer} months aboard his yacht on the Riviera and takes September to tour the major capitals--Paris, London, Vienna, New York. Then he returns here for nine months amid the desert scenery manner belies the fact that he|he loves. : suffered a massive heart attack| Born in Vienna 64 years ago, eight years ago, Loewe sat down|Loewe came to the United) in his. luxurious living room to|States in 1924 as a concert plan-| explain his withdrawal from the jist. world of the musical theatre. "My first 21 years here were "I quit on Dec. 3, 1960, the|extremely lean," he said, "It night that Camelot opened on|wasn't until 1945 that Lerner Broadway," he said, "I said Ijand I had our first success, The wasn't going to work any more.|Day Before Spring. s I was asked if that meant I/ He referred to his longtime was retiring. 'No,' I said, 'I'm/collaborator, lyricist Alan Jay simply not going to work any|Lerner, whose on a Clear Day more.' "' And he hasn't. you can see Forever recently The grand piano, on which|opened on Broadway. It was the rested leatherbound scores he|first work since Camelot for wrote for Brigadoon, Paint|Lerner, who collaborated with Your Wagon, My Fair Lady and|Burton Lane after an unsuc- Camelot, remains untouched.jcessful attempt with Richard Loewe said he hasn't the slight-|Rodgers. 'Zippy Plane we 'imum. takeoff -weight of -19,000,a standard weapon of beth. the pounds, Jt can carry only abo: one-third of the 15,000 - pound|has a maximum takeoff weight .S. Air Force and navy that On Probation | SAIGON (AP)--A relatively light plane with a lot of zip, the F-5 Freedomfighter, is a} probationer among U.S. Air) Force strike aircraft in Viet) Nam. Some pilots affectionately call it the Sidewalk Tricycle. The F-5 has a wing span of 26 feet, seven inches and a max-) "You DEALING YOUR HOUSE? the "Action" Man to See Is ERNIE HOLMES LIVES LIKE KING With his returns from the/lof ingredients. Somebody must shows, especially My Fair Lady,'know how to cook it.'" est urge to compose again? 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