Time Clock, Mar. 21, 1955

AIRLINE SAFETY in the U.S. is nudging perfection. Civil Aeronautics Board Safety Investigations Director W. K. Andrews reported that the scheduled airlines flew some 21 billion passenger miles last year with only 16 deaths, thus set a record low fatality rate of only .08 deaths per 100 million passenger miles.

RAPID RISE IN CREDIT will bring no tightening in the Federal Reserve rediscount rate until late April or May. Reason: U.S. Treasury within the next fortnight must borrow up to $3,500,000,000 on short-term notes. To boost the rediscount rate now would cost the Treasury millions in added interest.

PRIEST RAPIDS power project, first...

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