U.S. Chance To Hold World Trade Edge Says Bank
Chase Manhattan Bank economists in New York assess the United States ability to keep roughly half the world trade share amid Western Europe and Japan rises. They warn that holding costs in line with productivity gains is key and that wage versus productivity dynamics, not mere wage gaps, determine competitiveness.
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Sam Dawson
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Chase Dawson Manhattan Bank
JFK Assures Makarios on Aid to Cyprus Developments
President Kennedy told Archbishop Makarios of Cyprus that the United States intends to aid Cyprus’ economic development program. The two exchanged messages after Makarios’ Washington visit, with Kennedy praising Cypriots and Makarios saying he feels reassured about the future.
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Makarios
Cyprus
Washington
Kennedy
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White House
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