McChesney Martin Warns Against Overly Pessimistic View
Federal Reserve Chairman William McChesney Martin said cautious readers misread his Columbia University remarks about the 1965 economy. He warned against predicting a recession from his speech, urged sober understanding, noted central banking as an art, and emphasized balancing inflation and deflation amid global monetary links and a near equilibrium U.S. balance of payments.
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New Brunswick
Federal Reserve Board
William McChesney
Martin
Columbia University
Stonier Graduate School of Banking
Rutgers University Marlin
Washington
Federal Reserve
International Monetary Fund
African Awakening To Red Threat Seen
Ambassador Averell Harriman warned that Communist China’s Chou En-lai overplayed his hand in Africa as new states awaken to the danger of Chinese tactics. He cited Kenyan government officials noting ambiguity about revolution and a resolve to avert threats from inside or outside.
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New York
Averell Harriman
China
Chou En - Lai
Africa
Harriman
Chen En - Lai
Tanzania
Kenya
Manufacturers Object to Union Shop Ban Repeal Debate
Washington voices clash over repeal of Section 7 of the Taft Hartley law as manufacturers and the Associated General Contractors denounce the move to ban the union shop. Kenneth C. Kellar argues for state rights protections while Carl M. Halvorson cites low union shop participation. Teamsters’ Sidney Zagri contends civil rights rhetoric masks the issue.
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Washington
Na- Group
Tional Association of Manufactrights
Gention
Star Contractors of America
Congress
Teamsters Union
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Portland, Ore
Sidney Zagri
The
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Zagri
Immigrant Quota Plan Draws Fire From DAR Leaders
The Daughters of the American Revolution oppose President Johnson’s immigration expansion bill calling it a threat to America’s foundations. DAR president Mrs. Sullivan testifies that the plan would alter current patterns while senators debate its effect on unemployment and poverty. Kennedy questions labeling critics as Communist, while Eastland backs Sullivan’s cautions. The bill moves toward a first come first served system with limited country-of-origin weighting, preserving existing relative preferences for relatives and skilled workers.
MENTIONED IN THIS ARTICLE
Washington
Daughters of the American Reve Olution
Priday
Dulingon
William H. Sullivan Jr
DAR
Senate Immigration Subcommittee
Sullivan
Anders resigns director post at Eastern West Virginia Center
William H. B. Anders Jr resigns as director of the Eastern West Virginia Research and Development Center at Shepherd College effective August. He has headed the center since October 1963 and will become executive director of a new regional economic development group in Maryland. The move follows his statement that the breakdown of the McCarran-Walter act has been a major issue.
MENTIONED IN THIS ARTICLE
Shepherdstown
William H. B. Anders Jr
Eastern West Virginia Research and Development Center
Shepherd College
Anders
Maryland
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