Russian Satellite Watches U S Ships
A Soviet ocean surveillance satellite monitors U S Navy ship movements in the Indian Ocean and Arabian Sea from space. Pentagon sources say the maneuverable radar equipped craft was launched before the end of 1973, part of a year noted for a record 88 Soviet space vehicles.
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U.S. Economy Faces Recession Risk Amid High Inflation
Commerce official Sydney L. Jones warned 1974 may bring no growth or a decline in output with unemployment and profits shrinking as inflation nears 10 percent. Fourth quarter 1973 GNP grew 1.3 percent, slower than Q3 and well below earlier gains, while 1973 inflation ran 6.1 percent.
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Sydney L. Jones
Commerce Secretary
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