One Political Survivor Is Left From House Shooting
Washington AP reports that Rep George H Fallon the sole survivor among five Purple Heart House members marked the 12th anniversary of the 1954 shooting with a terse reply questioning any celebration. Fallon was 64 and a Maryland Democrat at the time.
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Soviet Cutting Is Aid Plans Marked by Restrictions
The Soviet Union trims foreign aid, hurting developing nations as Western aid stagnates. India, once a major beneficiary, faces unmet expectations due to domestic pressures. Kenya recently rejected tied aid, and Khrushchev era generosity gives way to restraint behind aid figures and policy shifts.
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China
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Nikita S. Khrushchev
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Changes in Price by Steel Company
US Steel Corp raised prices on nails staples and brads by 6 to 15 per ton and added 1 to 6 per ton on some plates while cutting rods 6.50 per ton and carbon sheets 2 to 25 per ton. The President's Council of Economic Advisers tacitly approved the move saying it would stabilize the economy and help balance of payments by reducing some items. Gardner Ackley noted the cuts could aid foreign competition.
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US Steel Corp
Council of Economic Advisers
US Steel
Gardner Ackley
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