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Balance Of Payments Woes Stem From U S Wealth
Secretary John T. Connor explains U S balance of payments deficits arise from large government outlays overseas and heavy private spending abroad. The piece surveys proposed remedies from limits on foreign aid to tax measures, rate moves, and voluntary controls, noting international money and global recession risks. A separate note mentions Gemini spacecraft attitude control gear using power roughly like a Christmas tree bulb in orbit.
MENTIONED IN THIS ARTICLE
Adren Cooper
Washington
Thelef Commerce
John T. Connor
United States
U.S
Europe
West Germany
Fowler