Babson Column on Dollar Devaluation and Inflation Risks
Babson argues dollar devaluation unlikely in the near term, but warns prolonged deficits and heavy foreign lending threaten future stability. He cites De Gaulle's criticisms, urges prudent finance, and cautions against relying on inflation to sustain growth, stressing sound money and balanced budgets.
MENTIONED IN THIS ARTICLE
Babsons Pound
Dolllar
Babson Park
Mass
de Gaulle
France
United States
Washington
London
New York
Evers
Uncle Sam
U. S
Paris
Foreign Travel Not Encouraged by U S Officials
The State Department instructs passport offices to remove travel promoting displays and urges Americans to visit the U S instead to ease the gold drain. Passports remain available as applications rise, while Johnson backs reduced overseas spending and halves the duty free allowance for returning travelers.
MENTIONED IN THIS ARTICLE
Washington
State Department
Johnson
U.S.A
Abba P. Schwartz
Congress
Europe
Eisenhower Named To Chesapeak e Potomac Telephone Board
Milton S. Eisenhower president of Johns Hopkins University was elected to the Chesapeake and Potomac Telephone Co board of directors. He serves as a trustee of several bodies including the Maryland Academy of Sciences Enoch Pratt Free Library Pan American Development Foundation and Baltimore Ohio Railroad.
MENTIONED IN THIS ARTICLE
Baltimore
Milton S. Eisenhower
Johns Hopkins University
Chesapeake and Potomac Telephone Co
Wednesday Eisenhower
Maryland Academy of Sciences
Enoch Pratt Free Library
Pan American Development Foundation
Baltimore and Ohio Railroad and Commercial Credit Co
Pearl Bailey Released From Mt Sima Hospital After Shock
Los Angeles AP Pearl Bailey a Negro singer is released from Mt Sima Hospital after a three day stay for treatment of nervous shock. The entertainer was admitted for evaluation and rest.
MENTIONED IN THIS ARTICLE
Hospital
Los Angeles
Pearl Bailey
Mt Sima Hospital
Also Mentioned on This Page
Babson
Cillette
North Market Street
Eisenhower
Concilium
The
Paulist Press
the News
Frederick
Maryland
Edward Schillebeeckx
Northridge
Mary Carter Paint Store
Colonial Lounge
Francois Scott Key Hotel
Doris Grice
Conn Organ
Penney
China
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!