Presidential clash over growth taxes and inflation in 1960 race
AP analysis outlines Kennedy and Nixon stances on growth targets of about five percent, tax policy, and inflation. Kennedy favors public works and higher taxes to fund expansion, while Nixon pushes fiscal restraint, tighter money, and selective tax changes. Housing and credit policies reflect similar divides as inflation looms.
MENTIONED IN THIS ARTICLE
U. S
Washington
John F. Kennedy
Massachusetts
Congress
Richard M. Nixon
Kennedy
Nixon
Federal ‘Reserve Board
Navy Reinforces 6th Fleet Adds Third Attack Carrier
Washington reports a major reinforcement of the 6th Fleet with a third attack carrier to the Mediterranean force. The move, seen as boosting U S striking power until Polaris submarines are ready, enlarges Pacific operations and strengthens overall U S military posture. The 6th Fleet centers on carriers Forrestal and Franklin D Roosevelt, with Intrepid Independence and Saratoga slated to join then return to the Atlantic coast next month.
MENTIONED IN THIS ARTICLE
Washington
Navy Today
Mediterranean
U.S
European
Soviet Union
Pacific
United States
Navy
Joint Chiefs of
6Th Fleet
Forresta
Franklin Delano ‘Roosevelt
Atlantic
Intrepid
Independence
Saratoga
Pricing Constraints in Industry Persist Despite Demand
A historical note discusses how some industries maintain and raise prices through administered pricing mechanisms even when demand weakens. It highlights the tension between producer control and market forces, with implications for competition, inflation, and policy scrutiny.
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