Questions Raised About The Supervision In Vietnam
Washington AP reports officials question the new International Control Commission plan to supervise the Vietnam cease fire. It details up to 20 ICC teams across borders, 26 more inland, and a 1160 member force with many at headquarters. A temporary joint commission of four sides will vanish after prisoner exchanges.
MENTIONED IN THIS ARTICLE
Washington
International Commission
U.S
Vietnam
South Vietnam
New
International Control Commission
Cambodia
Laos
North
United States
North Vietnam
Joint Military Commission
National Trade Deficit Climbs To 6 1/2 Billion in 1972
New York AP reports the United States posted a record 6.5 billion dollar trade deficit for 1972, with December imports surpassing exports by 563.2 million. The year’s deficit follows rising consumer prices and a volatile stock market after Nixon’s cease-fire announcement. Major topics include the dollar devaluation’s impact, the 14 point Dow drop, and a brewing budget deficit alongside corporate moves from IBM and GM.
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New York
Commerce Department
Washington
Vietnam
The
United States
Nixon
Agriculture
Earl L. Butz
Labor Department
Herbert Stein
President’s Council of Economic Advisers
International Business Machines Corp
Control Data Corp
U.S
Drop In Defense Spending Not Seen
The Pentagon rejects the idea of a peace dividend as unlikely. Since 1965 the US has spent 135.5 billion on Vietnam, with postwar cuts lagging inflation and pay raises. Pentagon officials warn military spending will rise next year to fund an all volunteer force and new weapons including the B1 bomber and Trident submarine.
MENTIONED IN THIS ARTICLE
Defense Department
United States
Pentagon
Robert Moot
Els
Melvin R. Laird
Air Force
Navy
Federal Reserve Board
Johnson
Fed
Nixon
Peace ends Vietnam war with modest economic impact
New York AP reports economists view the Vietnam War as a costly period for prices and unemployment, with Arthur Okun and Paul Samuelson noting social costs outweighing economic losses. Peace is seen as a potential turning point for inflation, job gains, and a restored confidence, though deficits and a shaky monetary system linger.
MENTIONED IN THIS ARTICLE
New York
Nixon
Johnson
Arthur Okun
Council of Economic Advisers
Henry
Kissinger
Paul Samuelson
George McGovern
Vietnam
Samuelson
Keynes
Alfred Lord Keynes
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