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Ottawa Herald in Ottawa, Kansas

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

Ottawa Herald

Location

Ottawa, Kansas, United States of America

Date

Jan 27, 1973

Page

2

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.

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.

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.

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.

New York Nixon Johnson Arthur Okun Council of Economic Advisers Henry Kissinger Paul Samuelson George McGovern Vietnam Samuelson Keynes Alfred Lord Keynes

Also Mentioned on This Page

Control Data IBM General Motors Corp America Germany Japan E. Wilson Ottawa Income Tax Service S. Main Suite Nananaved Vince Ary Man Insurance Nour Puvetineit Bob Miller Ottawa Insurance Agency Saffron Glass Co Hughes Auto Parts Ottawa Herald Business: and Professional Guide Optometrists James A. Eaton, D Optometrist Olin G. Wollen, D. D Dennis L. Smith, D. D Rodney McClay, D. D Chiropractors Don L. McKelvey D. C C. South D. Co Pharmacists Beauty Shop Beautyland Main Shirley James Jessie Wright Brenda Fletcher Teresa Salb Patricia Blakesley Peggy Koon Karen Stinson Peggy Sue Johnson Raney-Reynolds Rexall John Reynolds Everett A-1 Cab CO. and CHY & Top Hat Taxi Everett Stark Simmon’s Wester Auto Store John Rodgers Bob Luce Johnson Motors Newman Boats Les Drage Joe Yockey Franklin County Mental Health Clinic, Inc S. M. Brockway L. J. Matney Osteopathic David L. Young, ND. O Physical Medicine S. Cedar Kansas Baby’s Rental and Sales Brown’s Hardware Ottawa, Kansas Richardson’s
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