European Auto Exports Slump Amid US Compact Demand
European auto exporters report a sharp drop in 1960 US compact sales while overall exports to America hold. British and Italian makers face reduced American demand, with Volkswagen and Renault cited among competitors. Executives anticipate 1961 improvements, but uncertainty remains.
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Kennedy Plan Aims Unemployment Aid By March
Kennedy administration pushes a broader unemployment insurance extension with per-employee and employer costs rising to support increased benefits. The plan would expand maximum weekly payments, extend coverage to orphans, and require funding through payroll taxes, with hopes for mid March enactment after hearings.
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