U.S. Production Surges Amid Slowdown Efforts Warned
U.S. industrial output rose 1 percent in April, 9 percent above a year earlier, with the Federal Reserve noting broad gains across sectors. Personal income topped $1 trillion for April, while the balance of payments deficit widened to $10.2 billion in Q1 1973. Gold jumped as the dollar fell, amid Watergate spillover concerns, though Treasury Secretary Shultz downplayed immediate impact.
MENTIONED IN THIS ARTICLE
Ey K.grego
NOKES
Washington
Federal Reserve Board
U.S
U.S. Treasury
George P. Shultz
Herbert ‘Stein
Council of Economic Advisers
Commercial Bank Credit
Brookings urges new foreign policy focus for 1970s
A Brookings Institution study urges the United States to shift from Cold War security to economic issues with non Communist industrial powers and the developing world. It calls for trilateral U S Japan Western Europe cooperation on monetary reform trade and agriculture and a summit of leaders to address international economics. It also proposes multilateral programs to transfer resources from rich to poor nations to reduce violence and chaos and argues U S security interests are mainly regional.
MENTIONED IN THIS ARTICLE
Washington
U.S
Brookings Institution
Japan
Western Europe
Nixon
Congress
Us.s.r
China
Europe
Soviet Union
Moscow
Peking
Henry Owen
State Department
U S
Harris Survey Signals Broad Yet Uneven Meat Boycott Sentiment
The Harris survey shows 69 percent of families refused meat during the latest boycott, but 11 to 25 percent say it was only partly successful in lowering prices. Public support grows for federal price controls, yet willingness to join organized action remains high if prices keep rising.
MENTIONED IN THIS ARTICLE
Harris
Meat boycott seen to push down beef prices
Washington notes a May advisory from the Agriculture Department says delayed effects from the April meat boycott will lower live cattle prices as late spring slaughter increases. Economists warn extended effort needed. prices likely stay lower for months then rise modestly after extra animals are processed.
MENTIONED IN THIS ARTICLE
Washington
Department of Agriculture
May
Department
George R. Rockwell
Brookings urges closer U S Japan ties in new study
The Brookings study argues for a special U S Japan relationship across economic political and cultural fields and urges treating Japan as a close valued equal partner while noting Western Europe will gain more independence straining U S influence and patience.
MENTIONED IN THIS ARTICLE
Brookings
U.S
Japan
Western Europe
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