USC economist links crisis to military spend, Vietnam war
University of Southern California economist Dr James Calderwood told 50 Southland businessmen that U S military commitments in Europe and Southeast Asia drive the current international money crisis. He warned devaluation could end the present system, while suggesting higher taxes, tariff cuts, and reduced military outlays as cures. He cited Western Europe alone as contributing about 1 billion dollars a year to the balance of payments deficit.
MENTIONED IN THIS ARTICLE
Europe
Southeast Asia
Southland
James Calderwood
The
University of
Southam
California
Vietnam
Calderwood
United States
U.S
Michael Heilperin
Heilperin
Henry Schloss
Political Gift Deduction Approved by Senate Finance Committee
In Sacramento the Senate Finance Committee approved a measure allowing taxpayers a yearly deduction up to 100 for political contributions. The bill by Assemblyman George W Millas from Gilroy moved to the floor for a final vote as a potential tax relief option. A separate note quotes a debate about the dollar's value and devaluation prospects among lawmakers Calderwood and Hellperin.
MENTIONED IN THIS ARTICLE
Sacramento
UPS
Senate Finance Committee
George W. Millas
Gilroy
Gunman Accepts Loan After Market Demand for Cheese
A Reno market robber, claiming his wife and child were ill, demanded money and cottage cheese with chives but settled for a $50 loan after clerk Denis Kidwell said no cheese was available. The gunman signed an IOU and left a reference name and number before departing. Meanwhile in Jerusalem President Zalman Shazar was sworn in for a second five year term.
MENTIONED IN THIS ARTICLE
Reno, Nev
UPI
Denis Kidwell
Kidwell
Jerusalem
Zalman Shazar
Quote on trade policy affecting competitive advantage
A cited remark notes that other countries would not permit the speaker to gain a competitive edge in international trade, reflecting concerns about policy constraints and global market dynamics.
USC panelists warn against world monetary crisis cuts
Three men commissioned by USC to provide businessmen with a view of the world money crisis spoke against any reduction. They urged caution, arguing that trimming financial measures could worsen instability and harm markets.
MENTIONED IN THIS ARTICLE
USC
Crisis prompts debate on tourism and investment remedies
The discussion centers on aiding American travelers abroad and discouraging foreign investments as possible responses to the ongoing crisis. Stakeholders weigh risks and benefits, with policymakers considering how such moves might affect economic stability and international engagement.
Also Mentioned on This Page
Hellperin
Gunman
Shazar
Coit
America
Teeeet Gol Cleaners
10Th St
Long Beach
Fan Fedto
Sool Beach
Los Alamitas
Vine
Atfert
Bert Band
Frigidaire
Bond
AME
Hell
Soney
Pacific Coast
Tven
Augna Park Harbor Gity
Pace Ch
Hwy
Garden Grove van Garden Grave
Pico Rivera
Norwalk
Piresinna Rive
Lynwood
Ke Alani
PAS
FBI
Jamaica
Sale
Norton
Bellflower
Bowret Stonewood Center
Garden Grove
Eestgate
Plaze
Lakewood
Lakewood Center
Atlantic Ave
Norwalk Harwalk Square
Santa SE Springe
Telegraph Road
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