Fortune post mortem links slump to unusual economic accident
Fortune magazine argues in its June issue that last year's slump arose from a rare mix of a long steel strike, severe weather, and policy mistakes by the administration and Federal Reserve. It warns of a possible inflationary rebound if recovery is too vigorous, contrasting with Dr. Walter Heller's view.
MENTIONED IN THIS ARTICLE
Fortune Magazine
Federal Reserve Board
Walter Heller
Kennnedy
Council of Economic Advisors
Balance of transport forms urged for efficiency
Editorial argues that rail, air, truck, and water transport must be balanced and coordinated rather than dominated by any single form. It notes industry groups lobby editors with tax and rate complaints and emphasizes using all modes to serve public needs with economy and convenience.
MENTIONED IN THIS ARTICLE
Transport Industry
The
Association of American Railroads
American Trucking Association
Air Transport Association
Americanaman Association
Pame
Kennedy shines in Europe as De Gaulle meets youthful strength
The piece notes Kennedy impresses European leaders in Paris and Vienna, earning respect from De Gaulle and a veteran government official. It highlights Kennedy’s grasp of history, diplomacy, and wide range of topics from Berlin to Algeria, NATO, and foreign aid while engaging as an equal with Europe’s elder statesmen.
MENTIONED IN THIS ARTICLE
Bob Considine
Kennedy
America
Walter
Winichell
Europe
Paris
Ess Grand © Alliance
Vienna
de Gaulle
Jack Kennedy
Borderie
Eisenhower
Roosevelt
Elysee Palace
Gershwin
Edser
Berlin
Algeria
Soviet Union
NATO
France
Alphonse
Transatlantic jet lands in record time from Carswell
A B 38 bomber flew from New York to Paris in 3 hours 19 minutes 41 seconds with refueling en route. Pilot William Payne called the flight routine as the crew reached Le Bourget six hours fifteen minutes after takeoff. The piece reflects on rapid technological progress and future space ambitions.
MENTIONED IN THIS ARTICLE
New York
Paris
Carswell
Air Force Base
Fort Worth
Tex
le Bourget
Pial
William Payne
Currency inflation threatens dollar value and policy clash
UPI column argues the dollar has shrunk to about 19 cents of 1939 value in wholesale terms and about 46.9 cents retail, calling currency inflation a deadly tax on fixed income and comparing deficit spending debates between the Kennedy administration and opponents. It warns inflation outpaces wage hikes and risks greater harm than bombs.
MENTIONED IN THIS ARTICLE
U.S
Nikitashchev
United States
Treasury
Douglas Dillon Sachs
Kennedy
Shorts Ban for Penitentiary Guards At Minnesota Facility
Weekend recreation policy at Minnesota State Penitentiary allows inmates to wear bermuda shorts in any color except blue which is reserved for guards. Warden Ralph Tahash explained the rule and its purpose.
MENTIONED IN THIS ARTICLE
Stillwater
Minn
UPI
Minnesota State Penitentiary
Ralph Tahash
Kennedy trims 58 interdepartmental committees, sparking cost debate
Washington columnist recounts President Kennedy slashing 58 interdepartmental groups to streamline government. Budget Director Bell touts potential taxpayer savings, but Rep. Andrews warns new committees may arise. Air Force weather spending cited as burden on the Weather Bureau.
MENTIONED IN THIS ARTICLE
Washington
UPI
Kennedy
Joint Committee
House ‘Appropriations
David E. Bell
Bell
George W. Andrews
D-Ala
Andrews
Air Force
Weather Bureau
John F. Shelley
Calif
Fulbright urges five year view on foreign aid program
Senator J William Fulbright warns the Kennedy plan’s impact must be measured over five years not just next year. He argues the foreign aid program is vital for America and urges long term results. In Accra Ghana President Nkrumah joins Afro Asian action to oppose Portugal in Angola and calls for unity. A Mississippi student, James Davis, a Freedom Rider, says he is arrested for asking directions to a segregated dining room and insists he is not disturbing the peace.
MENTIONED IN THIS ARTICLE
Washington
Sen
J. William “Fulbright
D-Ark
America
Accra
Ghana
Kwame
Nkrumah Lattine
Portugal
Angola
Jackson
Miss
James Davis
Taylor appointment prompts concern over past record
Editorials say the administration tests public sentiment for Taylor while Congress worries about his history. Records cite clashes with legal principles at Nuremberg and a staff linked to the Communist party, with intelligence officers and agencies noting loyalty questions. Taylor resigned from a defense plants post in 1958 after a flag in his file cited unresolved loyalty issues.
MENTIONED IN THIS ARTICLE
Taylor
Also Mentioned on This Page
Hugh Harel
Arizona
the Progress Platform
Scottsdale
Scottsdale, Arizona
Fortune
Ad Fredom
Atlantic
Moon
Mars
Venus
By Lyle C. Wilson
Dillon
Julius Klein
Tokyo
Koji Nishida
John Vaio
Oakland
Columbia University
RUGBY
England
Dennis Spencer
Jack Shelvey
By Dick West
Weatherley
Weather ‘Bureau
Congress
McGill
Fulton Lewis JR
Lewis
Nurenberg
Supreme Court
James S. Martin
Communist Party
U. S
Germany
Russ Nixon
United Electrical: Workers. Union
Nixon
Senate
Lee Press
Junius’ Scales
Nith
Telford
Civil Service Commission
Small Defense Plants
Senate Government Operations Committee
Eligi
Kennet
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