Word: couning
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After landing in Kuala Lumpur from Bangkok, the President was visibly elated when King Ismail Nasiruddin told him that Malaysia, though it offers no direct support in the Viet Nam war, "fully understands and welcomes the difficult but vital role your great coun try is playing." At a state dinner in Malaysia's Parliament House, Johnson responded by warning Red China's lead ers that "any nuclear capability they can develop can - and will - be deterred." He added: "Nations which do not seek nuclear weapons can be sure that they will have our strong support...
...trying to do too much too fast. Too much private investment, too much government spending, rising consumer appetites. And all of the coun tries are looking to monetary policies alone for avoiding the inflationary im pact." So said Federal Reserve Board Member Dewey Daane last week, focusing on the fact that the U.S., among other countries, has sought to restrain its economic exuberance by making money costlier and scarcer than at any other time in the 1960s...
Ever since the 19th century days of Emperor Dom Pedro II, the Brazilian stock market has been a scene of chaos. The coun try's major stock exchange in Rio de Janeiro has been presided over by a closed group of 40 brokers who passed their seats on the bolsa down through their families, collected such lucrative commis sions on currency-exchange transactions that they have had little incentive to push stock purchases. Long confined to only two hours a day, the trading sessions usually took place amid such bedlam that little serious business was ever ac complished...
Economists are divided as to whether housing as a whole is about to rebound. Chairman Gardner Ackley of the Coun cil of Economic Advisors forecasts that it will recover this year to something close to the 1964 level of 1,584,000 units. many other experts lean toward the view of James C. Downs Jr., chair man of Chicago's Real Estate Research Corp.: "The market is still oversupplied, and I foresee no dramatic improve ment." One encouraging sign: April con tracts for residential construction, a ba rometer of work to come hit a record $2.1 billin...
...situation remains the U.S. struggle to keep South Viet Nam from falling to Communism. The coun try's goateed little Premier, Nguyen Khanh, on whom Washington has now placed its chips, is doing his best to take hold; last week he received a unanimous vote of confidence (there was little choice) from the 53 members of the Military Revolutionary Council, which supposedly governs the country. In Washington, Secretary McNamara repeated once again that the U.S. will not pull out of South Viet Nam and left open the possibility of direct action against North Viet Nam if it becomes necessary...