Word: dillons
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Coach John Yovicsin will speak tonight to a pre-Yale game pep rally on the steps of Dillon Field House. The rally, to cheer the varsity football team on to victory over the Elis, will start about 6:45 p.m., when the team finishes its final home practice session. Highlighting the cheering will be the Band, which will play its repertoire of Harvard fight songs...
They then let down quota barriers against U.S. goods, responding to Under Secretary of State Douglas Dillon's warning (TIME, Nov. 9) that they would face a "resurgence of protectionism and restrictive action" if they did not. Britain, France and Japan agreed that the time has come for thriving nations to scrap discriminatory trade restrictions against the U.S. born of postwar dollar shortages. In many cases the changes were more psychological than real, for tariffs or market conditions will continue to exclude what quotas do not. Still, the U.S. was only hoping to boost exports 10%. As for Washington...
Spokesman for the important policy change was the U.S.'s No. 2 diplomat, Under Secretary of State (for Economic Affairs) C. Douglas Dillon. "Either we move ahead to get rid of outmoded trade restrictions," he told the 54 nations represented at the General Agreement on Tariffs and Trade (GATT) meeting in Tokyo, "or we can expect a resurgence of protectionism and restrictive action." Two days later he told members of the America-Japan Society: "During the era of the so-called 'dollar shortage' we were disposed to be passive about foreign discriminations against our exports...
Symbolic Strings. Dillon's strong statement was part of a massive readjustment of U.S. economic policy to fit the facts of modern economic life. Last year, chiefly because of spending for economic and military aid, the U.S. sent abroad $3.4 billion more than it received for its exports. Faced with a $4 billion gap in fiscal 1960 (ending next June 30), Treasury Secretary Robert Anderson has got the President's permission to cast a hard eye over next year's foreign-aid budget and audit the Pentagon's spending for overseas forces and bases. Last month...
...Peking fortnight ago, seemingly bent on restraining Chinese aggressiveness, Khrushchev had denounced "wars of conquest" but added that Marxists could still recognize "liberating wars"-precisely the label Red China would apply to an attack on Formosa. From Washington last week, U.S. Secretary of State Herter and Under Secretary Douglas Dillon moved quickly to plug this loophole (see NATIONAL AFFAIRS), warned that Moscow must share responsibility for Peking's acts...