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Sharper Competition. The Common Market economies at midyear are growing at 4.5% on an annual basis.- Britain's growth rate is edging close to the 4% charted by Chancellor of the Exchequer Reginald Maudling, and some economists predict that it will exceed 6% in the second half. Partly because a 2% unemployment rate has steadied labor costs and export prices, Britain's exports in the first half rose 6% over the same period in 1962, its balance-of-payments surplus hit a four-year high, and the pound sterling strengthened...
Although the cost of monitoring an arms control plan might exceed that of stockpiling arms, Gustafson predicted that a cut in defense spending would most likely precede a cut in taxes. But the tax cut by itself will not keep up purchasing power to a high enough level to make possible a smooth transition from arms to peace production. A high enough demand created by government spending will prevent the necessity of having detailed conversion plans, he asserted...
...Times's Los Angeles-based Western edition (circ. 90,000) and its Paris-based international edition (33,873.) published throughout the strike. Though the paper released no profit estimates for the Western edition, it admitted that "expenses continue to exceed revenues" on the two-year-old Paris venture...
Although the planners refrain from commenting on individual bids, they point out that most of the preliminary plans violate zoning regulations. The development proposed by Cambridge attorney Francis J. Roche exceeds the maximum residential density, and all the plans but Harvard's exceed the permissible gross floor area. In the estimates for parking space, the Board finds additional discrepancies: even Harvard, which makes the best showing, falls 215 per cent short of the number of spaces desired. And the Board concludes, pessimistically, that it may take twenty years to fill all the proposed offices, stores, and apartments...
...wealth is prodigious. He controls 15 companies-ranging from a cement combine to a paper and pulp plant-whose annual sales exceed $100 million, and his personal fortune is estimated to be at least $25 million. But Venezuela's courtly Eugenio Mendoza, 56, is more than his country's leading industrialist; he is also its leading philanthropist. Says he: "We businessmen always talk about the need to make dividends for our shareholders, but we must also create a dividend for the community...