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Since intensive trade talks with both the Europeans and the Russians lie ahead, Nixon has made a special effort to assemble a team that can coordinate economic policies. Too often various departments-State, Treasury, Commerce, Agriculture-have taken conflicting stands on such matters as import quotas and farm-price supports. In an effort to rally everyone behind a common policy, Nixon appointed George Shultz as "coordinator" of economic affairs, both foreign and domestic. Shultz, who will stay on as Treasury Secretary, has a knack for survival. As Secretary of Labor, he witnessed the most inflationary contract settlements in decades...
...countries and the U.S. for fees reportedly as high as $62,000. By week's end, the sole confirmed taker was Paris' France Dimanche, which says that it paid only the "usual price" and promises to airbrush Jackie into a bikini. On Times Square last week, scarce import copies of Playmen were selling for $5 and $6-twice the normal U.S. price...
...Brezhnev and other officials, the Commerce chief has formed the out lines of a U.S.-Russian arrangement in which U.S. goods and technology would be exchanged for huge amounts of Soviet natural gas and other fuels. Last month he signed an agreement with Poland that will grant U.S. Export-Import Bank credits to the country, and is expected in five years to triple U.S.-Polish trade to about $600 million annually. The Poles also agreed to let U.S. companies buy up to 49% of Polish businesses and share in long-term profits. The pact may lead to U.S. trade agreements...
...Union and the U.S. have received another boost: a group of U.S. regional banks and Manhattan's French American Banking Corp. have formed a consortium that will make it easier for relatively small American corporations to sell their goods in Russia. The banks have agreed to lend Soviet import agencies $100 million, provided that the money is used to buy products from the banks' clients. The bankers hope that the availability of credit will entice their clients to search for sales opportunities in the U.S.S.R. The regional banks in the deal are Cleveland's Union Commerce, Indianapolis...
...This is going to be a case of great import in school law." Frisoli said yesterday. He charged that the job of superintendent should not hinge on the political climate every two years when the new School Committee is elected. "The school system would just be mayhem if things see-sawed back and forth every two years; it takes time to initiate programs for the school?" he said...