Word: koreans
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Dates: during 1960-1969
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...developments warrant. But already the Paris talks have broken all records for press coverage of peace negotiations. Fewer than 100 correspondents, for example, were in Reims to witness the surrender of Nazi Germany in World War II, and only 120 went to Kaesong for the opening of the Korean truce negotiations in 1951. The only major news organization not represented at the Paris talks, in fact, was Peking's New China
Died. William P. Kennedy, 76, head of the 200,000-man Brotherhood of Railroad Trainmen from 1949 to 1962, remembered for a paralyzing strike during the Korean War; in Minneapolis. "We've won a tremendous victory," crowed Kennedy, whose call for a national strike in 1950 prompted the Government to take over the roads. Finally, in May 1951, the railroads threw in the towel, signed a contract giving Kennedy's men a $97 million-a-year wage increase...
...that restored quiet to Detroit after last summer's riots, and last month advised the capital's Mayor Walter Washington in the violence following Martin Luther King's assassination. In November, Vance negotiated a peaceful settlement of the Cyprus crisis; in February he soothed irate South Koreans who wished to retaliate when a North Korean commando squad attempted to assassinate President Chung Hee Park just two days before the seizure of the U.S.S. Pueblo...
...galloping inflation, which prices U.S. goods out of foreign markets and attracts imports to meet internal demand. Last year the U.S. inflation rate outpaced that of most other big industrial countries. With U.S. prices rising most recently at the rate of 4.8% a year, highest since the Korean War, imports jumped by 19% during the first quarter of this year even though 16% of U.S. factory capacity stood idle...
...absorbs only 3% of the total national output of goods and services-only half the proportion consumed by the Kore an War. The total defense budget today accounts for only 9% of gross national product, compared with 41% at the height of World War II and 13% at the Korean peak. More important, the end of the Korean fighting caught Washington with a huge oversupply of military goods. And to make matters worse, peace plans were unready; cutbacks in defense spending led to a recession with a 6% unemployment rate before the economy rebounded. This time, the Pentagon expects...