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Dates: during 1950-1959
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...this does not mean that the U.S. is about to go into international bankruptcy. The U.S. still holds nearly $20 billion in gold, half the world's supply, and an important part of the U.S. capital outflow is private investment overseas that will pay off in years to come. If it was not for foreign aid-$5.5 billion last year-the U.S. would even have $1 billion balance of payments surplus. But the swing in the international terms of trade does mean that in defense of its long-range economic strength, the U.S. has had to take...
...which guarantees a Security Council seat for an East European nation, is also the agreement that guarantees two Security Council seats for Latin American nations. Although the U.S. maintains that the agreement was valid for only one year, the Latin Americans figured that a vote against Poland would mean certain Soviet-bloc opposition to perpetuation of their two seats. ¶The Latin Americans do not consider the Poland-Turkey contest a big issue even if the U.S. does. Adding Poland to Russia and neutralist Ceylon (which last week replaced Canada on the Security Council) would, they say, still leave...
...market prices are poor. Farm storage space is already so taxed that farmers will have to sell much of their crop in the open market at prices as low as 90? per bu., for the lack of a place to store it. Averaged over three years, the lower prices mean that a 4?-to-6? drop is possible next year in the price-support level...
Federal aid to schools would mean "powerful federal influence" in their curricula, Dr. James B. Conant '14, President, Emeritus, of Harvard, warns in his new book, The Child, the Parent, and the State. He sees little hope, however, for a "radical revision" of the state and federal tax systems, his alternative solution to the "urgent" financial needs confronting American schools...
What a Federal aid program would mean to the educational standards, "no one is wise enough to foresee." For instance, until a few years ago, certain social science courses might have been forced on the students, if the government had been in control. Today, advanced math and science courses could become high school requirements, Conant says...