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...helping less fortunate lands. Congress did not deign until the end of January, several months later than usual, to pass the aid appropriation for the present fiscal year. When it finally got around to what was obviously an unwelcome duty, it made the total only $1.8 billion-the smallest amount in the 22 years of foreign aid since the Marshall Plan was launched. Last week, to save foreign aid from withering away, a 16-man presidential task force headed by Rudolph Peterson, retired President of the Bank of America, came up with a series of drastic recommendations for overhauling...
This statement seems to put the smaller Houses at a disadvantage, un-less they can show that their setting will differ considerably from Yale's. The smallest Houses are Dunster, Winthrop, Adams, and Kirkland...
...Collect. Companies from the largest steel manufacturers to the smallest clothing retailers are now slower to pay their bills. "Everyone is trying to live off everyone else's money," notes a Pittsburgh valve maker. Adds Irving Zeiger, owner of five manufacturing companies in Southern California: "No one, but no one, pays in 30 days. There is no money in the country-period." The squeeze is being felt all along the line. Big companies delay in paying their smaller suppliers, who in turn string out their payments to the two-and three-man shops that they buy from...
...real" growth. Other signs of slowdown were plentiful. In December, industrial production declined for the fifth straight month, and new housing starts dropped slightly to an annual rate of 1,245,000, which was the year's lowest point. At the same time, personal income made its smallest gain of the year. Just when all this will really bring inflation under control remains to be seen. Last week Bethlehem Steel, for example, posted 5% price increases for some of its products...
...every level of government in New Jersey. The Mafiosi apparently feel that way too. In lengthy transcripts of bugged Mafia conversations made public last week, New Jersey hoodlums boasted of their power to control and corrupt public officials throughout the state, from the statehouse at Trenton to the smallest municipal police station...