Word: tariff
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GERMAN AUTO BOOM is slowing down as a result of new tariff regulations by other European nations, e.g., Belgium and Sweden. Two big German automakers, Borgward and Goliath, are laying off workers. Giant Volkswagen will cut to a five-day work week early next year...
...Road. The road that led Averell Harriman into politics began in 1928. A birthright Republican, he switched to the Democratic side that year because he liked Alfred E. Emith and disliked G.O.P. tariff policies. Four years later, he was for an old friend of the family, Franklin Delano Roosevelt, and in 1933 he became New York chairman of the President's Re-Employment Campaign Committee, a unit of NRA. For Averell Harriman, that was the beginning of a Federal Government career that led him to one of the longest and most varied records any man has ever achieved...
Prochnow, who succeeds Samuel Waugh (now president of the Export-Import Bank), will help handle foreign aid, trade and tariff negotiations, and programs to stimulate overseas investments. He got off to a flying start: while his nomination was in the works, he left with Under Secretary Herbert Hoover Jr. for a flying tour of trouble spots in the Far East. By the time his appointment was duly approved and signed by the President, convalescing in Denver, Prochnow was in Tokyo talking with Japan's top officials...
Randall condemned "American business [which] cannot operate without a high protective tariff. You cannot benefit one segment of the American people by a high protective tariff unless some other segment pays for it. You can restrict the flow of Venezuelan oil to the United States. When you do that, you make all of New England take a higher power cost because its fuel will cost more. The ultimate payoff is with the consumer...
Having taken care of anyone who favors a protective tariff, Randall then clobbered businessmen for "evading responsibilities." Companies in metropolitan centers tend to "shrug off" their obligation to support the "schools, the churches, the hospitals, all of the community services, [which are] all a part of the price of doing business." As for higher education, said Randall, "only recently has industry begun to sense that there is an obligation on it to maintain by direct grants the universities [from which] comes the new leadership...