Word: truce
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Negotiations last October collapsed because the Reds showed no real desire for an armistice. This time the issue is left, more than ever, in their hands (see WAR IN ASIA). If the Communists really want a truce they can have it tomorrow, or any day next week, or any day in the next month or so. In this 34th month of the war, U.N. forces are doing almost nothing to force a choice on the enemy. When there is fighting of any moment along the line, the Communists attack, the U.N. defends...
...defense spending. "More defense for less money is perfectly practical ... It is in the cards and on the way. . . Carefully planned objectives, with price tags attached . . . will provide a posture of defense against outside aggression that can and will be maintained over whatever period may be required . . . Truce in Korea . . . will not have an early important influence on the rate of military spending." ¶ Cut taxes (but not until spending is cut). When the people pay less taxes, they have more money to spend for what they want; this new consumer demand will replace Government spending. "In addition, there must...
...given permission to hold Bible classes and church services, and that in his compound there had been no forced labor. But a returned officer, Lieut. Roy Jones of Minneapolis, who was captured early in the war, said that Communist treatment of the prisoners was "unbelievably poor" before the truce talks began, improved later. "I refer in particular to food, housing, clothing and the conditions under which men were forced to travel. It certainly feels wonderful to be a free man again...
...bided its time while Mark Clark's headquarters in Tokyo checked strategy with Washington. Finally Lieut. General William K. Harrison, the senior U.N. delegate and weary veteran of past Communist filibusters, sent a letter to North Korea's Nam Il, agreeing once more to talk truce...
...Tokyo and Osaka stock markets, which had been climbing with heady abandon for more than a year, plummeted at news of a possible Korean truce. Speculative issues such as Nippon Heiwa Sangyo (Japan Peace Industry), which had soared to 400 yen in early February, toppled to 82. Even blue chips like Mitsuokoshi department store tumbled from 670 to 495 yen. Last week the market recovered slightly, but was still far down from its peak...