T.R.B. from Washington

December 1960
New Republic;12/19/60, Vol. 143 Issue 26, p2
Focuses on economic conditions of the U.S. Statement of the Joint Congressional Economic Committee that the U.S. is facing "mild recession"; Factors responsible for the economic recessions faced by the U.S.; Impact of the recession on the rate of unemployment in the U.S; Influence of the U.S. recession on revolutions in Latin America;Increase in prices of commodities; Reasons for not using gold as a basis for international exchange; Need of a financial system for the world; Role played by the International Monetary Fund to fight the economic crisis; Information on antitrust charges, laid down on several electrical manufacturers by the government; Conspiration of executives in faking competitive bids; Need for the establishment of a global federal reserve system.


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