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...EDUCATION : Purdue University's President Frederick Hovde offered a report urging the new Administration to make loans and grants totaling $9.2 billion over the next four years-some $2.3 billion a year-to build schools, boost teachers' salaries, and generally improve the level of education in public schools and public and private colleges. "Anything less," remarked Dr. Hovde, "would not be significant." Said Kennedy dryly: "I don't know whether we have the resources immediately to take up the whole program...

Author: /time Magazine | Title: The Economy: Advice from Activists | 1/13/1961 | See Source »

There are other economic aid programs already working that have apparently been forgotten by all but their most despairing critics. Point Four, the brilliantly conceived technical assistance program that plays the villain in The Ugly American, badly needs a boost. More important, it needs a staff, and a well-paid professional staff at that. Public Law 480, which authorizes agricultural surplus disposal overseas, must die or wrench itself free of the innumerable squallings that arise when the U.S. subverts the International market by shipping free wheat to India...

Author: NO WRITER ATTRIBUTED | Title: Foreign Aid | 1/10/1961 | See Source »

...Senator J. William Fulbright, chairman of the powerful Foreign Relations Committee. A trifle touchy since he was turned down for Secretary of State in favor of Dean Rusk, Fulbright had publicly spoken out against one of the key items of the New Frontier legislative program-a proposal to boost the minimum wage from $1 to $1.25. Fulbright got a personal welcome at the West Palm Beach airport, spent long hours in the villa and on the golf course, was treated to an after-dark press conference in the patio. Midway in talk about the need for an ambassador-at-large...

Author: /time Magazine | Title: The President-Elect: Operation Rooney | 1/6/1961 | See Source »

...pinch would be felt by all classes, the Premier insisted, but the opposition Socialists rose with angry shouts when Eyskens proposed a legislative catchall called the Lot Unique (single law). Labeling it the Loi Cynique, they insisted its tax provisions (e.g., a 20% boost in sales tax as well as income tax increases) would hit workers hardest, argued that its cuts in health and unemployment programs (which, some Socialists admit privately, are outrageously featherbedded) were "a step 25 years back into the past." "Not True, Not True." When the bill came up for debate on the floor of Parliament just...

Author: /time Magazine | Title: Belgium: Empire Poverty | 1/6/1961 | See Source »

Probably the biggest governmental boost to the economy will be a hefty increase in defense spending; Kennedy may well add $1 billion to the fiscal 1961 defense budget, but even without any Kennedy hikes, the Federal Government is expected to be spending in 1961 at an annual rate of $1.5 billion more than defense expenditures...

Author: /time Magazine | Title: Business In I960: Tough Prosperity | 1/6/1961 | See Source »

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