POLICIES & PRINCIPLES: The U.S. on the Spot

Barbara Ward is quite a girl. At 34, she is foreign editor of London's soberly brilliant Economist, one of the five governors of the British Broadcasting Corp., and one of Britain's most influential journalists. Last week she was introduced to the U.S. reading public with the publication of her latest book—her first in the U.S.—entitled The West at Bay (Norton; $3.50). Young Miss Ward, a slender, attractive woman who once wanted to become an opera singer, has a great deal to say to the U.S. Her book is an intelligent guide to the world of 1948.

Mr. Smith Is Bankrupt....

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