The start of Korean truce talks poses a multibillion-dollar question for U.S. businessmen. The question: How will the prospective Korean cease-fire affect the U.S. economy?
Few thought that it would cut arms production—at first. With $41 billion in arms orders already placed, industry has enough to keep it busy for months at the current rate of output of $1.5 billion a month. And orders continued to pour out of Washington last week at the rate of $4 billion a month; NPA went right ahead cutting back civilian production. In Detroit alone 63,000...
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