Time Clock, Oct. 17, 1960

BUY-AMERICAN order from Pentagon to U.S. military commanders abroad will bring drastic change in purchasing policy. U.S. has been buying supplies for military and foreign aid abroad to help countries with unfavorable balance of trade. With U.S. running big balance-of-payment deficit, Pentagon will "favor" U.S. suppliers if costs are equal, although actual purchases are estimated at only $30 million. Other Government departments are studying similar moves.

BLOCKING RAIL MERGERS until job security is guaranteed is a new policy of railroad brotherhoods. Brotherhood of Maintenance of Way Employees filed suit in effort to stop...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!