Great Britain: Shadowy Crisis

"I confess I am worried, but I am not afraid." Thus Prime Minister Harold Macmillan last week confided to a Tory caucus his feelings about Britain's deepening economic crisis. To the average Briton in pub and park, basking in the summer sun, there were few signs of anything even to worry about, let alone fear. Wage earners were enjoying record employment; their shopping mums were still savoring the longest stretch of prosperity since the war. Labor leader after labor leader has gone on record for another round of wage increases this summer. On the surface, everything seemed tickety-boo, as vacationers...

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