Business: The Economy Turns--Toward a Trade War

MIDYEAR 1970 has been a kind of deadline for the Nixon Administration's economic "game plan." If inflationary recession is to give way to a combination of renewed business growth and slower price increases in time to save Republicans from November election troubles, the first signs must begin showing up now. They are doing just that, but the harbingers of a turn have not yet brought any loud cheering. At best, success for the game plan seems likely to be bought at painful cost—in corporate financial distress, in labor turmoil and, worst of all, in...

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