AMERICAN NOTES: Riches in Resources

Violence, deprivation and political discord are so commonplace that good news often is scarcely noted. Last week there were two indications of the abiding strength of American society. The gross national product rose at an annual rate of 11.2% in July, August and September, the largest quarterly rise in two decades. This showed that the U.S. has not only rebounded from the long recession but is in the midst of a recovery. And the U.S. and the Soviet Union signed a five-year pact that virtually assures the annual sale of $1 billion worth of grain to the Russians (see...

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