Show NEWS REVIEW british economy menaced traffic fatah fatalities ti es slashed like a kaleidoscope in which several apparently unrelated chips of glass shift suddenly from a meaningless jumble of color into an understandable pattern so at least some of the thee whirling segments of the worlds intricate economy have begun dropping into place to form a coherent unit for masses of americans to whom economics could be boiled down into a matter of you either have it or dont have it the international hysteria of monies credits loans spend ing inflation at home and crises abroad began to take on some meaning within a matter of hours came a sudden spate of developments starting in england and ending up on virtually every farm in america having no ostensible connection on the surface each fresh turn of events was linked inexorably with preceding occurrences to philosophers as well as acono mists it was a perfect chain of causes and effects this is how it began field marshal viscount mont 1 gomery chief of 0 the british im mi penal general staff suddenly was called home from a tour of the far east montgomery returned to great britain to advise the government concerning drastic curtailment ot of the nation s military establishment cost of which Q 3 6 billion dollars a year could no longer be borne by the threadbare british economy in london labor government 2 officials no longer able to stave off ow a frank admission told the world that england s plight was desperate that the tight little isle was on the sharp brink of ruin prime minister clement attlee as sailed with charges of bungling and failure to act nevertheless was given a vote of confidence when he sketched out a plan which would have british miners work an extra hour each day to increases increaser england s coal production key pillar in its economic structure the british crisis was born out of four factors shortage of amer ican can dollars the U S loan will have been used up by christmas shortage of coal not enough to per nut mit industries to operate and re build stockpiles stock piles shortage of man power and inflation 3 morally orally 31 weakened under the threat of domestic political and economic crises the london stock market broke swiftly as sharp sell ing hit bit all sections and although U S state depart ment observers scoffed at the idea that developments in england had produced a reaction over here it appeared to be something more than coincidence that shortly after london stocks 4 broke wheat prices on the chi cago board of trade showed losses of nine to nine and one fourth cents a bushel while corn and oats dropped off from three to four cents industrial stocks also receded some what on the new york stock ex change at the same time it became ap parent that the U S government faced with high prices of grain and food and continued shortages abroad would issue a call for an other big wheat crop this year in stead of reducing wheat production goals as was planned previously As the picture began to take shape the dominating motif ap feared to be economic econom ic insecurity DEATH ROAD safety report compared with 1946 death is tak ing a back seat on the nation s high ways this year the semi annual re port of the national safety council has shown for the first six months of 1947 the cross country death toll tol stood at 14 that figure is 9 per cent below the 15 fatalities recorded for the same period last year at the same time travel was 11 per cent heavier this year according to the safety council councils s report 2 lives were lost during june which represents a 5 per cent increase over the june 1946 rec ord in view of the increased traffic however it was a marked improve ment even the larger cities in the na tion were decreasing their traffic fatalities new york whittled its deaths by 15 per cent and los an geles by 16 per cent jacksonville fla was tops on the record book with a 69 per cent decrease from 1946 indication was that cities were becoming more traffic conscious INDONESIA U N looks it was a matter of regret the dutch government said that the matter of the dutch indonesian fracas was being brou brought before the united nations security council to a few million other observers it was not so much a matter of regret as it was a surprise U N it seemed was even then overdue in its action australia and india laid the lem before the council where it immediately began to vie with the balkan issue for priority of debate although the australian and in dian than delegations told the council that the strife between dutch and indonesian forces threatened world peace a dutch spokesman in wash ington said U N had no juris diction netherlands authorities insist on terming the struggle a dutch po lice action designed to control re bel beulious lious indonesians who hate to wait until 1949 to attain their inde pen dence as a sovereign state the indonesians however say that the dutch are waging a colonial war and that it looks like imperialism to them |