THE WEEK

Before next January 30 the President hopes to hire 131,361 additional federal civilian employees. Strictly on the basis of their professional qualifications, as any member of the Kennedy family will be only too glad to explain.

As Brazil continues to steal American assets, many other countries continue to provide favorable conditions for American investment. Last week American Cyanamid announced that a $1 million plant to make animal feed supplements and antibiotics would be built in Nationalist China (a joint venture of Cyanamid and Taiwan Sugar Corporation). Also it was announced that a $22.5 million urea plant would be built on Taiwan as a joint venture of Socony Mobil Oil (35 per cent), Allied Chemical (35 per cent) and Chinese Petroleum Corporation of Taiwan (30 per cent). If a country needs capital, it can invite it by providing the conditions under which it will flourish and by respecting the rights of private property. Or it can steal it and then go begging for handouts: which is the way of Brazil, apparently—a way that has met with so little disapproval in the United States Government that Brazil’s fat share of the Alliance for Progress loot is scheduled to go through almost routinely. Which puts Washington into direct opposition to private foreign investment—a queer stance for an Administration that keeps talking about free trade, and its high regard for private enterprise.

Featured Tags

Federal Trade Commission

Before next January 30 the President hopes to hire 131,361 additional federal civilian employees. Strictly on the basis of their professional qualifications, as any member of the Kennedy family will be only too glad to explain.

As Brazil continues to steal American assets, many other countries continue to provide favorable conditions for American investment. Last week American Cyanamid announced that a $1 million plant to make animal feed supplements and antibiotics would be built in Nationalist China (a joint venture of Cyanamid and Taiwan Sugar Corporation). Also it was announced that a $22.5 million urea plant would be built on Taiwan as a joint venture of Socony Mobil Oil (35 per cent), Allied Chemical (35 per cent) and Chinese Petroleum Corporation of Taiwan (30 per cent). If a country needs capital, it can invite it by providing the conditions under which it will flourish and by respecting the rights of private property. Or it can steal it and then go begging for handouts: which is the way of Brazil, apparently—a way that has met with so little disapproval in the United States Government that Brazil’s fat share of the Alliance for Progress loot is scheduled to go through almost routinely. Which puts Washington into direct opposition to private foreign investment—a queer stance for an Administration that keeps talking about free trade, and its high regard for private enterprise.