Pig HA EUGENE REGISTER-GUARD, Tburi., Dec. 13. 1962
GECD Urges U.S. Government to Spur Economy
Goshen Elementary Pupils
Slate Christmas Operetta
Duncan Fete
Sold Out
All scats have been sold
and no more reservations can
be made for a testimonial
dinner to be held for Robert
Duncan, congressman-elect
Friday evening.
The dinner will be held at
the Central Lane YMCA
building in Eugene.
A spokesman for the dinner
committee said that 250 tick
ets have been sold.
Duncan, Mcdford Democrat,
was elected to Congress in
November and will replace
Republican Edwin Durno
when Congress convenes in
January.
PARIS tin The organization
for Sconomic Cooperation and
Development (OECD) Thursday
urged the United States to adopt
bold fiscal measures with no
concern for budget deficits to
spur the lagging American econ
omy. ,
The 21-nalion organization
said a high and expanding level
of activity in the United States
is important if the 50 per cent
growth target of the OECD in
the 1960s is to be met. Nineteen
nations in Western Europe, plus
the United States and Canada,
make up the organization.
An OECD report on the eco
nomic situation in the United
States was released as part of
its survey of conditions in each
nation. Since none of these re
ports is prepared without the
help and advice of the nation
concerned, the Kennedy admin
istration apparently had at least
tacitly endorsed the conclusions.
The report said "a greater
stimulus from the federal budg
et would seem necessary to off
set the weakness of private de
mand, a stimulus that could be
provided by tax reductions, by
higher federal expenditure or
by a combination of the two.
"This may well entail some
temporary resort to budget
deficit financing; but the quick
er the economy regains the full
employment level the shorter
will be the period during which
deficits are incurred. It is
greatly to be hoped that the
fiscal changes to be proposed
to Congress in 1963, when added
to those recently adopted, will
be adequate in scope and tim
ing to permit the early absorp
tion of the present slack in the
economy."
The OECD concluded that the
present growth rate in the
United States "falls well short
of what can be reasonably ex
pected, given the increase in
population and the scope for
higher productivity."
The period said government
action is necessary because "it
seems unlikely that demand
from the private sector will, by
itself, prove sufficiently buoyant
to put the economy back on to
a more appropriate long-term
growth trend.
The report added:
"The amount of un-utilized
capacity which at present ex
ists will continue to have a
dampening influence on busi
ness investment, offsetting the
incentives provided by monetary
pplicy and special tax measures
to stimulate capital formation.
And it is unlikely that private
consumption will rise faster
than other types of expendi
ture.'' GOSHEN A Christmas oper
etta will be presented here at
8 p.m. Friday by elementary
students at Goshen School.
"Sir Nutcracker" is the name
of the operetta which is divided
into eight acts and is directed
by Marsha Herron, vocal in
structor. The various acts have been
entitled: "T h e Nutcracker,"
"Defeat of the Mighty Mouse
King," "The Sugar Plum Fairy,"
"The Cossack Soldiers," "Arab
Dancers," "Ladies on a Chinese
Fan," "To a Happy Holiday"
and "Waltz of the Flowers."
There will be musical ac
companiment to a number of
the acts and a community sing
will conclude the program.
Numbers will be played by
string group directed by
Mildred Thompson and by a
band directed by Robert
Boehmke.
The program will be held at
the school gymnasium.
Yemen Signs Pact
CAIRO ft Yemen's revolu
tionary regime has signed an
economic aid agreement with
East Germany, the Middle East
News Agency reports from
San'a, the Yemeni capital. The
amount involved was not stated.
East Germany will supply water
pumps and tractors that are to
be paid for in five years.
Hiroshima Appeals
For End of A-Tests
HIROSHIMA, Japan WVThe
people of Hiroshima, the world's
first atom-bombed city, appealed
Wednesday to U Thant, U.N.
secretary-general, to use his
good office in influencing lead
ers of the four big powers to
end nuclear tests.
The appeal was made in a let
ter with 30,000 signatures, the
Atom and Nuclear Test Ban
Assn. of Hiroshima reported.
Murder Conviction
PORTLAND ( George
Jones, 37, faces life imprison
ment as the results of his Wed
nesday conviction on a second
degree murder charge. Jones, a
transient, was charged in the
fatal stabbing of Robert Bow
man in a cafe Aug. 1.
S3
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third floor
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This
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12
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gutltett nylon In
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Girls' Cozy
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She'll love the artnr m aq
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Men's Flannel
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This Christmas be
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S, M, L, XL
2
49
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second floor
rinnn
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7 !t
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7
95
Every new outfit needs a new pair of shoes;
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Exciting values in blends of Acri
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fourth floor