FOREIGN INVESTMENT guarantees, by which Government insures private U.S. investments abroad against expropriation or war (TIME, July 28), are due for big expansion. Administration will ask to boost maximum Government coverage from $500 million to $1 billion; Congress is favorably disposed because program, instead of losing money, actually has put $3,000,000 in Treasury.
AIRMAIL SUBSIDIES, which have been declining since Korean war, will jump by $10,455,000 to $61,786,000 in fiscal 1960. More than 75% of total will go to local feeder airlines.
SHOE PRICES will rise as much as 10% this spring, say makers. Men's shoes will feel the pinch most.
AIRCRAFT EXCHANGE, INC....