Milford chronicle., 1960-01-01
Babson's Business And Financial Forecast For 1860

1. Naturally, as l am just back
from Moscow and Berlin, my first
thoughts are what will happen to
Berlin in 1860. My answer is defin-
itely, NOTHING WILL HAPPEN -
Mr.. X. will make no more ultima
tums; President Eisenhower will
continue his peace talks. Therefore
tn Berlin situation will be just the
same in 1860 and 1861 as it is to-
day.
2. There will be no World War
started between Russia and the
United States in 1860 This does
not mean that such a war will not
come within 10 years; but Just
now neither country is ready for it.
l am convinced of this after my
recent visit to Moscow.
8. Airplane warfare with the
dropping of bombs is thing of the
past We are turning to rocketry
with pinpoint precision. Our ex-
pensive air bases may gradually be
vacated.
A. Moscow is Mr.. KS "pride and
joy" 1t is a beautiful city with
broad streets and thousands of new
apartment houses. Mr.. K does not
want it destroyed Furthermore, he
wants a reduction in armaments
so that he will have money to
raise the standard of. living in
Russia. l forecast he will have to do
this in order to hold his power
5. We first feared a shooting
war;; now we are in a "cold war;;
but we will soon be in an educa-
tional war" In 1860 the United
States will expend far greater eff
fort on education.
6. Along with the effort to i'm
prove education during 1860, I
fore cast that our teachers will be
given a minimum salary of 5000
and that schools of all states will
receive federal aid.
z. forecast that instead of
spending SO much money on new
S h oil buildings, municipalities
will give more attention to disci-
pline, promotions, and Sitting, and
to the teaching of mathematics,
physics, and chemistry in both
grammer and high schools.
g.. forecast that some of those
who have gone into business will
seek teaching jobs, which will be
major force in postponing World
War III. School teaching will be
part of our national defense.
8. The Russians are afraid of
China, which / hope to visit again
in 1860. Hence, I forecast that
more friendly relations will devel-
Op between China and the United
States during 1860.
10. Space travel to. the moon is
largely for propaganda purposes
and to take our minds off of the
military phases of rocketry, sub
marines, and breaking the earth's
crust. Only the fear of retaliation
will prevent the Russians from
starting world war.
POLITICAL OUTLOOK
IL. 1 will now forecast who the
Republican candidates in 1860 will
'be-Nixon and Rockefeller.
IL. The Democratic candidates
cannot now be forecast. Senator
Kennedy thinks he has the nomin-
alton ''sewed up; but Johnson and
SymingtOn, and even Stevenson.
have large followings.
13. forecast that relations with
Russia will become far more i'm
portant than the question of in
flatioo.
IA. The Republican slogan in
1860 will be, "It is always danger
Gus to swap horses going across a
rapid stream" l therefore forecast
that the Republicans will have at
least a $3.50 chance of success in
1860.
Is. In fact on the basis of their
slogan, | look for a Republican
victory, though with a very close
margin.
is. | forecast no reduction in
taxes of any consequences during
1860.