The United States still holds some 43% of the Free World's monetary gold stock, a proportion far larger than our share of its trade and clearly sufficient to tide us over a temporary deficit period--and I emphasize the words temporary…

In the military arena, the initiative rests with the aggressor--a role that we shun by nature and tradition--and our alliances are largely, therefore, defensive.

What I am proposing is a joint step on both sides of the Atlantic, aimed at benefiting not only the exporters of the countries concerned but the economies of all of the countries of the Free World.

I think that while we may not have been together a year ago, we are together now, and I will be the President of the United States for the next three years,

And when you do badly, all suffer.

The same people who produced the poetry of Homer, the wisdom of Plato and Aristotle--they also produced the Olympic Games.

We have become more and more not a nation of athletes but a nation of spectators.

I view the growing emphasis on professionalism and specialization in amateur sports without great enthusiasm.

There is hereby established the Armed Forces Expeditionary Medal, with ribbons and appurtenances, for award to personnel of the Armed Forces of the United States who after July 1, 1958

The medal may be awarded posthumously and, when so awarded, may be presented to such representative of the deceased as may be deemed appropriate by the Secretary of the department concerned.

I want to express my appreciation and pleasure, taking part in this ceremony in which you receive this justly earned award.

I am therefore asking representatives of the Council of Economic Advisers and the Bureau of the Budget to assist you in your consideration of the Report and the development of your proposals.

For this reason, I would like you to analyze the Report with a view to developing courses of action which might be appropriate for the Federal Government.

So that I take pleasure in presenting this award to you, for your own extraordinary work and also in calling to the minds of our fellow citizens the great debt we owe to so many people who came to this country and made the United States…

I find it to be in the national interest that the amount of the quotas for sugar and for liquid sugar for Cuba pursuant to the Sugar Act of 1948, as amended, for the six-month period ending June 30, 1962, should be zero.

Mr. Bowles has traveled a good deal in those areas before and after becoming Under Secretary.

For today we begin to select the Panel of Experts established by the Charter of Punta del Este.

Quite obviously, we've touched on one of the matters which are of importance--civil defense.

A preliminary decision has been made in regard to the matter, yes, and will be announced in January.

No such invitation has as yet been extended.

I said it in '49, so it isn't totally hindsight.

I feel that I have many responsibilities and the press has less and I would think that the press should deal with that problem.

The interview mentioned Germany and Berlin.

Well, I welcomed it.

And I assure you that the United States will give the greatest possible weight to the conclusions of the experts in the distribution of funds.