Editorials.

This article presents brief descriptions of various socio-political issues and developments of the U.S. It reports that the Quemoy crisis in Taiwan is not that the State Department is staggering drunkenly toward another diplomatic defeat or an atomic war. Such behavior has been habitual with this particular State Department and is to be expected. A news regarding California's public utilities policy for tax is described. These utilities are asking for an increase based on taxes they do not pay. At the inception of the tax amortization program, this journal pointed out that the utility companies, which were even then flooding Washington with applications for tax amortization certificates, would eventually contend that tax gains should not be taken into consideration in fixing rates.