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...Elath. If Nasser is adamant about turning back Israeli ships, the U.S. and Britain (both of which had naval task forces cruising in the Middle East last week) may have to decide whether to escort the ships and risk a major confrontation with Nasser in defense of the 1958 accord that declared the gulf to be international water; Russia also signed the accord...

Author: /time Magazine | Title: Middle East: The Week When Talk Broke Out | 6/2/1967 | See Source »

...free world's sixth bout of tariff reductions since World War II-and it far surpassed earlier efforts. The 1962 Dillon Round achieved 8% reductions in customs duties on $5 billion a year of global trade. Last week's accord covered eight times as much: $40 billion in annual trade in 60,000 farm and factory items. Chief U.S. Negotiator William M. Roth called the result "of tremendous world importance...

Author: /time Magazine | Title: Tariffs: The Bargain at Le Bocage | 5/26/1967 | See Source »

...biggest obstacle to Christian reunion is the Roman Catholic doctrine of papal infallibility. The second biggest is the degree of veneration that Catholics-but not Protestants-accord to Mary, the Jewish girl who became the mother of Christ. Indeed, many Catholics look askance at one of the great symbols of Marianism-Fátima, the small Portuguese village near which three shepherd children claimed to have seen, on May 13, 1917, the first of several visions of Mary. If for no other reason than the youngsters' impressionable ages-seven, nine and ten-there is widespread skepticism about the authenticity...

Author: /time Magazine | Title: The Papacy: At Mary's Feet | 5/19/1967 | See Source »

President Johnson has already issued a confidential directive to all departments and agencies halting bugging not "fully in accord with the law and with a decent regard for the rights of others." How this will be interpreted by the FBI or the IRS--or such reputed eavesdroppers as the Pure Food and Drug Administration and the Bureau of Narcotic--is still left to the administrators of those agencies...

Author: By James R. Beniger, | Title: The Case Against Wiretapping: Some of LBJ's Own Doubt It | 5/8/1967 | See Source »

...accord emerged in Washington from a threeday, closed-door meeting of the 20 executive directors of the 105-nation International Monetary Fund and deputies of the "Group of Ten" industrial powers.* While U.S. negotiators expressed some doubts and reservations, IMF Managing Director Pierre-Paul Schweitzer called the decision "great progress" toward expanding world monetary reserves. "We have an orchestra now," he said, "although not everyone is playing the same notes...

Author: /time Magazine | Title: Money: A Problem of Orchestration | 5/5/1967 | See Source »

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