Word: brinkmanship
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...Brinkmanship. Although the Senate vote promised that the 10% surtax will continue to take some fuel out of the country's overheated economy, the compromise can hardly be considered a victory for the Administration. The extension will bring in $5.6 billion. The House-approved Administration bill, which would continue the levy at 5% for an additional six months starting Jan. 1, would bring in $7.6 billion. Still, the Administration seemed content with two-thirds of a loaf. It came perilously close to getting nothing...
...that unless Peru paid compensation, the U.S. Government had no recourse but to enforce the law. As a result some critics read last week's action as a retreat after fruitless bar gaining on the issue and scoffed at the "Chickenlooper" amendment."Maybe there was an element of brinkmanship in this whole situation, and if so, we blinked,"said a U.S. official in a back ground observation that was later contradicted by the State Department. Gen erally, however, the U.S. received the kind of welcome hemispheric hoorah that it seldom hears these days. Peru's President and junta...
...House simply refuses to offer any reasonable explanation for the steps it has taken to increase U.S. involvement in the war and tempt the Communist Chinese to intervene openly on the side of Hanoi. The latest escalation of the bombing, in fact, suggests that the U.S. wants to play brinkmanship games that John Foster Dulles only talked about...
...Bluff & Brinkmanship. The key agreements, hammered out in a crescendo of bluff and brinkmanship between the U.S. and the Common Market last week in Geneva, fell a long way short of John Kennedy's hopes when he persuaded Congress in 1962 to empower the President of the U.S. to chop tariffs by 50%. Though levies on many industrial items would fall by the full 50%, the average tariff cut will amount to no more than 25% on the goods that make up the $180 billion in annual trade among non-Communist countries. Washington figures that the reductions, phased over...
...major factor is the altered character of the Communist challenge. By every indicator, Russia's two-headed leadership is cautious and conservative, having learned from the ignominious failure of Khrushchev's scary brinkmanship in Cuba. The result has been warily negotiated agreements with the U.S. on the peaceful use of outer space, reciprocal establishment of consulates, and the basis for a treaty restricting the spread of nuclear weapons. Equally significant, Russia and the East European Communist regimes have begun to abandon "command" economics. While certainly not decreeing instant free enterprise, they are taking into account the desires...