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...billion in "rent." Eventually, he settled for sovereignty over both bases plus $900 million in assistance over five years. One reason that the U.S. was willing to placate Marcos was that the Soviet Union has since 1979 slowly established a major naval complex at the fomer U.S. base at Cam Ranh Bay in Viet Nam, about 750 miles west of the Philippines. The deep natural harbor at Subic Bay, 50 miles northwest of Manila on the South China Sea, is the primary support and logistics base for the U.S. Seventh Fleet's 80 ships and 550 aircraft. Four floating...

Author: /time Magazine | Title: Twin Anchors for American Might | 2/3/1986 | See Source »

...this month Hanoi will begin to disinter the remains of U.S. servicemen listed as missing in action since the Viet Nam War. Despite such concessions, however, Pham's country faces an array of diplomatic problems, including China's continuing hostility and U.S. unease over the Soviet naval presence at Cam Ranh Bay. Excerpts from the interview...

Author: /time Magazine | Title: An Interview with Pham Van Dong | 11/11/1985 | See Source »

...were an American leader, how would you feel about the Soviet presence in Cam Ranh...

Author: /time Magazine | Title: An Interview with Pham Van Dong | 11/11/1985 | See Source »

...real estate and insurance businesses four years ago at 38, discovered "there's only so much fishing a man can do." With $12,500, which this industry calls a pittance, he bought a Buckpasser grandson, and converted his cattle ranch to a horse farm. Not so long ago, Trainer Cam Gambolati was a Laundromat operator and a statistician on a Tampa Bay Buccaneers football team that won as few as no games a year...

Author: /time Magazine | Title: Sport: Spend a Buck, Make a Buck | 5/13/1985 | See Source »

...provided a measure of protection under the U.S. nuclear shield--even if external threats to life and freedom have seemed remote in the South Pacific. The U.S. is specifically concerned about the growth of the Soviet Union's blue-water navy, pointing to increasing Soviet use of facilities at Cam Ranh Bay, once the main U.S. military complex and naval base in Viet Nam. Says a U.S. official: "We are facing a real problem of Soviet penetration...

Author: /time Magazine | Title: Alliances Big Flap Down Under | 2/18/1985 | See Source »

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