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LAST WEEK'S Senate ratification of the Panama Canal Treaty marks the welcome completion of an interminably long debate over an issue whose importance has been blown more out of proportion than any in recent memory...

Author: NO WRITER ATTRIBUTED | Title: Panama Treaty | 4/28/1978 | See Source »

...gave in. With White House support, the reservation was approved by the Senate. On the face of it, the reservation did not seem to change significantly the original treaty and subsequent "understanding" between Carter and Panamanian Chief of Government Omar Torrijos that provided for the American defense of the canal if it was endangered. But by gratuitously spelling out the right of the U.S. to reintroduce troops into Panama for virtually any reason, DeConcini grievously offended Panamanian national pride. It was the issue of sovereignty that had prompted negotiations in the first place...

Author: /time Magazine | Title: Nation: Last Test of a Battered Treaty | 4/24/1978 | See Source »

Torrijos badly needs the treaty to give a boost to Panama's economy. The pact would increase Panamanian canal revenues from $2.3 million a year to as much as $60 million if tolls are raised and traffic is sustained. But if forced to choose between economic malaise and national humiliation, Torrijos may have to abandon the treaty. Indeed, his country may give him no choice...

Author: /time Magazine | Title: Nation: Last Test of a Battered Treaty | 4/24/1978 | See Source »

...Carters on ten occasions since the President's Inauguration, a count partly substantiated by records in Washington. He twice attended soirees at the White House: one in March 1977 to honor British Prime Minister James Callaghan, and another in September to mark Carter's signing the Panama Canal treaties. Last June 23 he flew from Washington to a fund raiser in New York aboard Air Force One as a "personal friend to the President." Gregory made his twin-engined Beechcraft available to ferry Carter's mother, Miss Lillian, to a wedding in Fayetteville, N.C., in December. Trinkets...

Author: /time Magazine | Title: Nation: Unwanted Donor | 4/24/1978 | See Source »

...Strauss has used the telephone on his large French-provincial desk (adorned with a plaque asserting IT CAN BE DONE) to carry out many presidential missions. He has helped in pressuring coal companies to accept union demands during the recent miners' strike, promoting approval of the first Panama Canal treaty and persuading Senators to clear the nomination of G. William Miller as Federal Reserve chairman. The day after the committee swung behind Miller, Strauss told him: "Mondale and I worked that Banking Committee from A to Z yesterday. Now you can go to work...

Author: /time Magazine | Title: Business: The Rise of Robert Strauss | 4/24/1978 | See Source »

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