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Hong Kong, a capitalist balcony dangling on the outer wall of Red China, has become the world's largest and most varied supermarket. In this customs-free and refugee-packed enclave, Chinese merchants flourish, and practically anything-Japanese pearls, French perfumes, mandarin furniture-sells for a fraction of what it costs elsewhere. "If you live here," says a Western resident of the British crown colony of Hong Kong, "you're always broke because there are so many things you can't afford not to buy." The casual traveler can order eight best-quality English worsted suits...

Author: /time Magazine | Title: HONG KONG: More Bargains than Beds | 5/30/1960 | See Source »

...jurisdiction of the World Court. It was one of the few major nations that declined to sign the 1944 Chicago Convention on International Civil Aviation, which says "every state has complete and exclusive sovereignty over the air space above its territory." It has questioned whether any treaty with a capitalist nation is binding on a Communist country. At its best, the body of international law is incomplete, inconsistent-and sometimes incomprehensible. But the U.S. has pledged to support and contribute to a world rule of law. The challenge facing the U.S. is to clarify existing law and to lead...

Author: /time Magazine | Title: LAW IN THE SKY: What Are the Rights of High Flight? | 5/23/1960 | See Source »

...unjust war" for which "Eisenhower and his ilk are actively making ready." Nuclear war is not something for Communists to fear, said Red Flag, for "on the debris of a dead imperialism, the victorious people would create with extreme rapidity a civilization thousands of times higher than the capitalist system...

Author: /time Magazine | Title: COMMUNISTS: The Dissenting Ally | 5/2/1960 | See Source »

Back to the Knitting. Soviet mills have boosted production, but both the quantity and quality leave much to be desired. This is what gives capitalist knitters their chance. In Moscow, admitted Krokodil, scores of underground knitting plants operate under the noses of the cops...

Author: /time Magazine | Title: Foreign News: Those Moscow Mules | 4/25/1960 | See Source »

...with Their Wheels. Even Soviet bureaucrats were acting like capitalist bureaucrats. Several months ago the government ordered all officials and executives to turn in their state-owned vehicles to a common motor pool. The decree has been more honored in the breach than in the observance. One brewery director refused to surrender his Moskvich sedan, pleading that it was needed to deliver beer. Moscow police stopped a small delivery truck bearing the sign, "Home Delivery of Buns and Crullers," discovered that it was delivering the bakery manager to the railroad station to meet incoming relatives. A roving reporter from Komsomolskaya...

Author: /time Magazine | Title: Foreign News: Those Moscow Mules | 4/25/1960 | See Source »

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