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...indeed surprising and somewhat disappointing, in the light of what economists now know about the mechanics of the balance of payments adjustment, that this package of direct controls over international-capital flows and foreign travel should be presented to the public as an operational remedy for the chronic American payments deficit. Even without considering possible foreign retaliatory measures, the combined negative "feedbacks" (e.g., reduced exports and return flows of earnings on loans and investments abroad) will do much over two or three years to reverse any immediate payments improvement brought about in this...

Author: /time Magazine | Title: Letters: Jan. 26, 1968 | 1/26/1968 | See Source »

Americans, watching the spectacle of chronic agricultural overproduction at home, find it hard to believe predictions of a future in which famine stalks a world too populous for the planet to feed. On the contrary, there is evidence that the future may not be so dire. This year's worldwide harvest is the greatest in history for the second straight year. And there are hopeful glimmers from the Rockefeller Foundation's experts that the world is making great strides toward feeding itself...

Author: /time Magazine | Title: Nation: Harvests of Hope | 12/22/1967 | See Source »

...turned out to be that chronic spoof John Kenneth Galbraith, who recently carried pseudonymity to its logical extreme by reviewing the pseudonymous Report from Iron Mountain under the pseudonym Herschel McLandress. One of the mysteries of the 1962 Vatican Council was the man named Xavier Rynne who wrote so knowingly of the proceedings for The New Yorker; it later developed that a Catholic theologian, Father Francis Xavier Murphy, then residing in Rome, did much of the writing. One author who has so far escaped detection is Raymond...

Author: /time Magazine | Title: Authors: Fool-the-Squares | 12/15/1967 | See Source »

...come on, California," wailed an editorial in the Montgomery Advertiser-Journal. "Let our people go. Are there not 66,059 patriots among you who will step forward to save the republic-before Alabama collapses through chronic absenteeism...

Author: /time Magazine | Title: Democrats: Wallace in the West | 12/8/1967 | See Source »

...this they have been badly trained. It is unlikely that even the best training programs could prepare Volunteers for the chronic emergencies and unanticipated obstacles they are likely to face abroad. Perhaps the early Peace Corps training programs whose Outward Bound components and intense lecture schedules resembled Marine Boot Camps were more helpful by virtue of their strenuousness and difficulty. The Volunteers who endured them may have gained self-confidence that they could endure still other hazards. Moreover, Peace Corps training programs bring together Volunteers from a wider variety of backgrounds within the United States than most of them have...

Author: By David Riesman, | Title: Peace Corps and After | 12/6/1967 | See Source »

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