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...work practices are discouraging some U.S. companies, new U.S. investment in Europe this year will run about 4% under the prevailing $3 billion annual rate, and may slide even farther next year. Meanwhile, the value of European-owned plants and equipment on U.S. soil is rising sharply. The total crept up from $2.2 billion in 1950 to $7 billion last year, will sprint to $10 billion this year. That may be only the beginning. In a recent speech before a group of U.S. bankers, Jacques Maisonrouge, the French-born head of IBM World Trade Corp., echoed the conviction of many...

Author: /time Magazine | Title: Western Europe: Swing of the Pendulum: Investing in the U.S. | 11/1/1968 | See Source »

MILES DAVIS, MILES IN THE SKY (Columbia). Some small changes have crept into Trumpeter Davis' newest recording. He plays meaner, less prettily. In Paraphernalia, Guitarist George Benson augments Davis' usual group, which consists of Pianist Herbie Hancock, Tenorman Wayne Shorter, Bassist Ron Carter, Drummer Tony Williams. In Stuff, Hancock plays an electric piano that, coupled with Williams' steady rock beat, gives an earthier, more organic undertow to the trumpet's aerial treks...

Author: /time Magazine | Title: Television: Oct. 11, 1968 | 10/11/1968 | See Source »

...soon after Britain's four-year-old monetary crisis, which has forced Wilson to undertake salvage measures that the unions claim have put an intolerable pinch on workingmen. Britain is mired in its longest period of high unemployment since World War II. Money is tight, and prices have crept upward since last November's devaluation. Britain depends heavily on imports, notably food, and the lowering of the pound's value relative to foreign currencies made imports more expensive. At the same time, to hold down the price of British goods abroad, the government, over bitter union protests...

Author: /time Magazine | Title: Britain: Party Divided | 10/11/1968 | See Source »

...most active members of the intelligentsia, I will guarantee absolute tranquillity within the country." He was given at least a partial mandate. A few months later, his men quietly rounded up some 150 to 300 intellectuals in Leningrad. A new, sinister note crept into the charges: "Conspiracy to armed rebellion." The secret police claimed to have smashed an underground terrorist network, extending to arrests of related groups in Sverdlovsk and several towns in the Ukraine...

Author: /time Magazine | Title: World: THE WRITER AS RUSSIA'S CONSCIENCE | 9/27/1968 | See Source »

There were no mortars, but the two dozen guerrillas that crept up to the base one night last week carried AK-47 automatic rifles and satchel charges. The men penetrated the northern edge of the base at a point where there was no fence. Thai guards responsible for base security flashed the alarm. By that time, however, the intruders had already damaged two planes, an F-4D Phantom fighter bomber and a C-141 jet transport fitted for medical evacuation. In the confusing half-hour firefight that ensued, a Thai guard was killed and four Americans were wounded, one critically...

Author: /time Magazine | Title: Thailand: Hitting a Haven | 8/2/1968 | See Source »

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