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...what is normal? Last week Clifford said he was "not aware of any increase in infiltration" since Johnson's March 31 order to curtail the bombing. But Dean Rusk, testifying on the foreign-aid bill before a House committee, said infiltration had increased. Indeed, some intelligence sources claim that 30,000 infiltrators poured into the South in April alone?a 2½-fold increase over the normal rate?and that their weapons were new, excellent and plentiful...

Author: /time Magazine | Title: Nation: THE VERY FIRST STEP | 5/10/1968 | See Source »

...imports. The government thereupon had to impose rationing, buy its goods in more expensive markets and ship by air and truck routes the bulk of the copper that once moved cheaply over Rhodesia's railroad to ports in Mozambique. As a result, Kaunda has had to curtail his $1.2 billion four-year development plan. Because of high black unemployment, average income is only about $200 a year...

Author: /time Magazine | Title: Zambia: Sweat & Sweets | 5/10/1968 | See Source »

...dollar-weakening balance of payments deficit and renewed peril for the free world's monetary and trade system. Chances of improvement seem slim. Congress has shelved the President's proposals to curb tourist spending abroad; rising costs of the Viet Nam war could forestall Government promises to curtail its spending overseas. Thus, it was hardly a surprise last week when the free-market price of gold -a seismograph of foreign anxieties over the dollar-inched up to $39.60 per oz., its peak since the April 1 reopening of the London gold market...

Author: /time Magazine | Title: Trade: Can the U.S. Still Compete? | 5/10/1968 | See Source »

...reluctance to raise its own discounts and add more upward pressure to housing costs results in a rush to dump loans on Fannie Mae. The association's resources get swamped, and it is forced to curtail purchases just when they are needed most to sustain housebuilding. When Fannie Mae moves to charge an increased discount, private lenders demand still larger ones. In its effort to conserve dwindling funds during the 1966 credit squeeze, Fannie Mae refused to buy loans larger than $15,000-a decision which Lapin says led to "pernicious inequities and market distortions" because "high-cost areas...

Author: /time Magazine | Title: Mortgages: Shrinking the Federal Realm | 4/26/1968 | See Source »

...deal with. What many Americans forget, however, is that the U.S.'s South Vietnamese allies are not likely to sit back meekly while their fate is being decided. Last week, in the wake of President Johnson's dual decisions not to run for re-election and to curtail bombing of the North, Saigon's mood was one of deep apprehension. Despite U.S. protestations that it would not abandon Viet Nam, the country's leaders worried about what course the U.S. might take in peace talks and began rethinking how South Viet Nam should react...

Author: /time Magazine | Title: South Viet Nam: As Saigon Sees It | 4/12/1968 | See Source »

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