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Over the smoke-blackened gate of the giant steelworks in the Czech town of Pilsen, two notable emblems stand side by side. One is the world-renowned trademark of the century-old firm of Skoda, a winged arrow in a circle. The other is the red star of Communism. The famed plant that munitioned Central Europe's armies through two world wars is now the Skoda Lenin Works, a smoking, clanging symbol of a bold Russian ambition: to bind together all the productive skills of the seven East European satellites into one Moscow-managed economic community...

Author: /time Magazine | Title: Foreign News: The Rise of COMECON | 7/4/1960 | See Source »

...Russian iron ore for their new $1.5 billion steel plant rising at Kosice, the Czechs have had to sign a contract to supply the Russians with mining machinery to help boost Soviet ore production. So prickly, in fact, are the hedges between COMECON partners that in the pipeline network now being laid to carry Volga oil to East German, Czech and Hungarian factories, each country builds and owns the part within its territory. "There is no charity among Communists," says a Czech official. "Business is business...

Author: /time Magazine | Title: Foreign News: The Rise of COMECON | 7/4/1960 | See Source »

Less Visible Chains. Because the Soviet Union alone is excused from limiting itself to certain specialties, COMECON is fast binding the satellites to greater dependence on Russia than they knew in Stalin's time. By 1965 Russia's share of Czech foreign trade will rise from a third to more than half...

Author: /time Magazine | Title: Foreign News: The Rise of COMECON | 7/4/1960 | See Source »

...army that gobbles up 50% of the budget. Commerce had slowed to a near standstill; in central Java only 50 sugar mills were operating (v. 120 prewar), and some 200,000 mill workers were unemployed. Everywhere, there was graft, red tape and spectacular inefficiency. Shiny new Czech tractors proved useless in the flooded rice fields; some 30% of a 100,000-ton Swedish shipment of cement had turned to rock because no one thought to bring it in out of the rain...

Author: /time Magazine | Title: INDONESIA: Home Is Where Trouble Is | 6/20/1960 | See Source »

Nedelin, 57, was virtually unknown in the West-except to other general staffs-until a month ago, when Khrushchev, in an offhand remark at the Czech embassy, revealed that the marshal had been given command of Russia's brand new rocket force. A member of a favored branch (Stalin once called artillery "the God of war"), Nedelin became adept in World War II at Stalin's vaunted "artillery offensives," massing 300 pieces or more for each kilometer of front. His rise to favor with Nikita apparently began when both men were serving in the Ukraine during...

Author: /time Magazine | Title: Foreign News: Who's at the Button? | 6/13/1960 | See Source »

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