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Such conviction in the sensitivity of the Peace Corps does not embrace every citizen of the country, nor each country, perhaps, in which the Peace Corps serves. But conviction balances doubts and demands not rejection but improvement. The complexity of development does not diminish its urgency, unless the riots of New Haven and Detroit suggest that progressive majors are now superfluous manpower...

Author: By Russell Schwartz, | Title: The Peace Corps Replies: A Project Director Responds to Criticism | 2/8/1968 | See Source »

That prescription was barely a day old when France adopted it last week. Hardly famous for their international cooperation, the French acted chiefly in response to internal pressures-but that will not diminish the result. Concerned over 4½% (and still rising) unemployment, the Gaullist regime took steps to pump $675 million of new spending money into the sluggish French economy. The government raised family allowances (which form a major part of the income of the poor) by 41%, boosted old-age pensions by $20 a year, and granted a 15% cut in personal income tax payments...

Author: /time Magazine | Title: Balance Of Payments: A Confluence of Self-interest | 2/2/1968 | See Source »

...Cologne Opera's Istvan Kertesz, 38, an unspectacular Hungarian, restricts himself to beating a steady rhythm with his right hand while flicking unobtrusive signals with his left-yet he radiates authority. His solid reputation as a traditionalist does not diminish the currents of conviction and warmth that he stirs into a composition. Armed with a wide repertory, he is equally effective in music as dissimilar as Mozart and Bartok...

Author: /time Magazine | Title: Conductors: Gypsy Boy | 1/19/1968 | See Source »

...against Israel, Feisal promised to send $140 million a year to help repair Egypt's ruined economy; Nasser, in turn, agreed to withdraw the troops that had been propping up his puppet regime in Yemen. The agreement, however, is only a temporary mask that covers but does not diminish the basic enmity between the two men. "Without question," says a confidant of the King, "Nasser is the No. 1 devil to Feisal...

Author: /time Magazine | Title: Saudi Arabia: Keeping Devils at Bay | 1/12/1968 | See Source »

...Work. The inflation, however, should diminish somewhat by midyear and the overall increase in the consumer price index, as a result, will be about 3.4%. Steadier prices plus high employment-but with younger unskilled workers a drug on the market-could put the consumer in a spending mood, depending on tax increases. Consumer spending on goods and services will increase during the year, with the greatest increase-7.5% to an average $218 billion-again in the service area. Housing expenditures should reach about $27 billion by the fourth quarter, or roughly the same as last year, but could go higher...

Author: /time Magazine | Title: The Economy: Continued Uneasy Prosperity | 1/12/1968 | See Source »

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