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...Writing in the current Foreign Affairs, former Presidential Adviser McGeorge Bundy, now president of the Ford Foundation, speculates that the Communists may quietly call it quits once they become convinced that U.S. power and perseverance will deny them victory. "If the Communists do decide that their present purposes exceed their capacity," says Bundy, "may they not prefer a private decision to a public admission...

Author: /time Magazine | Title: The War: Seeing Things Through | 12/30/1966 | See Source »

...Recommend an initial defense outlay for fiscal 1968 that, from all present indications, can only exceed the current level...

Author: /time Magazine | Title: Defense: Birthing a Behemoth | 12/2/1966 | See Source »

...money and inflating prices-the cost of living jumped last month by another four-tenths of 1%, is 141% above the 1957-59 average. But they are still basically bullish. Reason: most of the thousands of people whom Katona surveys expect wage hikes in 1967 to equal or even exceed the raises that they...

Author: /time Magazine | Title: The Economy: Consumer Crosscurrents | 12/2/1966 | See Source »

...generation of cargo planes begin arriving in 1970-including the Boeing 747, which will haul 2½ times the 45-ton capacity of the 707 freighter-passenger operations may well take the back seat. "Within eight years," says American's Chairman C. R. Smith, "our freight volume will exceed our passenger traffic...

Author: /time Magazine | Title: Transport: First Class for Freight | 11/18/1966 | See Source »

...same time, the Labor government's spending has expanded despite Wilson's promise of restraint. In September, public-housing starts topped private housing 18,000 to 14,900. By the second half of 1967, predicts the London and Cambridge Economic Bulletin, public capital spending will exceed private capital investment, $3.70 billion to $3.65 billion, thus giving nationalized industry predominance in the British economy for the first time. The decline of demand, employment and profits has eroded investor confidence. Prices on the London stock exchange fell to 1966 lows last week, down 22% since June. The pound, too, slipped...

Author: /time Magazine | Title: Britain: Too Much Deflation? | 11/4/1966 | See Source »

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