Word: felted
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Dates: during 1960-1969
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...full impact of the event will not be felt for some time to come, perhaps years. Much as the Wright brothers' first flight and Lindbergh's epic changed forever the environment of man on earth, so will the moon landing change forever man's dependence upon his own earth for survival. The cosmos is his. Its vastness, which holds all the answers to life and death, is but now space to be transited in this effort...
...Russell Long, a Louisiana Democrat to whom 27½% oil-depletion allowance is most precious the reform-bill cuts the allowance to 20%). As Senate Democrats were squabbling, however, Long's House counterpart, Ways and Means Chairmen Wilbur Mills, who cherishes the House's constitutional prerogative to originate revenue measures, felt the public pulse and went ahead with what turned into the bill passed by the House last week (see story, page 19). After his initial hesitation, Nixon talked with Mills and Wisconsin's John Byrnes, the top Ways and Means Republican, and tossed into consideration some reform ideas...
...Frishman, who became the group's spokesman, wrestled with what to say to the public. To TIME Reporter Peter Babcox, who joined the flight in Zurich, Frishman recalled his first encounter with the press in Laos with a grimace: "I expected everyone to want to know how I felt or whether I was looking forward to going home, but all they wanted to know was how I had been mistreated." Clearly, he and the others were bursting to talk of their ordeal and their impressions-but they would...
...back to the U.S. In the first of two previous releases, the prisoners had been met in Laos by State Department representatives, who induced them to board military aircraft for the rest of the trip home, thus cutting them loose from their pacifist escorts. The North Vietnamese felt that this had reduced the propaganda effect of their gesture and were anxious to avoid a recurrence...
Wide Effects. The immediate effect of devaluation is to make French goods cheaper in world trade and visits to France less costly for foreign tourists. Both developments will bolster the French economy. The effects will be felt beyond France's borders, however. When the international money markets reopen this week, there are bound to be repercussions. The U.S. dollar should feel no strain because it still ranks as one of the world's strongest currencies, but the convalescent British pound seems certain to come under renewed speculative attack. Although London affirmed its determination to maintain the price...