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...recent Soviet diplomacy. ¶By putting too much overt pressure on Yugoslavia's Marshal Tito, Khrushchev last week drove Yugoslavia to a public challenge of Soviet primacy in Eastern Europe (see below). In the process, Khrushchev also ineptly stirred up the ticklish relations between Russia and Poland. Fortnight ago. in deference to the knowledge that the U.S.S.R. could bring Polish industry to a standstill in six weeks by cutting off raw-materials shipments, Poland's Wladyslaw Gomulka took steps that were bound to increase his unpopularity at home. In response to pressure from Khrushchev. Gomulka curtailed the power...

Author: /time Magazine | Title: COMMUNISTS: Bad Week for Them | 5/5/1958 | See Source »

...mistake of exiling him in 1953. and the ultra-nationalist Istiqlal Party, which led the agitation for independence. Recognizing Istiqlal strength, Mohammed filled his Cabinet with Istiqlal men but chose as first Premier pro-Western Si M'Barek ben Mustapha el Bekkai, a man without a party. Fortnight ago, at 4:30 one morning, the King had to summon Si Bekkai to his palace and proclaim his government dissolved...

Author: /time Magazine | Title: MOROCCO: Tipping the Balance | 5/5/1958 | See Source »

...Jack Paar Show, doughty Prattler Elsa Maxwell. 74. has merrily trampled and spiked the foibles, veneers and peculiarities of such vulnerable folk as Elvis Presley, Billionaire J. Paul Getty. Jayne Mansfield, "Fatso" Farouk, Linda Christian and many another moving target. But not until one evening a fortnight ago did the gaily irresponsible Elsa turn her gusty gall on one of the few name-and-I-droppers in the world who, pound for pound, can outgossip and outfeud her-Walter Winchell. The battle between the titans of Babel began when Host Jack Paar cued Guest Maxwell with a remark that Walter...

Author: /time Magazine | Title: Television: The Titans of Babel | 5/5/1958 | See Source »

...economy that has so far seen few breaks in prices, one commodity became cheaper last week: money. Following the drop in the Federal Reserve discount rate fortnight ago, major U.S. banks cut their prime rates-those for the biggest borrowers with the best credit-½% to 3½%, the second bankers' cut in the five months in which the Federal discount rate has dropped from 3½% to 1¾%. Other forms of short-term commercial paper, such as 30-to-90-day notes, also dropped ¼% to 1¼%. But for small borrowers and for consumers buying...

Author: /time Magazine | Title: STATE OF BUSINESS: The Price of Money | 5/5/1958 | See Source »

...last November Nikita Khrushchev threw out a new and threatening challenge: a worldwide Soviet economic offensive designed to cripple U.S. trade and capture the economies of underdeveloped and uncommitted nations. Since then, Soviet economic penetration has moved so fast that U.S. Ambassador to the United Nations Henry Cabot Lodge fortnight ago warned that the U.S. may have to face the question of subsidizing its exporters to keep them in competition with the Russians...

Author: /time Magazine | Title: RUSSIA'S TRADE WAR | 5/5/1958 | See Source »

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