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...proposals have been hotly debated at a series of secret meetings in the White House. The State Department is dead set against foreign aid cuts or troop withdrawals, and the Commerce Department argues that restrictions on investment would destroy the U.S.'s reputation as the world's freest capital market. The White House figures that a "head tax" on outward-bound tourists would be political poison...

Author: /time Magazine | Title: Money: De Gaulle v. the Dollar | 2/12/1965 | See Source »

Saudi Arabia's King Saud keeps some $20 million there, and Jordan's King Hussein has several secret accounts (he signs his checks on one account with a pen name, "The Eagle"). Such depositors appreciate the fact that Lebanon has one of the world's freest capital markets and a Swiss-like secrecy law so rigid that any loose-tongued banker can be jailed for two years. Beirut's safety has also impressed some of the usually suspicious sheiks of the Persian Gulf. Sheik Shakhbut of Abu Dhabi, who earns $1,000,000 a week from...

Author: /time Magazine | Title: Middle East: Beirut: The Suez of Money | 10/23/1964 | See Source »

...horny-handed Somali ballot stuffer came down with a skin rash. That took care of most repeaters. Despite scattered reports of overenthusiastic balloting, not to mention a slight riot (13 dead, 20 hurt), Somalia's election was the straightest in its young history-and one of the freest in all Africa. All but final results announced last week gave the ruling, middle-road Somali Youth League of Premier Ab-dirashid Ali Shermarke 68 of 123 seats in the unicameral National Assembly...

Author: /time Magazine | Title: Somalia: The Indelibles | 4/10/1964 | See Source »

...journalists, their translations of your writers. Today it's better. We can get your novels, and even some Western newspapers and magazines if we really want to. But we still have a long way to go. We want most what is forbidden--like abstract art. Our music is the freest. The politicians can't understand it, so they don't try to control it. But our architecture--terrible. You've seen the University in Moscow? The Church of Socialism, we call it. And these new apartment buildings? Paper boxes. It's good that people are getting houses for the first...

Author: By Adam Hochschild, | Title: Russian Youth Found Idealistic But Angered By Country's Flaws | 2/4/1964 | See Source »

...General Park Chung Hee, 46, boss of South Korea's military junta, doffed khaki for mufti last August to run for President, many expected an elaborately rigged election ending in a landslide for Park. It did not happen that way. Park won-but just barely, and after the freest, most honest election South Korea has known...

Author: /time Magazine | Title: South Korea: Slim Mandate | 10/25/1963 | See Source »

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