Word: heaths
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Although Watergate has hardly enhanced the atmosphere, Nixon's effort at "joint statesmanship" has already begun. He discussed his notions of a redefined relationship with Britain's Prime Minister Edward Heath in Washington last February, and with Italian Prime Minister Giulio Andreotti two weeks ago. West German Chancellor Willy Brandt is due in the U.S. this week; France's President Georges Pompidou is also scheduled to meet Nixon before Soviet Party Boss Leonid Brezhnev arrives for his long-awaited U.S. tour in June...
...back to Saigon from the U.S., South Vietnamese President Nguyen Van Thieu got the cold shoulder throughout Europe. Britain's Prime Minister Ted Heath decided to helicopter Thieu to a private meeting at Chequers rather than chance an ugly demonstration in Whitehall. In Bonn, 2,500 leftist rioters wrecked the 18th century town hall to protest the visit, while in Hannover, Chancellor Willy Brandt bluntly told a cheering audience: "Some visitors one would rather see leaving than coming." Choppered over Rome, again to avoid demonstrators, Thieu dropped in at the Vatican, where Pope Paul VI urged him to release...
...irreplaceable sculptures into fragments for easy transport. In March 1971, Archaeologist Ian Graham, a research fellow in Middle American archaeology at Harvard's Peabody Museum, entered La Naya, a Mayan site in Guatemala; looters opened fire, killing his guide Pedro Sierra. In Costa Rica, says Dr. Dwight Heath of Brown University, who spent a Fulbright year there in 1968-69, "One percent of the labor force was involved in illicit traffic in antiquities-which means there are more bootleggers in that little country than there are professional archaeologists in the whole world...
Beneath the lollipop blandness, however, the new budget represents a long gamble on the part of the Conservative government. Prime Minister Edward Heath is determined to continue his fight against inflation by maintaining what Nixon-watching officials call his "Stage II" controls on wages, prices, profits and dividends. At the same time, he wants to stimulate the economy to maintain the present growth rate of 5%. To achieve this, he is prepared to increase government spending by 14%, without increasing taxes, and to accept a budget deficit of $11 billion next year...
...assault on the dollar caught nearly everyone off guard, since it came only 17 days after the dollar's second devaluation since December 1971. "There is no rational justification for such enormous quantities of dollars to pour into West Germany," said British Prime Minister Edward Heath, who arrived in Bonn for a long-planned conference with Chancellor Willy Brandt the day the crisis broke. Economists obviously agreed. Alan Greenspan, a member of TIME'S Board of Economists, asserted: "On the question of how much in foreign goods a dollar will buy, U.S. currency may well no longer...