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Worried by this vulnerability, the Vat ican Council urged diocesan bishops as well as parish priests who are "less capa ble of fulfilling their duties properly be cause of the increasing burden of age or some other serious reason" to resign voluntarily from office. Last month Pope Paul VI, who is 69, "earnestly request ed" that bishops and priests leave office on their own initiative...

Author: /time Magazine | Title: Roman Catholicism: Retirement for 200 Bishops | 9/30/1966 | See Source »

...CHEMICALS. The Europeans insist that the U.S. eliminate the so-called Amer ican Selling Price tariff on certain chemicals, mainly benzenoids used in dyes, medicines and plastics. The A.S.P. taxes these goods not on their actual value but on the market price of the same products made in the U.S., which is often much higher. The result is chemical tariffs running as high as 172%. The U.S. is willing to cut the A.S.P. in return for European concessions in other areas, but both sides are still far apart...

Author: /time Magazine | Title: Trade: A Will to Agree | 9/23/1966 | See Source »

...nearest thing, in economic terms, to waving a flag in front of a bull is to raise the memory of that great Amer ican trauma, the stock-market crash of 1929. Last week, in the midst of record prosperity, one of the nation's senior economic policymakers waved the red flag - and thereby showed how both ered and uncertain even the healthiest of bulls can become. With some well-timed but somewhat ill-chosen words, William McChesney Martin Jr., pres tigious chairman of the Federal Reserve System, brought out the mercurial char acter of Wall Street psychology, which finds...

Author: /time Magazine | Title: The Economy: Bill Martin's Red Flag | 6/11/1965 | See Source »

...Orval Faubus saw no reason to change the tactics that had won for him five consecutive two-year gubernatorial terms. So the "po' boy from Greasy Creek" unloaded corn pone on the electorate and calumny on the head of his Repub'ican opponent, Winthrop Rockefeller, Nelson's younger brother. Rockefeller's energetic campaigning and well-financed organization were not enough, and Faubus won by a country mile...

Author: /time Magazine | Title: The Governors: Among Them, Romney's Ramble | 11/4/1964 | See Source »

...A.A.U. championships, Oerter got off the best series ever managed by one man in one meet, fell short of Trusenev's record by just ½ in. As Russian Coach Gavril Korobkov said: "It would be no mistake to say that our fourth match with the Amer ican team will be the most difficult...

Author: /time Magazine | Title: Sport: Shooting for a Fourth | 7/6/1962 | See Source »

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