Word: ike
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...Warded off a third housing-bill veto by accepting White House direction on where to make further cuts (the $50 million college-classroom program, a spread-out in the spending of $650 million urban renewal funds), but retained some of the Ike-disliked features (a $50 million program to build homes for the elderly, extra public-housing starts) in a $1 billion bill that is still high ($200 million above budget) but less than half its original Democratic size...
...Raised, after months of dead-against opposition, the federal excise tax on motor fuels by 1? (Ike asked for 1½?) to finance the fund-short, 41,000-mile highway program. Result: the gas tax goes to 4? Oct 1. ¶Rejected again the Administration demand for abolition of interest-rate limits on Government bonds, thus left Treasury unable to manage the $290 billion public debt effectively in today's high, changing money market (see BUSINESS). In a minor concession, a House-Senate conference boosted the 3.26% ceiling on popular E and H savings bonds to 4.25%, thus permitting...
More startling, and potentially perhaps even more important, were the effects of Ike's initiative behind the Iron Curtain. In the U.N. Security Council Russia accepted with uncharacteristic calm the proposition that its cherished veto power did not apply to the dispatch of a U.N. team to investigate Communist aggression in Laos. And from Moscow came a determinedly noncommittal Kremlin announcement on the border dispute between Red China and India. Clearly concerned lest Mao Tse-tung's aggressiveness sabotage Khrushchev's dream of establishing "Big Two" relations with the U.S.-and probably concerned, too, at the setback...
...Europe Ike's pre-Khrushchev consultations had triggered eventful and long-postponed decisions. France's Charles de Gaulle, after a year devoted to cautious, almost imperceptible maneuver against both Moslem rebels and self-professed French patriots, drew himself up at last to announce his plan for staunching the hemorrhage of civil war in Algeria. In Britain Prime Minister Harold Macmillan, capitalizing on the sunburst of Ike's public personality, quickly called elections that could give the Tories five more years in power...
...Spain collecting more of what an unfriendly critic once called "Bull in the Afternoon," Novelist Ernest Hemingway took time out from research on a new book to answer an invitation from the Soviet Union's Literary Gazette. Would Papa come to Russia with Ike? "Why should I go to Russia while there is bullfighting in Spain?" If the Soviets would also invite Matador Antonio Ordonez (brilliant torero son of the bullfighter portrayed in The Sun Also Rises), Hemingway said he might reconsider...