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...Senate cut such trade roughly in half. It voted to limit arms trade by the U.S. Export-Import Bank with underdeveloped countries to 7½% of the bank's lending capacity, thus slashing by 50% next year's planned $256 million in such loans. After that, Minority Leader Everett Dirksen lost a battle to bar Ex-Im Bank from financing machine tools for an Italian Fiat plant in Russia, but Virginia's Harry Byrd succeeded in getting through an amendment forbidding Ex-Im to ex tend credit to governments that send supplies to any nation "with which...

Author: /time Magazine | Title: Foreign Relations: Arms & the Bank | 8/18/1967 | See Source »

Beach Red. Peter Bowman's moving free-verse novel about a Marine detachment on a World War II Pacific beach head was an understated masterpiece. In turning it into a film, however, Actor-Director Cornel Wilde has under lined its import so heavily as to convert Bowman's subtle poetry into monumental mawkishness. The message, that war is hell and soldiers are better off holding hands with the girls back home, is pounded out with a naivete beyond belief...

Author: /time Magazine | Title: Cinema: War Is Soap | 8/18/1967 | See Source »

...Harvey and Haliday turn the moviehouse-coffee house which they started in 1953 into the boutique empire which they possess in 1967? Largely by filling their movie house with movies which they themselves imported. Their company, Janus Films, was the first to import Fellini, Antonioni, and Bergman. Last year, they sold Janus Films (for quite a handsome profit) partly because they were being squeezed out by the big companies, and partly because buying films was "an ulcer business." "You had to make your decision two minutes after you saw the film, and you never knew whether it would...

Author: NO WRITER ATTRIBUTED | Title: Blow-up Scene? AntonioniFilm? See It at the Brattle | 8/18/1967 | See Source »

Castello quickly introduced reforms, but he went at his job like a surgeon with a dull knife. In a series of decrees, he tightened credit, cut government spending 30%, canceled ruinous import subsidies, and brought the rate of inflation down to 41% by last year. To clean out Communists and political corruption, he stripped almost 800 Brazilians of their political rights and abolished all political parties except for a catchall government party and a token opposition. To guard against any return to the old ways, he also wrote a new constitution that provided for indirect presidential elections by Congress...

Author: /time Magazine | Title: Brazil: The Price of Unpopularity | 7/28/1967 | See Source »

...leaders is that they are all women. One of them, Mrs. Tran Thai Muor, is vice president of the Saigon Chamber of Commerce. Another, Miss Bich Tuy Truong Thi, is general manager of Socipha, a drug manufacturing house. Others are involved in retail selling, manufacturing, pharmacetuicals, chemicals and textiles, import-export business...

Author: NO WRITER ATTRIBUTED | Title: 46 Vietnamese Women To Study at B-School | 7/11/1967 | See Source »

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