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...Dudley White. In Boston, lawyers and businessmen have found that bicycles are the way to beat the traffic jams on their way to and from work. Radically new bike designs have also spurred the sport. Today's bike (which can cost up to $150 for a fancy French import) is lightweight, comes with ten or more gears, which take most of the effort out of climbing hills, and easily removable wheels that allow the bike to fit into the trunk...

Author: /time Magazine | Title: Recreation: The Forgotten Outdoorsmen | 6/10/1966 | See Source »

...bonanza at Barrow will treble Australia's production of crude, reduce the amount of foreign exchange that it uses to import oil (now $280 million annually), and guarantee its future as one of the world's fastest-growing new oil sources. Together with the fairly new 10,000-bbl. wells at Moonie and Alton in the east, the find is probably the most important economic development in Australia since Merino sheep were introduced...

Author: /time Magazine | Title: Australia: Bonanza Down Under | 6/10/1966 | See Source »

U.N.C.L.E. may end up crying aunt as Steed (Patrick Macnee) and his partner Mrs. Peel (Diana Rigg) kick up all kinds of heels on this fine British import series...

Author: /time Magazine | Title: Television, Theater, Records, Cinema, Books: Jun. 3, 1966 | 6/3/1966 | See Source »

Under the plan, known officially as the Commodity Import Program, AID allows the Saigon government to license individual Vietnamese entrepreneurs to import U.S.-approved products, about half of which are American. The U.S. pays the foreign supplier for the purchase in AID dollars; the local importer pays in Vietnamese piasters (at the official exchange rate of 60 to $1) and the piasters are channeled into the Saigon government's deficit-ridden defense budget. The importer owns the goods, to dispose of pretty much as he chooses...

Author: /time Magazine | Title: The War: Strayed AID | 5/20/1966 | See Source »

...that his government "would be ready to enter the European Economic Community provided essential British and Commonwealth interests were safeguarded." His Common Market pronouncements during the election campaign had baldly demanded that British conditions for entry-such as freedom to purchase wheat and sheep from Canada and Australia without import levies-be met before he would consider membership. Then came the little firecracker that almost everyone expected, even though many wondered why it should be lighted...

Author: /time Magazine | Title: Great Britain: The Laborious Parliament | 4/29/1966 | See Source »

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