Word: indo-china
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...camera. Editor Hagerty clipped out some sequences in which the President was not at his best, e.g., on the confusion in the Administration's security risk program (see below), but he left in a slip of the tongue which had the President saying Indonesia when he meant Indo-China. More reporters than usual wore television-blue shirts and eager looks, but the President maintained his customary earnest demeanor as he answered questions ranging from the Tachen crisis in Asia to how he likes his job (its blessings are "not wholly unmixed...
...inner chambers. For intimate guidance, Mendès now relies on only three disciples-Jean Soutou, 43, and Claude Cheysson. 35, who are intelligent Quai d'Orsay types, and Simon Nora, 33, who is something of a financial wizard. Even emissaries specially summoned from as far away as Indo-China find themselves closeted with the young aides for lengthy interrogations, then see the well-briefed Premier himself for an hour or less...
France. The bull on the Paris Bourse did even better; stock prices were up an average 58% in the past year. Chief reason: peace in Indo-China, which not only helped give a boost to such peace stocks as autos (up 112%) but also brought about repatriation of big French investments in Indo-China. Aciéries de Longwy (steel) jumped from $38 a share to $73; Suez Canal shares rose nearly 50% to $350. Most spectacular gain: Esso Standard of France, which soared almost 1,000% following the discovery of oil near Bordeaux (TIME, Sept...
could destroy them, the Communists attacked in Korea. The U.S. limited its reply. Korea behind them, the Communists redoubled their interest in Indo-China. The U.S. answered with a threat of "massive retaliation"-which was not carried out. In those cases, the Reds relied on a U.S. reluctance which will be obviously much stronger when, by 1960, the Russians possess the means of annihilating...
...recent paper by the Center of International Studies at Princeton is regarded among Pentagon planners as the best statement of the danger of overdependence on the doctrine of massive retaliation. Korea and Indo-China, says the paper, are symbols (especially to the Communists) of how a nation that can massively retaliate may yet be challenged successfully. In the long run, the erosion of repeated U.S. failures of the Indo-China type could be nearly as disastrous as all-out thermonuclear war. Therefore the U.S. must do more than maintain its strategic deterrent: it must also establish a tactical deterrent...