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...billion in 1973, with the dollar-ruble balance 7 to 1 in favor of the U.S., which buys Soviet vodka, platinum, diamonds and chrome ore and sells oil-and gas-drilling equipment, machinery and electronic gear, including computers. The Russians have been eager for loans and technological know-how, and so far they have got some of both. Only in May Nixon intervened with the Export-Import Bank to approve a $180 million loan for eight Soviet ammonia fertilizer plants and the attendant gear to move the fertilizer to distribution centers. Partially because of the Jackson amendment, however, Nixon...

Author: /time Magazine | Title: EAST-WEST: The Third Summit: A Time of Testing | 7/1/1974 | See Source »

...visit, the two Presidents announced a wide-ranging agreement that brought Egypt and the U.S. closer together than ever before-but will pose delicate problems for Nixon when he visits Israel this week. The President promised to try to provide Egypt with nuclear reactors and the know-how to operate atomic-power stations by the early 1980s. The main catch: working out a foolproof safeguard system to guarantee that the Egyptians could not use the nuclear equipment to make atomic weapons. The prospect of the Arabs' getting nuclear help from the U.S. raised immediate alarm in Israel...

Author: /time Magazine | Title: DIPLOMACY: A Triumphant Middle East Hegira | 6/24/1974 | See Source »

...America with so many historical liabilities. For blacks the way up is all the steeper, the climb the more arduous. What is encouraging is that they seem to be making a successful ascent. Thomas Pettigrew, a social psychologist at Harvard, believes that the middle class is gaining the "know-how to pass on from generation to generation." As it does, an increasing number of blacks will meet with whites on equal terms without the insecurities that beset both races. The best guarantee of durable, amicable race relations in America is the continued growth of a strong, self-confident black middle...

Author: /time Magazine | Title: RACES: America's Rising Black Middle Class | 6/17/1974 | See Source »

Other nations rejected India's explanation, noting that no distinction could be drawn between tests for peaceful purposes and those for arms development. Many diplomats feared that the test would help spur other nations with technical know-how into accelerating their efforts to join the nuclear club. As if to confirm that fear, Prime Minister Zulfikar Ali Bhutto of Pakistan warned that if India builds the bomb, "we will eat leaves and grass, even go hungry, but we will have to get one of our own. We have no alternative." At least eight other nations have the capability...

Author: /time Magazine | Title: INDIA: A Question of Priority | 6/3/1974 | See Source »

Prisons have long been recognized as schools for criminals, institutions that can - and often do - turn amateurs into professional lawbreakers. Lately, however, it has become obvious that the prison curriculum has broadened considerably. As if a trade school had turned into a university, the lessons in criminal know-how from fellow inmates have now shifted to a more general unofficial education in sociology, history and politics. The growth of the new curriculum has coincided with a widespread proliferation of new prison organiza tions. Some have provided a useful self-help structure; others have merely helped to pass the time constructively...

Author: /time Magazine | Title: The Law: Organizing Behind Bars | 5/13/1974 | See Source »

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