Word: koreans
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Dates: during 1960-1969
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...remains very much under siege, and talk of devaluation early next fall still persists. Bankers from diverse parts of the world-Red China, Europe, the Middle East-have been converting their pounds into gold so rapidly that demand for bullion on the London market has soared to a post-Korean War high...
Task of Peace. Fifteen years ago this summer, on June 25, 1950, the North Korean Reds invaded the South-just as Rhee had predicted. By this time, the U.S. had got militant, too, and Harry Truman sent U.S. troops in defense of South Korea, rallying the U.N. to join the fight. As the fighting raged up and down the peninsula, it became clear that the eventual result was to be a military standoff near the 38th parallel. That was not good enough for Syngman Rhee, who publicly and furiously argued that unless all of Korea was reclaimed, the U.S. would...
Gaze of Respect. In the last exile in Hawaii, the now toothless "Tiger of Korea" lived on the donations of the local Korean community, first in a seaside cottage on Oahu, then, after a severe stroke in 1962, in a Honolulu hospital. There he died last week at the age of 90. His body was flown back to Seoul on board a special U.S. Air Force transport. Wary of possible repercussions among groups still bitter at Rhee's memory, President Chung Hee Park prepared Korea's second highest honor, a "people's funeral," instead of the full...
...speculation, they dislike uncertainty, and they can scare easily. What worries them now is that a greater U.S. commitment in Viet Nam might somehow impede the progress of the domestic economy and lead to the kind of controls on prices, wages and credits that were brought forth during the Korean...
...Government reports that it has no plans to impose controls. It figures that controls would not be necessary because both the private and the public sectors of the economy are large enough to absorb military escalation without much of a wrench. Treasury Secretary Henry Fowler, who during the Korean war was director of the Office of Defense Mobilization, points out: "When Korean fighting broke out, we had a defense budget of $10 billion. And there was no force in being to sustain large-scale fighting. By contrast, the defense budget for the past ten years has totaled more than...