Word: koreas
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Dates: during 1960-1969
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...years since U.S. troops wrested Okinawa from Japan at a cost of 12,500 American lives, the 60-mile-long island in the East China Sea has been built up as the Pentagon's "Keystone of the Pacific," its most vital staging area for operations from Korea to Viet Nam. A bustling bastion just 500 miles southeast of Shanghai, it is honeycombed with 91 military installations accommodating 45,000 U.S. troops, It is also, however, a growing threat to harmonious U.S.-Japanese relations. A quarter-century after the war, the continued rule of 1,000,000 citizens of Okinawa...
...case Washington did not get the message, Thieu was saying much the same thing on visits to the two other most staunchly anti-Communist countries of Asia, South Korea and Taiwan. In Seoul, as balloons held aloft huge Vietnamese and Korean flags, he warned against "a false peace, a counterfeit peace." South Korea's tough President Chung Hee Park, who has sent 50,000 of his own men to South Viet Nam, agreed with his guest that a coalition with the Viet Cong was out of the question and that recognition of the legitimacy of the present government would...
...domestic recovery ahead of foreign adventure for some time to come. Even before the Cultural Revolution, China was too weak in air, sea and industrial power to sustain a modern war much beyond its borders. However absurd it may seem to Americans, the Chi nese regard their actions in Korea and Viet Nam as defensive, and those in Tibet and India as attempts to regain territory that all Chinese (including the exiled Nationalists) have long claimed...
Wall Street, and much of the American business community, favors what Economist Paul A. Samuelson calls a "dovish-bullish syndrome"-which conjures up visions of a hybrid creature with wings, hooves and horns. Recent history shows that peace pays. World War II and Korea were followed not by the depressions that had been predicted, but only by mild recessions that were soon erased by new bursts of prosperity. A stand-down in Viet Nam would help both to cool inflation and to open new opportunities for dealing with some of the social ills that hurt the nation and its economy...
...Stein, of how the transition should be made. No one expects a difficult conversion, partly because the war has driven a relatively small wedge into the economy. The defense budget accounts for only 9% of the nation's output of goods and services, compared with nearly 13% in Korea and 41% in World War II. Direct spending on the war amounts to 3% of the gross national product, and some 1,500,000 people hold war-related jobs...