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...Josef Strauss uses the word Ausverkauf-meaning sellout. The U.S. Government has frowned on it as a plague on the balance of payments. No matter what it is called, the fact remains that one of the most significant developments of the post-World War II world is the great leap by U.S. corporations into overseas markets-whether by direct investment in plant and equipment or by acquisition of foreign companies. In making that leap, American companies have begun to reshape themselves into global organizations to which national boundaries-and such narrow definitions as domestic or foreign -mean little...

Author: /time Magazine | Title: Industry: The Long-Term View From the 29th Floor | 12/29/1967 | See Source »

Mexico in 25 years has gone from importing food to becoming self-sufficient. Indeed, new breeds of Mexican wheat have gone to Turkey for the production of a huge new crop, to India, whose wheat harvest will leap 25% this year, and to Pakistan. If the winter rains are right, Pakistan will become self-sufficient in wheat next April for the first time. A new U.S. Department of Agriculture "doublecross" hybrid has made Kenya self-sufficient in corn. In Southeast Asia, the newly developed IR8 rice strain has been tested in Thailand, South Viet Nam, Indonesia, Burma and the Philippines...

Author: /time Magazine | Title: Nation: Harvests of Hope | 12/22/1967 | See Source »

...after five more minutes of sloppy play in the second half, Kanuth caught fire, 6'5" junior Chris Gallagher started to leap and, fortunately, the Huskies cooled off rapidly...

Author: By Richard D. Paisner, | Title: Northeastern Five Wins, 62-57, As Crimson Rally Barely Fails | 12/19/1967 | See Source »

...founding of Stevenson Hall represents a leap forward in the progress of the Princeton social system. In five years the University may be running nearly all the clubs and they will probably look very much like Stevenson. As more and more sophomores decide that private clubs are not for them, the clubs will feel a financial squeeze. They need members to survive. Even now, Goheen is secretly negotiating with three more clubs. They might be bought out before February...

Author: By James K. Glassman, | Title: Princeton Revisited: Clubs Are Changing | 12/12/1967 | See Source »

...Water). "When they are born with a TV set in their room-well-you can't fool them any more." Or at least, it might be added, not in the same way. Director Richard Lester, who got his start on TV, believes that television's abrupt leap from news about Viet Nam to Corner Pyle to toothpaste ads expands people's vision. "TV is best at those sudden shifts of reality. TV, not Last Year at Marienbad, made the audience notice them for the first time...

Author: /time Magazine | Title: Hollywood: The Shock of Freedom in Films | 12/8/1967 | See Source »

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