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...weeks ago to convert the Soviet Union from an in-and-out, market-disrupting buyer of U.S. grain to a steady customer that makes regular purchases in agreed-on amounts. Last week in Moscow, U.S. and Soviet negotiators signed a five-year agreement that should accomplish that goal and lessen the inflationary impact of future Soviet buying by enabling markets to anticipate it. In contrast to the furious criticism that has greeted past U.S. grain sales to the Soviets, this deal satisfied almost everyone except American farmers who wanted no limits of any kind on how much the Russians could...

Author: /time Magazine | Title: TRADE: Making the Soviets Steady Customers | 11/3/1975 | See Source »

...paradoxically, is Chinese fear of the Soviet Union, the very factor that brought the U.S. and China together in the first place. Seldom has the Sino-Soviet dispute been so heated. Believing that detente has made the Soviets stronger, Peking has heaped vitriol and ridicule on any move to lessen East-West tension. Kissinger's concern for detente has affected his standing with the Chinese. "To Peking," says a Western diplomat, "Kissinger is soft on the Soviets. Détente involves an element of trust the Chinese feel is excessive." Beyond that, Premier Chou Enlai, who collaborated with...

Author: /time Magazine | Title: DIPLOMACY: Working from a New Map in Asia | 10/27/1975 | See Source »

...industrialized world by the Arab producers imposes tight new limitations on U.S. action. As economic activity picks up in the U.S., it will be compelled to import more oil. That could drive upward the U.S. deficit in its balance of payments, which, in turn, might force the Government to lessen the pace of the recovery. Unless the U.S. summons up a high degree of self-discipline and coherent economic policy, the nation could blunder into the frustrating pattern of stop-go economics in which every boom would be choked off by the ever-present counterforces that it unwillingly-but inevitably...

Author: /time Magazine | Title: OUTLOOK: The Upturn: How Soon? How Strong? | 5/5/1975 | See Source »

King and Mills warn that the 90-minute procedure, which cannot be used in all cases of septal defects, must pass the test of time. But where the umbrella technique is appropriate, they hope it will lessen the complications-and cut the costs-for patients who would otherwise have to undergo open-heart surgery...

Author: /time Magazine | Title: Medicine: Aiding Ailing Hearts | 5/5/1975 | See Source »

...economic decision-making Dunlop emphasized, all views should be "pulled together" and considered. Some important contributors to the decision-making process, he said, need to be shown that short-rang planning or an overly abstract approach will lessen the effectiveness of economic policy...

Author: By Peter A. Spiers, | Title: Dunlop Calls Fault In Decision-Making Key Economic Woe | 4/11/1975 | See Source »

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