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...September he was forced to postpone the goals by scrapping the five-year plan for a seven-year plan ending in 1965. His foreign economic program is not going down well with Soviet citizens, who growl like any taxpayers at shelling out for others. The stubby little peasant worries lest the scientific and technological elite become an independent power force. He has slashed the high salaries some scientists have been getting. The party must reign supreme in the laboratory...

Author: /time Magazine | Title: MAN OF THE YEAR: Up From the Plenum | 1/6/1958 | See Source »

Helpless Fury. Distribution was the major problem, and in Indonesia's island republic, that meant ships. But most of Indonesia's ships are Dutch, and so are the captains. There are hardly any Indonesian pilots, and government officials dared not order Dutch captains to sea lest they surrender their ships to hovering Dutch warships. As the government's fury at its own helplessness mounted, Premier Djuanda and Army Chief of Staff Major General Abdul Haris Nasution arbitrarily ruled that "all waters around, between and connecting the islands belonging to the Indonesian archipelago ... are an integral part...

Author: /time Magazine | Title: INDONESIA: Double Trouble | 12/30/1957 | See Source »

...John Wolfenden declared that they should. So did many medical men and most of the intelligentsia. Last week, before galleries crowded with spectators (most of them women), Britain's House of Lords gravely debated the Wolfenden recommendations. "Many hesitate," said Labor's Roman Catholic Lord Pakenham, "lest an act of legal toleration be mistaken for one of moral approval, [but] when we reflect on what torture is being suffered by many decent citizens-along with others less respectable, of course-I hope that we remember the injunction, 'Blessed are the merciful.' Let us take advantage...

Author: /time Magazine | Title: Foreign News: Question of Consent | 12/16/1957 | See Source »

...witch is like a rock and by the end of the story you realize that there's nothing to do but walk around her and get out as fast as possible lest she fall on you, too. Miss Bingham wisely times the exit; another such fall just might shatter the rock in place of crushing the victim. It's a skillful work, though rather cruel to the nice old maid lobby, not to mention us other poor humans...

Author: By John H. Fincher, | Title: The Advocate | 12/2/1957 | See Source »

...Treasury is often unable to take advantage of fluctuating short-term interest rates to refund big amounts of the debt lest it go through the ceiling, must often borrow at times during the year when seasonal demands of business make money tightest and most expensive. Another problem is that such independent borrowers as Fannie May usually cost the U.S. more in the long run. With a lower credit rating, Fannie May pays an average 3.96% interest for the money it borrows v. an average 2.78% for the Treasury itself. The ceiling also costs the U.S. money in departments that have...

Author: /time Magazine | Title: It Can Cost More Than It Is Worth | 11/25/1957 | See Source »

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