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...through the end of 1961, and by giving power to the President to extend the reduction through the end of 1962. Bucking the liberals' demands for easier money, Samuelson held firm against broadly lower interest rates (but urged a 4½% maximum on mortgages to stimulate housing), lest even more gold flow out to countries where rates are attractively high. With that said, he did a reverse on Eisenhower Administration monetary policy, which is disciplined by the realities of the gold drain and competitive world trade: "It is unthinkable that a responsible Administration can give up its militant efforts...

Author: /time Magazine | Title: The Economy: Advice from Activists | 1/13/1961 | See Source »

...allies think that Khrushchev will let the fire go out in Laos, lest the West be forced to take tougher steps itself. He also badly wants a summit conference with the U.S.'s incoming President, John Kennedy, and he is not likely to let his opportunities for troublemaking in Laos jeopardize that larger concern...

Author: /time Magazine | Title: Laos: Partially False Alarm | 1/13/1961 | See Source »

...speech 15 years ago, that he was not really "a living god," Hirohito has been playing constitutional monarch with mixed success. Once, common folk were forbidden to gaze directly at his face, and train conductors lowered the blinds if the Emperor's private coach was due to pass, lest some passenger catch an accidental glimpse of him. Now, wearing the embarrassed look of a man intruding, he visited every prefecture in the country, climbing down mine shafts, trudging through factories, talking to peasants in paddyfields. He won wide respect for continuing to live in a damp, one-story, concrete...

Author: /time Magazine | Title: Japan: Emperor's Year | 1/13/1961 | See Source »

...saving the human race." Harvard's Henry Kissinger (Nuclear Weapons and Foreign Policy} suggests "an effective international agency to monitor the activities of all the reactors that now exist or will exist in the world." At the same time, the U.S. should keep up with weapons research lest a potential enemy secretly develop overwhelming new deterrents. Kissinger hopes for arms control safeguarded by inspection...

Author: /time Magazine | Title: The Atom: Into the Open | 1/2/1961 | See Source »

...style tutorials a week in mathematics and in languages, two in a science laboratory, two in music (for the first three semesters), plus two weekly seminars on the great books. Friday nights they hear a lecture or concert by such visitors as Mortimer Adler and the Juilliard String Quartet. Lest all of this seem medieval, St. John's boasts "more required mathematics and laboratory work than any other liberal arts college in the country...

Author: /time Magazine | Title: Education: College Spawns College | 12/26/1960 | See Source »

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