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...liquid-fueled missile; and 20 quick-firing, solid-fueled Minutemen. Each has a range of 6,000 miles or more, and each is zeroed in on an assigned target in the Soviet Union. The present total is at least twice the estimated strength of the Russian missile force. The longer-term U.S. aim: upwards of 1,000 ICBMs...

Author: /time Magazine | Title: Defense: 200 on Target | 12/28/1962 | See Source »

...President talks long and candidly about U.S. problems at home and abroad; he knows that they are there, and he knows that they are not going to dis appear overnight. He is optimistic about the U.S. economy in 1962, but disturbed about its longer-term future (see following story). He is perhaps too sanguine about the legislative prospects for his programs; he seems confident that his proposals for foreign trade, medical care for the aged, agriculture and tax revision will pass Congress without substantial change. As long ago as October, he had essentially decided that the U.S. would have...

Author: /time Magazine | Title: The Presidency: In Command | 3/16/1962 | See Source »

Most economists agreed that 1962 would turn out well despite its stuttering start; but many were worried about the longer-term prospects. The nonprofit National Planning Association estimated that the gross national product would grow at an annual rate of about 4.2% during the '60s, reach about $800 billion...

Author: /time Magazine | Title: The Economy: 1962 & Beyond | 3/16/1962 | See Source »

...Began debate in the Senate on President Kennedy's $4.4 billion foreign aid bill. The key issue: the President's "fiveyear plan" giving the Administration borrowing authority to make longer-term commitments to needy nations. Opening the debate with an impassioned plea for approval of the Kennedy program. Foreign Relations Committee Chairman William Fulbright of Arkansas said that opposition to the proposal "just proves that we still are not very far away from tribal society. The only thing we ever do with enthusiasm is getting ready to bash somebody in the snoot...

Author: /time Magazine | Title: The Congress: $46 Billion Quick | 8/11/1961 | See Source »

...easing was partly seasonal due to the post-Christmas payments to banks by retailers and others who had borrowed to finance their inventories. But Treasury experts also see longer-term influences at work, notably the fact that the demand for credit since the steel strike ended has not been so big as anticipated...

Author: /time Magazine | Title: Business: Money: Past the Peak? | 2/8/1960 | See Source »

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