Word: markets
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Dates: during 1960-1969
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...political turmoil within France to examine the reasons for the general's defeat, the mood of France in 1969 and the prospects for change. The story was written by Contributing Editor William Doerner and edited by Senior Editor Jason McManus, who, as TIME'S Paris-based Common Market correspondent from 1962 to 1964, covered Britain's first bid to join Europe and De Gaulle's abrupt rejection of that effort...
Foreign policy questions were not paramount in De Gaulle's defeat. Obviously, though, not even the strongest successor will have the stature at home or abroad to perpetuate the haughty independence that was De Gaulle's personal panache. French policy on the Common Market and defense may change simply because it has to, because French leadership after De Gaulle probably will not be strong enough to make continued defiance of France's neighbors stick. Sooner or later, West Germany, which can already claim greater prosperity and a sounder currency than France, will assume more influence. Even divided...
Shouldered Burden. One result of this shifting balance could well be a French decision to bring Britain into the Common Market as a counterweight to the increasingly potent neighbor across the Rhine. De Gaulle favored a "Europe of nation-states" and doubted that political union was possible or desirable. The U.S. has long backed British membership, as have France's five Common Market partners; Pompidou has already indicated that he thinks British entry is not forever out of the question. If the French now help to make Britain more firmly a part of Europe, what may finally come about...
American automakers are worried about Japanese inroads, not only in the U.S. market, but in such places as Australia, South Africa and South America. As a result, Detroit has been putting pressure on Washington to force open the Japanese market in two ways. U.S. automen want Japan to lower such nontariff barriers as commodity sales taxes and road-use taxes based on car size. More important, they insist that Tokyo should ease its severe restrictions against foreign investment in Japanese manufacturing firms. General Motors Chairman James Roche recently called Japan "the most notorious" of the world's industrial countries...
...home and abroad. From Beate's headquarters in Flensburg, 200 employees (70% of them women) each day mail no fewer than 13,000 orders in anonymous brown wrappers to customers in Germany and other countries. (So far, Beate has not tried to capture a share of the U.S. market.) Her book-of-the-month club has just come out with its second selection, Helga and Bernd Demonstrate 100 Love Positions. The $4.95 book is illustrated with photographs of models clothed in tights. On top of a 50,000-copy advance sale, eager customers bought 70,000 copies when...