Word: minisummit
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Dates: during 1967-1967
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Striking back at his critics, Johnson set out to convince a skeptical public that his Viet Nam policy was beginning to show dramatic progress. His top echelon in Saigon, Ambassador Ellsworth Bunker, General William Westmoreland and Pacification Chief Robert Komer, flew into Washington for a minisummit. All three brimmed with confidence-or, as Georgia's Democratic Senator Richard Russell put it after Westmoreland had addressed Russell's Armed Services Committee behind closed doors, "cautious optimism" (see following story). Said one aide, mindful that the latest Louis Harris Poll* shows Johnson's rating on his handling...
...rates reverse that flow, it would deepen the already worrisome U.S. balance of payments deficit, putting further strains on the dollar abroad. Similarly, the British dared only a cautious cut in rates to help stagnating industry lest a bigger step put new pressure on the pound. The Chequers "miniSummit" produced a mere gentleman's agreement, but it recognized as never before the growing interdependence of the economies of the U.S. and Europe, and so of the need for policies that mesh...