Word: nationalizers
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Dates: during 1960-1969
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Straining to cope with its growing burdens, Newark has been steadily raising taxes-to the point where the rates are now self-defeating. The real estate tax rate, already $7.90 per $100 of assessed valuation, is one of the highest in the nation, and may soon be increased. That is a powerful incentive for middle-class homeowners to flee. The tax on a $20,000 house in Newark is roughly $1,400 a year, about the same amount that a nearby suburbanite pays on a $50,000 home...
...would be most unwelcome to the Russians. In Paris, Rome and Tokyo, Tsarapkin's colleagues were giving the French, Italian and Japanese Foreign Ministers roughly the same message. In Ottawa, Prime Minister Pierre Trudeau also got the word. The intent was clear: China, no longer a brotherly socialist nation but instead a dangerous foe, should be expelled from the ranks of civilized nations...
...only last fall that an improbable little part-island, part-mainland Spanish territory in Africa won its independence and sidled into the world's consciousness as the 126th member of the United Nations. The omens could not have been brighter. Spanish U.N. Ambassador Don Jaime de Pinies applauded "the splendid example of peaceful independence" set by tiny Equatorial Guinea, and in return the nation's U.N. ambassador, Saturnine Ibongo lyanga, said his countrymen hoped to be "an Iberian bridge to Africa." All differences seemed ironed out between the 60,000 Fangs of underdeveloped Rio Muni, the mainland wing...
...Peru, Chilean Foreign Minister Gabriel Valdés hastily summoned U.S. Ambassador Edward Korry. In Lima, Valdés had held two long talks with Juan Velasco Alvarado, leader of the military junta that seized power last fall. Subject: the approaching showdown between Peru and the U.S., which neither nation really wants. Soon after his junta overthrew President Fernando Belaunde Terry in October, Velasco expropriated the U.S.-owned International Petroleum Co. As a result, the U.S., under a congressionally imposed retaliation called the Hickenlooper Amendment (TIME, Feb. 14), would have no choice in six months...
...Willy-Nilly. "We want to converse," the retired general said somewhat nervously, standing in khaki army uniform behind his desk. Velasco praised the U.S. as "a just nation" and suggested that "immoral companies" were the real barrier keeping the two countries apart. How would the spread be resolved, he was asked, between the $120 million that the IPC is asking for its expropriated properties and the $54 million that Peru up to now has been prepared to pay? "Courtappointed appraisers will decide what the property is worth." Was the $690 million that Peru insists it is owed by IPC subject...