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Dates: during 1950-1959
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...massive readjustment of U.S. economic policy to fit the facts of modern economic life. Last year, chiefly because of spending for economic and military aid, the U.S. sent abroad $3.4 billion more than it received for its exports. Faced with a $4 billion gap in fiscal 1960 (ending next June 30), Treasury Secretary Robert Anderson has got the President's permission to cast a hard eye over next year's foreign-aid budget and audit the Pentagon's spending for overseas forces and bases. Last month Anderson gave U.S. policy a new dollar-saving twist...

Author: /time Magazine | Title: FOREIGN RELATIONS: Rap from Rich Uncle | 11/9/1959 | See Source »

...politicos, strode inside to start shaking hands. As photographers flashed away, Abbeville's Mayor Roy Theriot bounced forward to get his picture taken with Symington and Louisiana's own Senator Allen Ellender. "I'm going to pose with two Senators," cried Theriot. "One may be the next President." With a quick laugh, Symington turned to Ellender. "Congratulations, Allen," he said. Everybody within earshot laughed too, for Missouri's Symington was a long way from home and running for President for all he was worth, on his own special road to the White House...

Author: /time Magazine | Title: DEMOCRATS: Everybody's No. 2 | 11/9/1959 | See Source »

...Symington's hopes of emerging as his party's choice in Los Angeles next summer rest largely on his negative assets and the appeal they might have to professional politicians. At 58 (last June), he is neither too young nor too old. As an Episcopalian, he does not have to worry, as Kennedy does, about the widespread conviction that a Roman Catholic cannot be elected President. As a politician who has run for high public office twice and won twice, he does not carry Adlai Stevenson's stigma of past defeats. Though he has voted a straight...

Author: /time Magazine | Title: DEMOCRATS: Everybody's No. 2 | 11/9/1959 | See Source »

...that Jack Kennedy could trounce him in mano a mano popularity contests, Symington is determined to stay out of primaries, and to do no campaigning in the Oregon primary, in which his name can be put on the ballot by petition without his consent. . If he loses in Oregon next May, he can explain that, after all, he was not even trying...

Author: /time Magazine | Title: DEMOCRATS: Everybody's No. 2 | 11/9/1959 | See Source »

...beat!" "By whom?" asked Matthews. Replied Truman: "Me!" Truman denied that he had ever said any such thing. ¶ In Milwaukee, Averell Harriman, New York's ex-governor and onetime (1956) presidential hopeful, startled a group of local Democratic politicos with an announcement: "If I could appoint the next President, I would pick Humphrey." The partisans of Minnesota's Senator Hubert Humphrey were delighted (although Harriman can sway few of New York's 114 convention votes) and flabbergasted: they had assumed that because Harry Truman was backing the candidacy of Fellow-Missourian. Stuart Symington, Harriman would naturally...

Author: /time Magazine | Title: POLITICAL NOTES: Straws in the Wind | 11/9/1959 | See Source »

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