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...COMECON meeting in Moscow, Nikita Khrushchev let loose another tirade against the Market, while in Britain, in full-page advertisements paid for by Tory Imperialist Lord Beaverbrook, Field Marshal Viscount Montgomery of Alamein blared: "I say we must not join Europe.'' Ghana's President Kwame Nkrumah denounced Britain's plans to enter the Market and found himself in tune with Australia's Prime Minister Robert Menzies, usually no friend of the Commonwealth's black members...

Author: /time Magazine | Title: Great Britain: Not Without Tears | 6/15/1962 | See Source »

...understood why Nikita regarded Bella Italia as male (or the other Common Market partners, for that matter). But natural or not, COMECON was eager to share in the marriage. The meeting's final communique again called for a new, worldwide trade organization to rival the Common Market, but at the same time hoped for increased trade with the West. The message also promised, as Moscow had innumerable times before, that "in the near future" the Communist world will outproduce capitalism both in industry and agriculture...

Author: /time Magazine | Title: Communists: Bungling Materialists | 6/15/1962 | See Source »

Like any other world politician who is fresh out of ideas, Nikita then turned to the U.N. To counter the market's "aggressive policy," he called for an international, U.N.-sponsored trade organization in which "economically underdeveloped countries can uphold their interests and resist the international union of capitalist monopolies...

Author: /time Magazine | Title: Communists: Economic Failure | 6/8/1962 | See Source »

...concern over the West's economic vitality as compared with its own weakness. One of Russia's great economic defeats was dramatized last week when Moscow boosted meat prices 30% and butter prices 25%-the sharpest cost-of-living increase in Russia since World War II. Said Nikita:."I wouldn't say that this was pleasant for the people." But he argued that the move was necessary. Reason: collective farmers "have not been materially interested in increasing their output" because prices were so low. But the government claimed it could not divert funds from defense for farm...

Author: /time Magazine | Title: Communists: Economic Failure | 6/8/1962 | See Source »

Segregationists in the Deep South are collecting money to ship the N.A.A.C.P. doll to the North-you wind it up and it moves into your neighborhood. Wind up the Fidel Castro doll and it turns red. Wind up the Nikita Khrushchev doll and it tries to bury...

Author: /time Magazine | Title: Hollywood: Paper Dolls | 6/8/1962 | See Source »

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