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Rumors & Plots. Inevitably, some wild rumors spread: an Arizona investor heard that President Kennedy and Nikita Khrushchev had agreed to disarm; a Washington stockholder had a hot tip that the U.S. was about to invade Laos; others understood that Russia had dumped American securities in Switzerland to ruin the U.S. market. Just as inevitably, there was talk about some gigantic plot. In Los Angeles, retired Newspaperman John Gray, 87, who held on to his falling Southern California Edison stock, said: "The whole thing was started by people who wanted to discredit the President. They sold off huge chunks of stock...

Author: /time Magazine | Title: The People: Reservoir of Confidence | 6/8/1962 | See Source »

...Benny Goodman's toughest audience. As he led his red-coated band into the opening strains of Let's Dance, the 4,600 people crammed into Moscow's Soviet Army Sports Palace divided their attention between him and the figure seated in the government box: Nikita Khrushchev. By his presence, Nikita gave official approval to a brand of music that the Communists have often reviled as decadent. Russian cats were hip enough to know that Benny was really otstaly (out-of-date), but Khrushchev declared himself bewildered. "I enjoyed it," he said as he left, but added...

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

...Pierre Emil George Salinger's first trip to Russia, and he had come with commissions of the utmost gravity: to improve communications between the world's two leading powers and to arrange a swap of television appearances between his boss and the boss of all the Russians, Nikita Khrushchev. Alas for unlucky Pierre-he never had a chance. From the moment he was met by Aleksei Adzhubei, editor of Izvestia and Khrushchev's son-in-law, the swart, short, 36-year-old ex-reporter from San Francisco found himself up to his cigar butt in fast moving...

Author: /time Magazine | Title: The Press: Unlucky Pierre | 6/1/1962 | See Source »

When Soviet Premier Nikita Khrushchev slowly emerged from his TU-104 turbojet in Bulgaria last week, he seemed to lack his usual bounce. He had lost weight, the skin on his neck and face was slack, his eyes lacked sparkle. It took him a full day to recover anything like his old roadshow form. Then, in the Black Sea city of Varna (formerly called Stalin), he planted two small trees, after which he handed the shovel to startled Foreign Minister Andrei Gromyko. "I have helped build Communism," joked Nikita. "Now you've got to work. This...

Author: /time Magazine | Title: Communists: The Situation Is Good | 5/25/1962 | See Source »

...Pogo, Walt Kelly's pseudo-sophisticated comic strip, spoke a kind of Pig-Russian and bore an unmistakable resemblance to Nikita Khrushchev. He even talked like Khrushchev. "You forget prominent Russian proverb!" he confided to his companion, a bearded, cigar-smoking goat with a remarkable resemblance to Fidel Castro: "The shortage will be divided among the peasants." The goat broke out lunch-cigars and sugar ("One thing my country got like the dickens! Is sugar! y tabacos!")-and the two settled down to a dialectical argument in dialect...

Author: /time Magazine | Title: The Press: Politics Is Funny | 5/25/1962 | See Source »

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