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Within a few hours, the news of Kissinger's blunt criticism of America's allies was all over Washington-and, worse, all over Europe. Foreign news agencies and embassies scurried to obtain accurate texts. By the time that the State Department issued a somewhat laundered transcript of the talk, the damage had been done. Europe was stunned. Said French Foreign Minister Michel Jobert, who later in the week accompanied President Georges Pompidou on a state visit to the Soviet Union: "Kissinger does not understand Europe." In Bonn, a ranking German official complained: "Now we have a cold...

Author: /time Magazine | Title: DIPLOMACY: An Alliance in Need of D | 3/25/1974 | See Source »

...December ruling by New York's Federal District Court requires that Con Ed obtain permits from the Army Corps of Engineers for dredging and filling at the riverfront, and that it hold hearings to allow public comment on the permits. The utility has filed for a permit, but at the same has appealed the court ruling...

Author: By Richard J. Meislin, | Title: Con Ed: The Energy Of Optimism | 3/23/1974 | See Source »

Cabral observes that one of the reasons the Portuguese are unwilling to rock the boat to obtain increased benefits is that conditions in America, bad as they are for the Portuguese, are still better than what they left behind...

Author: By Peter A. Landry, | Title: Cambridge's Forgotten Minority | 3/22/1974 | See Source »

...order to collect any actual back taxes, the IRS must move speedily. Before April 15 it will have to obtain waivers from, formally notify of tax deficiency, or bring suit against every one of the 17,000 former owners of Hartford who exchanged their stock for ITT shares. After that date, the three-year statute of limitations on most tax cases runs out. Preparing itself for that job, the IRS five months ago obtained a list of ITT stockholders who were former Hartford shareholders. But many of the former Hartford shareholders have sold or otherwise disposed of their ITT shares...

Author: /time Magazine | Title: CORPORATIONS: IRS v. ITT | 3/18/1974 | See Source »

...form of commercial exchange that became outmoded centuries ago with the appearance of money. But in the U.S., barter is suddenly coming back strong. Beset by shortages of many basic raw materials and finished goods, purchasing agents for the most modern corporations are turning into sultans of swap: they obtain scarce products that their companies need by offering goods that are in equally short supply...

Author: /time Magazine | Title: BARTER: The Sultans of Swap | 3/11/1974 | See Source »

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