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...months the U.S. economy has been in a state of virtual euphoria, hearing the President declare that "I do not believe recessions are inevitable" and reveling in the onward-and-upward statistics. Lately, many economists have begun to question just how long the 52-month boom can continue, and only two weeks ago the President's chief economist, Gardner Ackley, cautioned that "our expansion is going to slow down a bit in the months ahead." Still, nothing had prepared the public for the shock caused by Bill Martin when he stood up and told the U.S. that it could...

Author: /time Magazine | Title: The Economy: Bill Martin's Red Flag | 6/11/1965 | See Source »

...million population. Party Boss D. N. Aidit suggested that Indonesia's 412,000-man armed forces be "supervised" by politically oriented NASAKOM ("guided democracy") cadres, which the P.K.I. believes it could dominate. That seemed all right with Sukarno. "Go ahead," he urged the P.K.I. "Go onward and never retreat...

Author: /time Magazine | Title: Indonesia: Jingo Jamboree | 6/4/1965 | See Source »

...nearly 10,000 theaters in the U.S., 5,000 abroad. Its passing from the cinema scene in 1951 was widely lamented in the world's press. New York Times Critic Bosley Crowther found it "a shade ironic that, in these critical times, the film most watchful of the onward march of history should itself be compelled to march off." The popular series, he said (correctly), "bows to screen economics...

Author: /time Magazine | Title: A Letter From The Publisher: Mar. 12, 1965 | 3/12/1965 | See Source »

Died. Chen Cheng, 67, Vice President and former Premier of Nationalist China, an austere soldier-statesman who was Chiang Kai-shek's strong right hand from the early 1920s onward, fought against the warlords, the Japanese and the Communists, introduced the 1949 Taiwan land reform that made 90% of the farmers masters of the land they worked, and until his own ill health and the rising fortunes of Chiang's son reduced his power, was regarded as the Generalissimo's heir presumptive; of liver cancer; in Taipei...

Author: /time Magazine | Title: Milestones: Mar. 12, 1965 | 3/12/1965 | See Source »

Georgia's Senator Richard Russell, chairman of the Senate Armed Services Committee, has been a generally strong supporter of global U.S. foreign policy from the Marshall Plan onward. Yet last week he grumbled: "We made a terrible mistake getting involved in Viet Nam. I don't know just how we can get out now, but the time is about at hand when we must re-evaluate our position." He wants to re-evaluate other areas too. "It would be nothing less than tragedy for us to go and get involved in the Congo as we are in Viet...

Author: /time Magazine | Title: Foreign Relations: The New Isolationism | 1/8/1965 | See Source »

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