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Even before such an international agreement-which may be long in coming-Nixon announced a partial untying of U.S. aid. Receiving nations will now be able to spend their money in any other undeveloped country, but not in an industrialized one (except the U.S.). For example, Tanzania will be able to spend U.S. funds in neighboring Uganda to purchase concrete for road building instead of being compelled to shop in the U.S. at considerably higher cost. In the process, the economy of Uganda, which also receives American aid, will be helped. Such examples may not be numerous, however, since...

Author: /time Magazine | Title: Foreign Aid: An End to Patchwork | 9/28/1970 | See Source »

...then the Federal Government will be out about $9.7 million, or 40% of the plane's value. Under the Federal Aviation Act of 1958, Washington may offer such insurance when private firms are unwilling to sell it at reasonable rates. The companies had declined to provide more than partial coverage for the costly 747s. The Federal Government therefore agreed to make up the difference for jumbo jets on international flights, starting last July 31. Washington's insurance fund is so new that premiums had brought in only $160,000 by last week. The rest will probably have...

Author: /time Magazine | Title: Insurance: Jumbo Risk | 9/21/1970 | See Source »

...next few weeks, however, as the weather grows brisker, the midi's real test of popularity will come. When it does, the midi will have to score a clean, single-season breakthrough if Fairchild is to preserve his image as the No. 1 influence in fashion. A partial victory might convince the casual onlooker of his continued primacy, but it would not fool manufacturers and retailers with storerooms full of dresses they cannot sell. Because he has gambled so heavily and because the industry stands to lose so much, Fairchild could not emerge from a defeat of the midi without...

Author: /time Magazine | Title: The Press: Out on a Limb with the Midi | 9/14/1970 | See Source »

...partial to sentimental operettas like Die Fledermaus and The Merry Widow, and made pilgrimages to the Wagner festival in Bayreuth. He scorned Herman Goring's zest for the hunt: "Today when anybody with a fat belly can safely shoot the animal down from a distance." Though he loved the Bavarian Alps, he found mountain climbers and skiers ridiculous. "If I had my way I'd forbid these sports, with all the accidents people have doing them," he once said. "But of course the mountain troops draw their recruits from such fools...

Author: /time Magazine | Title: Books: Mephistopheles Remembered | 9/7/1970 | See Source »

...panel also opted for partial disarmament of the powerful Joint Chiefs of Staff. The Chiefs now function in a triple role, serving not only as commanders of their respective services and as military advisers to the President but also as military staff in the chain of operational command between the Secretary of Defense and forces in the field. The Fitzhugh panel would relieve the chiefs of their operational responsibilities, reassign the job to a single senior military officer with a separate staff...

Author: /time Magazine | Title: Defense: Shaping the Amorphous Lump | 8/10/1970 | See Source »

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