Word: phaseouts
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Peeling Off. The Administration has ruled out any abrupt relaxation of Phase IV's rules. Instead, COLC Director John Dunlop will preside over a lingering phaseout, during which controls will be selectively lifted on an industry-by-industry basis. More than 70 industries and companies have so far asked for exemptions, using, says Dunlop, "every conceivable argument that the mind of man can devise." At first, Dunlop and others emphasized granting exemptions when industry leaders promised reasonable price stability in exchange. Now the Administration hope is that by allowing prices to rise, the COLC will encourage companies to expand...
...second thoughts. Istanbul's influential daily Hürriyet has protested that "we feel sorry for American heroin addicts, but it is unjust to put the burden on the Turkish economy." With elections looming next year, Premier Ferit Melen's opposition has introduced two bills that would repeal the poppy phaseout. The vote, worried U.S. officials say, "could go either...
Eventually, the Vietnamese forces are scheduled to guard their own frontiers and U.S. troops should be able to withdraw gradually. Westmoreland has set 1969 for the start of a phaseout...
...some evidence that the foreigner acknowledged their new status as a fully sovereign nation no longer an appendage of France. U.S. Ambassador Charles Yost made them an offer: the U.S. would evacuate the $500 million bases after seven years. The Moroccans countered with a request for a three-year phaseout. The expected compromise: U.S. operation of the bases for five more years...