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...should not deviate from adherence to domestic and international law just because certain other countries, such as Castro's Cuba, do so." But the doctrine appears ripe for further revision. Switzerland and Italy have dropped all immunity for certain types of commercial activity. Some State Department insiders predict that the U.S. will eventually follow suit...

Author: /time Magazine | Title: International Law: Diplomatic Escape Hatch | 9/17/1965 | See Source »

...experts foresee the end of the six-year price plateau for the U.S. economy, predict that the continuing boom may drive up wholesale prices 3% or 4% in the next year, boost consumer prices 2½% to 3% . That is, however, a distinctly minority view. Most businessmen and economists, the Council of Economic Advisers and the Federal Reserve Bank expect no more than half that increase, which they feel is a small price to pay for continued prosperity. But they are still concerned and watching closely. Their strong hope is that the pace of wage and price hikes will...

Author: /time Magazine | Title: The Economy: A Question of Stability | 9/3/1965 | See Source »

Quick to realize the temporary nature of these gains, Fowler refused to predict another surplus for the current quarter. Said he: "Expectations are that we'll lose ground." Just how much ground depends to a large extent on how many dollars are left abroad this summer by U.S. tourists, who have largely ignored the Administration's plea that they help the balance of payments by seeing America first. The Government worries that Americans will spend $2 billion more abroad this year than foreigners spend in the U.S.−a new record. Even more worrisome: the gap between what...

Author: /time Magazine | Title: U.S. Business: Temporary Gains | 8/27/1965 | See Source »

...predict that we will have the right results in Viet Nam, but our actions are rightly conceived. I know this is the only course we can follow. Nobody is really happy about it. Events are controlling us, and no one likes to be controlled by events. Within the limits of his options, President Johnson is doing his best to control events. There isn't anything to do but what the President is doing...

Author: /time Magazine | Title: Nation: THE SENATE ON VIET NAM: Anxiety & Assent | 8/13/1965 | See Source »

Natural gas has expanded its toehold in Europe's fuel market from 2% to 3½% in the last two years; most experts predict that it will grab at least 10% by 1975, chiefly at the expense of coal's present 47% . Gas's share could grow twice that fast-to 20%-if it is priced low enough. Up to now gas prices have been kept close to those of rival fuels, partly because coal and oil companies own major interests in many gas-distribution combines and partly because so many governments are committed to subsidizing inefficient...

Author: /time Magazine | Title: Western Europe: Gas Fever & Coal Chills | 8/13/1965 | See Source »

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