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...took complete control of foreign trade. One Saturday afternoon, he grabbed the nation's 24 foreign and domestic banks. Britain's prestigious Lloyd's bank was renamed People's Bank No. 19, and the same fate befell two Red Chinese banks, putting a crimp in Rangoon's Communist propaganda machine...

Author: /time Magazine | Title: Burma: The Way to Socialism-- & Havoc | 8/30/1963 | See Source »

...vain, previous Burmese governments have offered amnesties to the rebels. Ne Win went farther: he promised a safe-conduct to rebel leaders for discussions in Rangoon. Red Flag Leader Thakin Soe accepted. He was picked up by a river gunboat, taken to a government airfield and flown to Rangoon, where he promptly demanded 1) a nationwide ceasefire, 2) withdrawal of Burmese troops from vital Red Flag areas, and 3) a meeting of all political factions-legal and illegal-to form a new government. Taken aback by these demands, Ne Win denounced Thakin Soe as "insincere" and gave him seven days...

Author: /time Magazine | Title: Burma: The Way to Socialism-- & Havoc | 8/30/1963 | See Source »

...massive throughout the country, he still has the bulk of the army with him. And, as is his habit when he encounters obstacles, Ne Win changed course slightly. He temporarily rescinded controls on rice to placate farmers, offered to build a new Student Union at the University of Rangoon (he had blown up the old one after a student riot in July 1962), and called a conference of his administrators to "improve and review" all measures enacted by the government...

Author: /time Magazine | Title: Burma: The Way to Socialism-- & Havoc | 8/30/1963 | See Source »

...show he is not a total tyrant, Ne Win released three former Cabinet ministers (but not ex-Premier U Nu) from house arrest. Unless the army stages a coup, Ne Win may muddle along indefinitely. "It's not the Burmese way to man the barricades," explained a Rangoon educator. "Given our plentiful food supplies and the passivity of the people, it's possible for someone to misrule Burma for perhaps a decade before incurring true wrath...

Author: /time Magazine | Title: Burma: The Way to Socialism-- & Havoc | 8/30/1963 | See Source »

...already sent off a stack of autographed covers to such countries as Iran, West Germany, India and France, as well as to places all across the U.S., and has more on his desk awaiting his signature; Architect Minoru Yamasaki (Jan. 18) has heard from as far away as Rangoon and Kenya...

Author: /time Magazine | Title: A Letter From The Publisher: Feb. 15, 1963 | 2/15/1963 | See Source »

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