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...million contraction in last year's $9 billion of bank loans to foreigners, President Johnson ordered a tightening of still voluntary controls administered by the Federal Reserve Board. As with investment controls, the new rules will hit Europe hardest. The Reserve Board asked banks to refuse to renew outstanding loans on the Continent when they mature and to reduce their short-term (less than a year) loans in the region by 40% during 1968. Just to make sure banks cooperate, the President also gave the Fed stand-by power to make the restrictions compulsory...

Author: /time Magazine | Title: Trade: What the Restrictions Mean | 1/12/1968 | See Source »

Eight Ivy League presidents, in a letteer to the White House, renew their protest of the draft. Letter is postmarked from Sweden. It is returned with the notation, "No such city at this address...

Author: NO WRITER ATTRIBUTED | Title: Tea Leaves and taurus | 1/4/1968 | See Source »

...group, formed last winter, is working under a three-year $50,000 Ford Foundation grant. If the program is successful in keeping Negroes in business, Ford will probably renew the grant and start similar programs in other cities, said Peter J. Siris, a second-year Business School student and a member of the organizing committee of the program...

Author: NO WRITER ATTRIBUTED | Title: B-School Group Advises Roxbury Small Businesses | 11/6/1967 | See Source »

...Dutch authors disagree that the catechism is in error. "Everything that is alive has to renew itself if it wants to stay alive," The Netherlands' episcopate wrote in the introduction. "The faith stays the same; the approach toward it is new." For all that, three liberal clerics from The Netherlands were called to a secret meeting in northern Italy with Vatican theologians. At the meeting, the Dutch announced that some of the more controversial passages would be rewritten. But they made it clear that they intended to alter phrasing, not ideas. Later Cardinal Alfrink repeated essentially the same thing...

Author: /time Magazine | Title: Roman Catholics: More Sparks from Holland | 8/18/1967 | See Source »

...confessed himself enchanted. The lord looked further, and saw a dark-haired damsel with a violin in her lap. Much smitten by the woman, who was proficient enough to play in the Sydney Symphony and pretty enough to model, the lord determined to bide his time but to renew the acquaintance once they were back in Merrie England...

Author: /time Magazine | Title: Customs: The Wedding in New Canaan | 8/11/1967 | See Source »

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