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Picaresque Assets. True to Gaullist form, the French insisted that the U.S. must end that deficit before any S.D.R. are created, but their stand won scant support from other countries. More worrisome was French Finance Minister Michel Debré's demand (supported by West Germany) that IMF's charter be revised to give the Common Market veto power over all future expansion of IMF reserves and the use of IMF loans by debt-laden countries. "If we don't get our way," threatened one European finance chief, "the Americans aren't going to get any monetary...

Author: /time Magazine | Title: Money: The Paper Solution | 10/6/1967 | See Source »

Certain that they had scant chance of beating the ticket of Chief of State Thieu and Premier Ky, the ten civilian candidates for President claimed fraud almost from the moment the campaign started. A dozen U.S. Senators, led by Robert Kennedy and Jacob Javits, echoed their claim that the election campaign was a "farce" and a "charade." It was to counter such senatorial critics that President Johnson hastily assembled 22 U.S. observers and dispatched them to Viet Nam as poll watchers...

Author: /time Magazine | Title: South Viet Nam: A Vote for the Future | 9/15/1967 | See Source »

...Scant days remained before his concert at the St.-Tropez Festival, and Pianist Byron Janis, 39, was staring straight into the jaws of une véritable débâcle. His new white dinner jacket, a double-breasted poem in paper limned especially for him by Haute Couturier Pierre Cardin, had proved a grabber in the armpits. "Rush me another," pled the pianist. "I have to move my arms...

Author: /time Magazine | Title: People: Sep. 8, 1967 | 9/8/1967 | See Source »

...unsettling task was just what confronted the Israeli armed forces last June when they assaulted Syria's Golan Heights. But after Israel's swift and decisive campaigns in the Sinai and on the west bank, the bitter, bloody Battle of Golan Heights seemed almost anticlimactic. It got scant attention in news reports already concentrating on Israel's overall victory. Now, as military censors release the first detailed accounts of the fight for those rugged hilltops, the battle can be recognized as a classic of its kind-a case history of the triumph of tactics and courage over...

Author: /time Magazine | Title: Israel: A Campaign for the Books | 9/1/1967 | See Source »

...Worst Time. A shutdown could hardly hit the industry at a worse time. Because assembly lines stopped relatively early for model changeovers this year, inventories of 1967 models are down to a scant 41-day supply-which means that some dealers are already short of cars. Production of 1968 models, for which the automakers have high sales hopes, went into full swing only last week. In St. Louis to unveil...

Author: /time Magazine | Title: Autos: Toward a Strike | 9/1/1967 | See Source »

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