Word: slaps
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...many Hungarians flocked to Czechoslovakia to buy lingerie and razor blades, which were almost unattainable in Hungary, that the Czech government was forced to slap spending restrictions on the Hungarians to prevent a shortage of the same items in Czechoslovakia. Czechoslovakian retailers last year had to return nearly $70 million worth of goods that their customers did not need and would not buy, while neighboring Poland overproduced 9,000 washing machines even though retailers clamored for scarce enamel pots. Queues even form for vegetables in rich Bulgarian farming country because bureaucrats have not received orders to disburse their produce...
...another area of U.S. foreign policy, President Johnson marked the 15th anniversary of the North Atlantic Treaty Organization by telling more than 100 guests at an East Room ceremony that the alliance was "a tested and recognized foundation stone of America's foreign policy." There was an implied slap at Charles de Gaulle's disruptive tactics in Johnson's statement that "we, for our part, will never turn back to separated insecurity." But the President generously added that the U.S. welcomes "the new strength of our transatlantic allies" and sees "no contradiction between national self-respect...
...That just about gave Spain a toe hold. But Common Market membership appears impossible as long as Franco rules. El Caudillo's economic brain-trusters would be glad enough to settle for mere trade agreements at present, but their problem now is to keep Franco encouraged despite the slap in Brussels...
...sent to Parliament a bill that would slap a 25% tax on the yield of German bonds held by foreigners. The tax, which will, in effect, lower the cur rent 6% yield on German securities to an unglamorous 4.5% , was greeted with dismay by foreign bondholders and Ger man bond brokers. Erhard also an nounced a second bill that will please businessmen more; by abolishing the much disliked 2.5% tax on the issue of stocks and bonds floated in Germany, it aims to encourage foreign companies to raise funds in Germany, thus stepping up the export of German capital...
Though the Cambodian government promised to pay for the damages, Sihanouk called the riot "inexcusable but comprehensible," said that the mob was goaded by "the repeated humiliations inflicted on their country by the Anglo-Saxon powers" (total U.S. aid to Cambodia since 1954: $340 million). In a calculated slap at the West, Sihanouk went on to discuss neighboring Laos in a way that all but recognized the Communist Pathet Lao as its real government, also announced that he would soon send a delegation to Hanoi to negotiate a border-demarcation agreement with Communist North Viet Nam. Since South Viet...