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...partly because European laws and work practices are discouraging some U.S. companies, new U.S. investment in Europe this year will run about 4% under the prevailing $3 billion annual rate, and may slide even farther next year. Meanwhile, the value of European-owned plants and equipment on U.S. soil is rising sharply. The total crept up from $2.2 billion in 1950 to $7 billion last year, will sprint to $10 billion this year. That may be only the beginning. In a recent speech before a group of U.S. bankers, Jacques Maisonrouge, the French-born head of IBM World Trade Corp...

Author: /time Magazine | Title: Western Europe: Swing of the Pendulum: Investing in the U.S. | 11/1/1968 | See Source »

...intervene in Czechoslovak affairs whenever they again detect another threat of "counter-revolution." The Kremlin is likely to use that clause to intimidate First Party Secretary Alexander Dubcek from attempting to reinstate his earlier liberalization policies. On the military front, Moscow gained the right to station troops on Czechoslovak soil indefinitely...

Author: /time Magazine | Title: World: PREPARING FOR THE UNPREDICTABLE | 10/25/1968 | See Source »

...Equals. Robert Kennedy first learned that the Russians had placed offensive missiles and, presumably, atomic weapons on Cuban soil when he was called into his brother's office early on Tuesday morning, Oct. 16. 1962. Almost immediately, in the intense, often emotional debate, Bobby firmly declared himself opposed to a military strike but in favor of Defense Secretary Robert McNamara's arguments for a naval blockade...

Author: /time Magazine | Title: Memoirs: Bobby's View | 10/25/1968 | See Source »

Hardened Opinion. Such concessions only served to expose how far apart the two sides remain on the core issues. The Israelis, for example, have no intention of giving up Jerusalem, while the Arabs insist on the return of "every inch" of occupied soil. In the year that Jarring has been trying to bridge such gaps, Israeli opinion has only hardened against any return to the prewar boundaries. At the same time, any Arab government that tried to sign a peace treaty now would have to answer to the increasingly powerful and hard-lining Palestinian commandos. Given continued Soviet lack...

Author: /time Magazine | Title: Middle East: Phantoms for Israel | 10/18/1968 | See Source »

...move against the new Communist party will run the risk of unduly provoking the Soviets. At the same time, West German inaction toward the National Democrats will only provide the Soviets with another excuse to charge that "Nazism is again flourishing in full bloom on the political soil in Bonn," as Soviet Foreign Minister Andrei Gromyko did last week before the United Nations' General Assembly...

Author: /time Magazine | Title: West Germany: Trouble on the Flanks | 10/11/1968 | See Source »

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