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...Swelling Stream. A substantial part of the President's speech was given over to the war, a remarkable change of emphasis from his 1965 State of the Union address, which contained only 126 words on the Viet Nam conflict. This time, Johnson carefully and lucidly redefined the principles behind the U.S. commitment in Southeast Asia. In keeping with the almost bland tone that he brought to the rest of the speech, he managed to discuss a white-hot situation without so much as a hint of belligerence. Yet there was an unmistakable undertone of strength and determination...

Author: /time Magazine | Title: The Presidency: The Union & the War | 1/21/1966 | See Source »

...basic plant, the ninth domestic petrochemical operation for fast-growing Phillips, will be erected on 400 acres of sugar-cane fields in Guayama district on Puerto Rico's south shore. Phillips will invest $45 million in the core plant, receive a twelve-year tax forgiveness, get on stream in 21 months. Then the company will reinvest its earnings for ten years (to a total of $55 million) in a string of satellite petrochemical plants on 2,600 surrounding acres. The satellites will be owned jointly by Phillips, other U.S. companies and Puerto Rican investors, will turn out urea...

Author: /time Magazine | Title: Oil: Growth Amid the Sugar Cane | 1/7/1966 | See Source »

Despite the Administration's repeated, unequivocal insistence that it will not accept North Viet Nam's give-up-and-get-out terms for calling off the Vietnamese war, Washington continues to receive a stream of meretricious reports that Hanoi has decided to negotiate in good faith. Last week, at a time that could hardly have been better calculated to arouse Americans' hopes of peace and good will, Ho Chi Minh's latest and least likely offer landed on the world's front pages...

Author: /time Magazine | Title: Nation: Ho's Christmas Slam | 12/24/1965 | See Source »

Arthur was already looking past the ivied walls and seeking contact with the larger world of affairs. To Schlesinger's rambling, brown-shingled house on Irving Street in Cambridge, across the back fence from the Galbraiths', came a steady stream of visitors. "There always seemed to be someone in the spare bed," says Mary McCarthy. "I remember once being asked, 'Do you mind sleeping in Joe Alsop's sheets?' " But among all the diverse types who trooped to the Schlesinger house, Novelist McCarthy cannot recall ever having met a Republican. "Arthur just doesn...

Author: /time Magazine | Title: Books: The Combative Chronicler | 12/17/1965 | See Source »

...brakes, the Administration feels, will slow the nation's dollar outflow by $1 billion in 1966, thus bringing it into equilibrium-a balance of payments deficit or surplus of no more than $250 million. Whether they will also tend to choke off investments that produce a golden stream of returning profits is another question. Voicing that fear last week, General Electric President Fred J. Borch expressed alarm at the global trend toward "resurgent nationalism" in economic affairs. "Businessmen all over the world cannot fail to be greatly concerned," he said, "about today's mushrooming restrictions on international trade...

Author: /time Magazine | Title: U.S. Business: New Dam for the Dollar Drain | 12/10/1965 | See Source »

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