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Under mutual aid agreements worked out three months ago, the central banks of Western Europe last week were supplying the Bank of England with gold and dollars with which to shore up the pound. But the only thing that could strengthen the pound permanently would be a spurt in Britain's industrial growth rate-currently among the lowest in Western Europe. Said Selwyn Lloyd: "For national economic survival, we must grow . . . We must see to it that wages, salaries and other incomes remain within the limits justified by increased productivity...

Author: /time Magazine | Title: Business: Britain: Crisis | 6/30/1961 | See Source »

Like Capital Airlines, which earlier this month merged with United Air Lines, Northeast is in part a victim of CAB's ill-advised attempts to strengthen weak airlines by granting them additional routes. To shore up Northeast, which began as a regional carrier in New England, the board five years ago granted the line the right to fly the blue-ribbon New York-Miami route, which Eastern and National Airlines were already flying. Against such entrenched lines, Northeast could not attract enough passengers to make money for itself, and it cut so deeply into Eastern's and National...

Author: /time Magazine | Title: Aviation: The Merger Broker | 6/23/1961 | See Source »

Back a Better Man. Some observers ventured beyond such neutral ground, with cautious kudos for the presidential stance in the international batting box. The Vienna meeting, said the Boston Traveler, "has done much to raise American prestige abroad, to strengthen the Western Alliance, and probably to jolt Premier Khrushchev into a sober reassessment of our determination to defend freedom." Columnist Walter Lippmann, a man who has had two private audiences with Khrushchev and upholds the principle of "accommodation" in dealing with the Reds (TIME, Dec. 22, 1958), termed Vienna "significant and important because it marked the re-establishment of full...

Author: /time Magazine | Title: The Press: No Illusions | 6/16/1961 | See Source »

...keeping with his own rules of political combat, the former President refrained from any criticism of his successor's foreign policy: "As the President attempts to preserve our freedoms, as he seeks to strengthen peace, as he confers with foreign leaders whether friendly or hostile, he has the hopeful and sympathetic good will of all loyal Americans, regardless of party . . . We cannot allow, today, the nation's basic unity of purpose to be in doubt." Without mentioning the Cuban fiasco, Ike had a wry reminder of the minority party's right to be informed: "Republicans rightly expect...

Author: /time Magazine | Title: Nation: In & Out of Retirement | 6/9/1961 | See Source »

...suggested. The Dominican crisis, coming on the heels of the President's energetic response to Castro's tractor after, must not be allowed to damage what is left of U.S. prestige in Latin America; and reliance on the Organization of American States is not only good politics, but will strengthen a force for order and stability in the Caribbean...

Author: NO WRITER ATTRIBUTED | Title: The Emperor Trujillo | 6/2/1961 | See Source »

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