Word: summits
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Dates: during 1970-1979
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Ready and willing to parade his down-home political style abroad, Carter launched his summit schedule with a trip to Newcastle-upon-Tyne, George Washington's ancestral home in northeastern England. TIME Correspondent Stanley Cloud accompanied the President on his excursion into the British byways. Cloud's report...
...rolled out a rich red carpet for him. The President stepped from his plane, carrying an efficient little briefcase instead of his usual suit bag. He stood in the nighttime chill, without an overcoat, and listened as British Prime Minister James Callaghan remarked that the task before the summit meeting was "nothing less than to overcome poverty, to get people to work and our economies in a healthier state than they...
Several weeks ago, when Callaghan visited the U.S., the President had expressed an interest in taking a side trip outside London when he came to England for the economic summit. Carter mentioned Wales, the birthplace of his favorite poet Dylan Thomas. But Callaghan, concerned about possible problems with Welsh nationalists, suggested Newcastle-upon-Tyne (pop. 295,700), a grimy coal town that is rife with unemployment as it attempts to shift to cleaner industries. Besides being the home of Washington's ancestors, Newcastle is a stronghold of the Labor Party (although the Conservatives did surprisingly well there in last...
...momentous outflows of funds to member states of the Organization of Petroleum Exporting Countries to cover fuel bills. A new index of "composite economic performance" compiled by the U.S. National Bureau of Economic Research, combining such measures as gross national income, output, sales and employment, shows that the summit seven as a group have largely regained their pre-recession heights of economic activity (see chart following page). But the progress is erratic. Except for the U.S., only Italy has surpassed its preslump industrial output-and Italy has other grave problems...
Short sketches of the situation in the six countries (excluding the U.S.) represented at the London economic summit, in rough order from strongest to weakest...