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Private capital cannot, of course, supplant the $2.1 billion of foreign aid that goes for military purposes. Nor can it be expected to undertake agricultural reform and flood-control projects now financed by the Government. But it could replace some of the most controversial part of the foreign-aid program - the 15%-20% devoted to outright economic aid. Private dollars are far more effective than Government grants or loans because they act faster and more directly to stimulate local economies and generate new capital. Businessmen estimate that $1 in private capital does as much work as $3 in Government...

Author: /time Magazine | Title: The Best Way To Cut U.S. Foreign Aid | 5/6/1957 | See Source »

...moment, Britain will rely on its V-medium bombers as the vehicle for delivery of the nuclear weapons. U.S. missiles, as they become available, will supplant the bombers, enabling the British to devote all their efforts to developing a "second generation" of missiles. In the expectation that these will make all bombers obsolete, work will be halted on a supersonic bomber. Fighter aircraft are also doomed; a few will be maintained to defend the bomber bases, but will be replaced "in due course" by a ground-to-air guided-missile system...

Author: /time Magazine | Title: GREAT BRITAIN: Entering the Missile Age | 4/15/1957 | See Source »

...Khrushchev's posthumous "rehabilitation" of Bela Kun and Rajk. Students and intellectuals openly demanded "an end to this present regime of gendarmes and bureaucrats." The Russians sent First Deputy Premier Mikoyan down to Budapest to suggest that Rakosi take a health cure in Russia. The Russian solution: to supplant one gendarme bureaucrat by another. Old-Line Stalinist Erno Gero, the ruthless agent "Pedro" of the Spanish civil war (TIME, July 30), was pushed into the Hungarian leadership in July of this year, and told to clear his "liberalization" plans with Tito...

Author: /time Magazine | Title: Foreign News: TWO COMMUNIST FACES | 11/5/1956 | See Source »

Kirk is no reactionary, is in fact considerably more liberal than many self-proclaimed liberals. But he is rightly impatient with those intellectuals who assume "that we were all born yesterday, and that a vulgar pragmatism ought to supplant the bank and capital of traditional wisdom." Like most honest thinkers, he values the best of man's past and rebels against the notion "that the end of man is gratification of carnal appetite." He is convinced that the "social order now exhibits the symptoms of advanced decay" and is moving into "an Age of Gluttony." Who is to check...

Author: /time Magazine | Title: Books: Conservatism Revisited | 8/13/1956 | See Source »

When this corruption from within the local church has been completed, the Communists move into the second phase to damp down the religious zeal so that gradually the Marxian "economic man" will supplant the Christian...

Author: /time Magazine | Title: Religion: The Red Book | 6/18/1956 | See Source »

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