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Under President Guillermo Leon Valencia's do-nothing, three-year-old government, the cost of living has risen 60%, Colombia's chronic trade deficit has doubled, business confidence has evaporated and unemployment is soaring. Politically, the ruling Liberal-Conservative National Front is splintering, and Congress is all but immobilized. Last week, with new elections only nine months away, Valencia finally decided that something ought to be done. Invoking emergency powers, he named a new Cabinet and decreed a series of reforms to pull the economy back from the brink...

Author: /time Magazine | Title: Colombia: Permanently on the Defense | 9/17/1965 | See Source »

Owned by Houston Oilman K. D. Owen, trained by Stanley, and beaten only once in 28 starts, the chocolate-colored three-year-old colt had won more money ($280,566) than any other Hambletonian contestant in history. The only real competition was expected to come from a rawboned Canadian filly named Armbro Flight, who was riding an even longer winning streak: 22 straight, but mostly against weaker horses. Nobody, including Dancer, gave much thought to the chances of Egyptian Candor, owned by Stanley's wife Rachel, trained by Stanley and driven by Del Cameron, an old family friend. After...

Author: /time Magazine | Title: Harness Racing: Mud in Stanley's Eye | 9/10/1965 | See Source »

President Gamal Abdel Nasser has for months sought an end to the bloody, three-year-old civil war in Yemen that would not carry with it the stigma of humiliating defeat for Egypt. An expeditionary force of some 50,000 Egyptian troops was not able to do the job. Neither was a series of palavers between delegates of the unstable republican regime of Abdullah Sallal and those of the royalist tribesmen fighting to restore Yemen's deposed Imam Badr...

Author: /time Magazine | Title: Middle East: MIDDLE EAST Journey to Jedda | 8/27/1965 | See Source »

There is also the danger of accidents. A three-year-old boy, hypnotized by the bell, is apt to make a headlong dash to get in his licks. In spite of the efforts of salesmen to teach caution, in California, Good Humor has been held culpable by the courts for numerous accidents that have cost the company from $10,000 to $100,000 in damages...

Author: /time Magazine | Title: Food & Drink: Sticky Business | 8/13/1965 | See Source »

Peace hopes in Yemen never last very long. Two months ago, when moderate Republican Ahmed Mohammed Noman took over as Premier of the rugged desert land, hopes had risen that the three-year-old civil war might finally be brought to an end. Noman shoved pro-Nasser President Abdullah Sallal into the background, kicked the military fanatics out of his Cabinet and surrounded himself with civilians. Then he sat down to hammer out a preliminary formula for peace...

Author: /time Magazine | Title: Yemen: A Preference for War | 7/16/1965 | See Source »

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