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...that is certain to intensify with the launching of Peking's first satellite (see story, page 47). At home and abroad, the Russian military has become an increasingly important factor. In foreign policy, the Soviets are relying ever more on military presence and displays of armed might to tighten their control over East Europe or to influence uncommitted countries farther afield. Within Russia, the military's immense influence has been greatly enhanced by the threat of war with China and the Czechoslovak invasion. The importance of the military was only underscored when Communist Party Boss Leonid Brezhnev flew...

Author: /time Magazine | Title: World: Moscow's Military Machine: The Best of Everything | 5/4/1970 | See Source »

Fate has been less than kind to some of Switzerland's cherished enterprises. Foreigners are slicing into the Swiss cheese business with their own ersatz varieties; spies who used to patronize hotels in Geneva and Zurich have decamped to Vienna and Berlin; the U.S. Government is threatening to tighten up on Americans' use of secret Swiss bank accounts. Worst of all, the Swiss watch industry, for 300 years a source of national pride and world prominence, is facing an upsurge of international competition...

Author: /time Magazine | Title: Switzerland: Nervous Ticks | 4/20/1970 | See Source »

Last week Assistant Treasury Secretary Eugene T. Rossides gave the Nixon Administration's belated blessing to the means of crackdown proposed by Representative Wright Patman, in a bill designed to tighten the rules on foreign financial transactions. The measure, in its probable final form, will require U.S. banks to keep records of foreign transactions by their customers and to report unusually large withdrawals. Individuals will have to report all transfers of money exceeding $5,000 in or out of the country and open their own records of foreign bank accounts to Government inspection upon request...

Author: /time Magazine | Title: Business: The Scandal of Secret Swiss Bank Accounts | 3/16/1970 | See Source »

...critics believe he will not move in that direction as long as he can count on U.S. support. Besides, there is doubt that many opposition politicians would be willing to join Thieu's regime. Nonetheless, Thieu has made major efforts in his two years in office to tighten up his administration. He has either fired or reassigned every one of his nation's 44 provincial chiefs in an effort to sideline the incompetent or dishonest. While his motive is also to entrench his own men in these vital posts, observers agree that the caliber of his appointees...

Author: /time Magazine | Title: World: Vietnamization: Policy Under Fire | 2/9/1970 | See Source »

...drug authorities have tried for years to get France and Turkey to tighten restrictions on "H," but without much success. Last week the White House announced that President Nixon, concerned by estimates that 180,000 Americans are now addicted to heroin, has made the problem a matter of high-level diplomacy. International heroin control, as one Administration official put it, "is now a foreign policy objective of the United States...

Author: /time Magazine | Title: Drugs: Heroin Diplomacy | 1/19/1970 | See Source »

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