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President Kennedy may come to see that confidence is the most valuable boon a President can confer upon the economy-far more valuable than the best-intentioned tinkerings. Failure to provide it could sabotage his economic programs, torpedo his campaign promise to "get this country moving again." And as a man who likes to read history books, Kennedy can hardly help recalling 1929 and its aftermath. The smashup of 1929, leading to the Great Depression, crushingly ended the rarely interrupted Republican dominance that began with Abraham Lincoln. For a proud Democratic President, it would be hard to imagine a fate...

Author: /time Magazine | Title: The Economy: The Day of the Bear | 6/8/1962 | See Source »

...Powers case was a milestone in the cold war. Nikita Khrushchev seized upon the downing of the U-2 pilot to torpedo...

Author: /time Magazine | Title: Cold War: Abel for Powers | 2/16/1962 | See Source »

...moonlit night last week, three blips flashed on the radar screen of a Dutch Neptune patrol bomber some 60 miles southwest of New Guinea. They turned out to be three Indonesian torpedo boats racing at flank speed (40 knots) toward the Dutch New Guinea coast. Just over two hours later, after alerting two 2,000-ton Dutch frigates in the area, the Neptune dropped flares over the torpedo boats and was greeted with a salvo of antiaircraft fire. The Dutch ships' radar-locked 5-in. guns replied, sinking one of the Indonesian craft and forcing the others to flee...

Author: /time Magazine | Title: New Guinea: Setback for Sukarno | 1/26/1962 | See Source »

...guard the Baltic approaches. Diesel-powered and snorkel-equipped, the U-1 can run submerged for prolonged periods; its teardrop shape gives it an underwater speed equal to the fastest World War II submarines. Carrying a crew of 20, the U-1 is 145 ft. long, has eight torpedo tubes and a maximum permissible displacement of 350 tons (nonnuclear U.S. subs displace 1,750 tons). Although West Germany is now an ally, the NATO powers still recall that Hitler's submarine fleet nearly won him World War II by sinking 23 million tons of Allied shipping; NATO restricts...

Author: /time Magazine | Title: West Germany: Up Periscope | 11/3/1961 | See Source »

...believed to be joining the Soviet fleet, but the long-dreaded day of reckoning is still somewhere in the future. During the last decade, A.S.W. (antisubmarine warfare) has taken giant strides. Killing systems no longer rely on shortrange, slow-acting depth charges. Today the standard sub killer is the torpedo, lugged to the vicinity of its prey by an airplane, helicopter, rocket or another submarine. Once in the water it does not need to be aimed; it "homes" on its victim, following its evasive twisting far into the depths...

Author: /time Magazine | Title: Science: New A.S.W. | 6/30/1961 | See Source »

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