Word: truce
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...newly-established dialogue at Ole Miss is most encouragingly illustrated at the Law School. As only a Southerner could, Dean Morse has been able to bring a group of students and teachers with an incredibly diverse range of opinions into an uneasy truce...
Secretary of State Dean Rusk at week's end gingerly held out the possibility of a brief pax in hello-on the ground and in the air-over Christmas and, seven weeks later, during Tet, the Vietnamese New Year. Rusk pointedly withheld any promise of an extended unilateral truce. "We ought to distinguish," he added, "between what might happen at Christmas and the idea of a general pause." The Administration maintains that the bombing is essential since it ties down 100,000 North Vietnamese in repair work and disrupts the flow of men and matériel. By contrast...
Washington expects Pope Paul to plead for a Christmas truce, as he did a year ago. A group of prominent American clergymen has asked for a cessation of bombing. Harvard Professor Edwin Reischauer, former U.S. Ambassador to Japan and now head of a State Department advisory group on Asian affairs, wrote that a gradual suspension of bombing "probably would be the wise course." U Thant has repeatedly urged the U.S. to call off the raids, and the Administration is aware that most free-world governments also favor a pause...
...Truce in the Wars. Stock prices are strong because profits are surging. Standard of New Jersey, the world's largest oil company, last week reported record profits of $272 million for the third quarter, up 3% from the same period last year. Mobil, Cities Service and Standard of Ohio also set profit records. Gulf's alltime peak earnings of $122 million for the quarter were 20% higher than last year. Best gain of all the majors was registered by Atlantic-Richfield, whose nine-month profits climbed 32%, to $83 million. For 1966 as a whole, Standard & Poor...
Moreover, the companies have quietly called a truce in the profit-depleting gasoline price wars. After dipping last year, gas prices have returned to their 1964 levels. Overseas markets, long hindered by overproduction and underpricing, have also become healthier. In fast-motorizing Western Europe, gasoline sales are growing 12% a year (TIME, Sept...