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...Korea last week, Army Secretary Robert Stevens jarred the post-truce hopes of a million potential draftees back home by announcing that the U.S. would maintain its present strength in Korea for at least "several years." In Washington, the Defense Department was more specific: the monthly quota of 23,000 draftees will probably be maintained through 1953. Then, barring drastic international crisis, draft quotas will drop to 19,000 per month during the first half of 1954. But beginning in July 1954, the number will jump to 45,000 a month. Reasons: 1) since the big buildup...

Author: /time Magazine | Title: ARMED FORCES: Draft as Usual | 8/24/1953 | See Source »

Biggest to fall was Foreign Minister Pak Hong Wong, a Vice Premier, who has already been replaced by a face familiar to Westerners: taciturn General Nam II, the ex-schoolteacher turned military dandy, who was the Reds' chief truce negotiator. The Communist radio last week accused ex-Foreign Minister Pak of complicity in the plot. Pak, party member since 1920, onetime party secretary and onetime student at Moscow's Lenin University, was not among those tried. His time may come later...

Author: /time Magazine | Title: NORTH KOREA: Purge North of the 38th | 8/17/1953 | See Source »

During the long months of truce talks at Panmunjom, the closest links between U.S. prisoners of war and their families back home were pictures taken in Korean prison camps by Associated Press's Pulitzer Prizewinning* Photographer Frank Noel. It was a strange sort of beat. Noel, himself a P.W. since his 1950 capture while covering the Marines at Chosin Reservoir, used a Speed Graphic and films forwarded by A.P. through the Panmunjom camp. Censored by both Chinese and U.S. military, his pictures of beaming C.I.s seemed at once good propaganda to the Communists and good news...

Author: /time Magazine | Title: The Press: Two Came Home | 8/17/1953 | See Source »

ALTHOUGH a truce has been announced in New England's pipeline battle between Northeastern and Algonquin Gas, Northeastern's boss, H. Gardiner Symonds, may upset it. Symonds had agreed to let Algonquin, stopped by a court injunction, share half the New England market; in return he expected the Federal Power Commission to give him access to Canada at the same time. But the FPC refused, and Symonds is now in no mood to carry out the original agreement until his Canadian market is guaranteed...

Author: /time Magazine | Title: Time Clock, Aug. 17, 1953 | 8/17/1953 | See Source »

...commodity prices shot up faster than those of such critical metals as tin, chromium and copper. In the shake-out that started in commodities almost a year ago (TIME, Oct. 20), the overpriced metals began losing some of their altitude. Last week, in the wake of the Korean truce, they were dropping again. Lead and zinc were selling near their June 1950 levels; tin had fallen 35.8% below its February high of $1.21½ a Ib.; chromite ore was down 42.6% to $56 a ton and still falling...

Author: /time Magazine | Title: Business: More Deflation | 8/17/1953 | See Source »

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