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Later, Hussein admitted that the "vast umbrella" over Jordan had been entirely Israeli. Nasser, however, stuck to his story to the end, insisting that "three times as many" planes as Israel possessed had engaged the Arab forces...

Author: /time Magazine | Title: Middle East: The Quickest War | 6/16/1967 | See Source »

...will not intervene even if the North Vietnamese collapse." Just as in the case of Korea, it is easy to hope that it is impossible for China to intervene. She is preoccupied domestically, her army is poorly equipped by modern standards, she has no respectable air force or nuclear umbrella, and so on. These arguments were even more valid in 1950 than they are today. Nevertheless, China did intervene in Korea. Until recently, Washington was convinced that China would intervene if Hanoi collapsed; now Washington begins to doubt. But it is not China's policies or her national interests which...

Author: NO WRITER ATTRIBUTED | Title: Must We Fight China in Vietnam? | 6/15/1967 | See Source »

...Fair Balance." For textiles, the U.S. granted only 20% reductions, but of the 5,700 dutiable items on the nation's present tariff schedules, only 211 were excluded entirely from the negotiations (among them: petroleum, sheet glass, zinc, lead, safety pins, umbrella frames, briar pipes and baseball gloves). The Common Market kept such items as heavy commercial vehicles and computers (except for those using punch cards) out of the dickering. Jean Rey, the Belgian chief negotiator for the Common Market, called his group "extremely satisfied" with the outcome-a reaction echoed by most governments. Secretary of State Dean Rusk...

Author: /time Magazine | Title: Tariffs: The Bargain at Le Bocage | 5/26/1967 | See Source »

...list of holdings that already includes 48% of American President Lines and Garrett Corp., a manufacturer of aerospace components. Signal lost out in a bid for ailing Douglas Aircraft last winter, but the Allentown, Pa., truckmaker was only too glad to get under Signal's rich corporate umbrella. Despite record sales ($412 million in 1966), Mack has been desperately short of capital needed to expand its 20,000-a-year truck output and increase its 15% share of the heavy-duty-truck market. Signal had hardly settled the Mack merger terms, involving some $185 million in securities, when...

Author: /time Magazine | Title: Mergers: The Acquisition Front | 5/19/1967 | See Source »

...moderation and temperance. The Greeks are a volatile, hotheaded and individualistic people whose political factions fight each other with the fierce ardor of the wars of the ancient city-states. The monarchy, by raising national leadership above the slings and arrows of Greek-style politics, is a needed umbrella in whose shade Greeks of every political stripe from Trotskyites to fascists wrestle for attention and control...

Author: /time Magazine | Title: Greece: The Besieged King | 4/28/1967 | See Source »

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