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...diminishing role for the U.S. in Asia would place more responsibility on the region's wealthiest nation, Japan. Although an American withdrawal from the war does not mean that the U.S. would cease to be a Pacific power, Japan would inevitably have to make more of an effort for its own security and self-defense. Premier Eisaku Sato has acknowledged that Japan must pay more attention to its own military responsibilities after it regains sovereignty over Okinawa, thereby expanding its frontier 400 miles southward to embrace 1,000,000 more citizens. "Regarding the problem of Asian security," said Sato...

Author: /time Magazine | Title: Nation: WHAT WITHDRAWAL WOULD REALLY MEAN | 10/24/1969 | See Source »

...appearance. The Turks ruled Libya from the mid-16th century until 1912, when Italy gained the upper hand. The British administered the country from the end of World War II until independence in 1951. Once one of the poorest of Arab lands, Libya has become one of the wealthiest since vast reserves of oil were discovered a decade ago. In 1960, Libya's exports consisted of such commodities as esparto grass, olive oil, sponges and camels, and amounted to a paltry $8,500,000. Last year the figure rose to more than $1 billion, 99% of it from...

Author: /time Magazine | Title: World: TEXTBOOK COUP IN A DESERT KINGDOM | 9/12/1969 | See Source »

...delicate ways in which money and muscle affect politics. Eddie West, the son of an Irish immigrant, brings about Prohibition singlehanded. His reason for doing so is that Prohibition will provide business opportunities. This is instantly understood by "the 18 greediest, the seven most hypocritical and the five wealthiest families in the country." to whom he goes for financing. It is also understood by an elderly and dignified Sicilian, who agrees that his society, the Mafia, will handle distribution of the alcohol that West's combine will buy up before the country goes...

Author: /time Magazine | Title: Books: Fish Cake with Mustache | 9/5/1969 | See Source »

...Costas Lemos, 60, is by far the wealthiest of all Greek shipowners. His net worth: about $750 million. At the end of World War II, he owned a shipping line, but no ships at all. The war had destroyed 70% of the Greek merchant fleet, including the three Lemos vessels. To replace them, Lemos bought three U.S. Liberty ships at cut-rate prices. Like many other Greeks, he has devised quite a few new methods and designs, including a combination liquid-dry cargo ship that can haul a load of oil on an outbound voyage and return with a cargo...

Author: /time Magazine | Title: Shipping: The Other Greeks | 8/15/1969 | See Source »

...less well-off pay a few shillings a year, while Millionaire Leonard Mat-chan, the wealthiest Sarkee, forks over only about ?125 annually. In return, residents are guaranteed serenity: Sark has no cars, no newspapers, no police save for two honorary constables, and no hospital. In recent years, however, Dame Sibyl's subjects have been asserting an unwonted degree of independence...

Author: /time Magazine | Title: Channel Islands: Nothing Like a Dame | 8/8/1969 | See Source »

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