Word: westerns
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Dates: during 1960-1969
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Even if talks are resumed, U.S. officials do not expect any immediate progress. For one thing, the Chinese Communists demand, as a precondition for even the smallest agreement, that the U.S. abandon the Nationalist government on Taiwan. Also, few Westerners comprehend how far Mao's China will go to protect its ideological purity. In the minds of Chinese leaders, cultural exchanges and the arrival of Western journalists would only serve to sully the haven of unadulterated Communism. In fact, the most that the U.S. could hope for in the near future would be an agreement to hold regular discussions...
...powerful but benign peacemaker. Yet there is far more to Soviet arms spending than appears in the budget. Funds for H-bombs and advanced weapons like multiple-warhead missiles are customarily tucked into budgets for "medium industry" and "scientific research." Additional allocations may well not be listed at all. Western analysts reckon that the true Soviet defense bill will come to about $60 billion in U.S. terms, or just about what the Pentagon spends now, excluding Viet Nam costs. Some speculate that, because of tension with China, the Soviets are, in fact, nudging ahead of the U.S. in defense spending...
...Soviet civilian economy has been badly shortchanged as a result of Russia's costly military intervention in Czechoslovakia and the buildup along the Chinese border. Moscow urgently needs to increase its investment in agriculture, which suffered heavily this year as severe weather snapped a string of good harvests. Western experts scoff that some of the 160 million-ton grain crop the Soviets are claiming to harvest "must still be under the snow...
...Western scientists were frankly skeptical. Russian Chemists N. Fedyakin and Boris Deryagin claimed to have produced a mysterious new substance, a form of water that was so stable it boiled only at about 1,000°F., or five times the boiling temperature of natural water. It did not evaporate. It did not freeze-though at -40°F., with little or no expansion, it hardened into a glassy substance quite unlike...
...stock market, a leading indicator that often foretells the economy's performance in months to come, shuddered through a disastrous year. The Dow-Jones industrial average dropped 19%, from a May high of 969 to a December low under 784. The conglomerates took a beating; LTV and Gulf and Western dropped more than 50% from their year's highs. Among the blue chips, strike-troubled General Electric has sunk to 79 from a historic high of 120 in 1965, California Standard to 49 from a high of 86 in 1966, Allied Chemical to 24 from 66 in 1961, Du Pont...