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...National Press Club, Envoy Stevenson presented the plight of Latin America's single-product nations, vulnerable to commodity price wobbles, by emphasizing the situation of the 14 countries whose economies depend primarily on coffee. "The change in the price of coffee by half a cent per pound can wipe out all of the economic assistance that we could hope to give them for a long time," Stevenson said. Almost as he was talking, U.S. Assistant Secretary of State Werner Blumenthal announced at a coffee meeting in Rio that the U.S. was "actively considering" direct participation in coffee-price propping...

Author: /time Magazine | Title: The Americas: The Long Way Around | 7/7/1961 | See Source »

Such a victory was certainly not possible in Algeria, where 500,000 French soldiers have spent more than six years fruitlessly chasing handfuls of F.L.N. guerrillas over mountains and through deserts. To many observers, it seemed clear Challe planned to launch an invasion of Tunisia and wipe out the so-far-untouched F.L.N. bases where an estimated 20,000 rebels rest, train and refit for battle inside Algeria. In short, Challe saw himself doing the dirty work for De Gaulle and then handing over to him a fait accompli that De Gaulle could not easily refuse...

Author: /time Magazine | Title: World: France: Sense of Disarray | 6/9/1961 | See Source »

...illiterates who have never heard of Marx, much less George Meany. I.C.F.T.U. makes a point that colonial officials cannot: that the time and money of union leaders in African lands are far better spent in free bargaining with employers to raise wages than in bitter anticapitalist, antiwhite efforts to wipe the employers out. The very presence in Africa of I.C.F.T.U.'s men as advocates of the employee underdog often strengthens the point that not all Westerners are ''colonialist imperialists...

Author: /time Magazine | Title: Africa: He Who Controls Labor | 6/9/1961 | See Source »

...generals took over in South Korea last week, proclaiming their desire to wipe out corruption, inefficiency and Communism. The U.S., which had trained the crack Korean army and hand-picked its leaders, was surprised by the coup and bewildered in its response...

Author: /time Magazine | Title: South Korea: The Army Takes Over | 5/26/1961 | See Source »

...what risk all this? Well, admits Ramo: "Occasionally, a transistor burning out in Kansas City may accidentally wipe out the fortune of someone in Philadelphia...

Author: /time Magazine | Title: Business: Goodbye to Money | 5/12/1961 | See Source »

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