Word: zone
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Dates: during 1960-1969
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...told Kennedy: "I believe that frankness is the only way two friendly nations can attempt to solve their problems." Friendliness he found-and frankness too. Kennedy offered to settle many of those grievances that do not affect U.S. sovereignty: more employment and higher wages for Panamanians in the Canal Zone, the right to have the Panamanian flag flown next to the U.S. flag everywhere in the Canal Zone, a U.S.-enforced system to withhold the income taxes of Panamanian and non-U.S. workers in the Canal Zone. But the concessions President Chiari had really come to bargain...
Chiari also wanted, but did not get, an increase in the $1,930,000-a-year fee the U.S. pays for the Canal Zone. The U.S. maintains that while it may be paying a low annuity, Panama benefits in other ways. Canal Zone employees and various U.S. agencies spent well over $70 million in Panama last year, $10 million more than Panama's national budget. The figure will probably rise this year. Under Panamanian pressure, Canal Zone commissaries, which have supplied most foodstuffs needed by local residents, may soon cut back...
...Zone stores are even now buying heavily from Panamanian producers...
...Soup. Most promising of the new common markets is the two-year-old Free Trade Zone of nine Latin American nations-Argentina, Brazil, Chile, Mexico, Colombia, Uruguay, Peru, Ecuador and Paraguay. Mexico's President Adolfo Lopez Mateos and Brazil's President Joao Goulart are already laying plans to freeze out all imports of autos and auto parts by arranging for each zone member to specialize in particular auto components. (In practice, U.S. and European automakers will simply make cars inside the Latin zone.) The Latin Americans have shown unexpected readiness to compromise their differences, last January agreed...
...Twilight Zone (CBS, 10-10:30 p.m.). Donald Pleasence stars as the venerable instructor at a boys' school who resists a request that he retire...