Word: consenting
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...nations set up permanent headquarters for the defense of Southeast Asia, and U.S. policies were advanced with skill and success. For the affirmative decision at Bonn, the U.S. could congratulate itself on having a rocklike friend in Der Alte, Western Germany's Chancellor Konrad Adenauer. For the common consent achieved at Bangkok, the U.S. thanks the (literally) shirtsleeve diplomacy practiced by Secretary of State John Foster Dulles, who first conceived SEATO. But the basic factor underlying success in both places is confidence that the U.S. will neither encroach upon nor abandon its friends and allies...
...things," in Hamilton's phrase, Congress had no choice but to make a formal declaration of war. Abraham Lincoln, as a first-term Congressman, was among those voting to censure Polk for "unconstitutional" actions. But as President, Lincoln was to undertake drastic actions against the Confederacy without prior Congressional consent. The North never even admitted the existence of a state...
...Justice Department brought an antitrust suit against Eastman. One of the three charges was that Eastman sold through its own retail outlets in illegal competition with price-fixed Eastman film sold through independent stores. Thus, while the Justice Department ended price fixing on two Eastman products in a consent decree (TIME, Jan. 3), FTC has sanctioned Fair-Trade pricing on Eastman's 163 other products-cameras, lenses, photographic paper, projectors...
Justice's antitrust experts complained that FTC's decision violated the spirit of Eastman's consent decree, would stifle competition and lead to price fixing by manufacturers. But FTC denied it was overruling the Justice Department, noted that it had specifically exempted from its decision the two Eastman products covered by the consent decree. To many a businessman, the trustbusters' inability to agree among themselves was the best proof that the entire field of Fair-Trade pricing and enforcement needed a thorough reappraisal...
Last week in the face of a federal antitrust suit, Eastman's Board Chairman Thomas Hargrave agreed in a consent decree to drop Eastman's pay-in-advance system, which includes the cost of processing in the price of a roll of color film.-Eastman will now sell a 20-exposure roll of 35-mm. Kodachrome for about $1.85, v. the present price of $3.25 including processing. Eastman will charge $1.50 extra to develop the roll, will license independent processors on a royalty basis to use its patents. Eastman also agreed to drop fair-trade pricing...