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...INDIA. One of the largest recipients of U.S. help ($5.2 billion in economic funds, plus a secret amount in military aid), India is so big that U.S. aid is none too obvious. But the community farm projects, new schools, roads and modern agricultural methods all owe some small debt...

Author: /time Magazine | Title: Essay: Foreign Aid's Wry Success | 9/3/1965 | See Source »

...means that any further U.N. peace-keeping operations will depend on either voluntary contributions or the U.N. budget. But most of them have been financed by these methods anyway−Korea and Cyprus by donations, Kashmir and Palestine by the U.N. treasury. The Russians, who, according to U.S. figures, owe $62 million in back assessments, have hinted that they would make a voluntary contribution to the deficit-troubled U.N. budget−provided, of course, that no one says they have to do it under Article...

Author: /time Magazine | Title: United Nations: Back in Business | 8/27/1965 | See Source »

...freshmen have followed that advice-and, with the exception of seven Southern Congressmen who owe their allegiance elsewhere, their fidelity to the programs of their party leader, Lyndon Johnson, has established them as just about the solidest voting bloc in Congress. The 58 non-Southern-bloc freshman Democrats differ greatly. Oklahoma's Jed Johnson is 25, while Iowa's John Hansen is the oldest at 63. Wisconsin's John Race is a machinist and New York's James Hanley is a mortician. California's John V. Tunney, son of the ex-heavyweight boxing champion...

Author: /time Magazine | Title: The Congress: The Freshman Class That Votes Like a Bloc | 7/30/1965 | See Source »

Though the Tories may not need Sir Alec now, they owe the former 14th Earl of Home, who gave up his title to become Prime Minister when Harold Macmillan stepped down, a large debt. The gaunt, gracious aristocrat was hardly a public figure when he moved from the foreign secretaryship to No. 10 Downing Street. He inherited a party embarrassed by the Profumo-Keeler scandal and racked by dissension over his own selection. After nearly 13 years in power, the Tories were visibly tired and the public seemed overwhelmingly ready for a switch to Labor. Sir Alec managed to rally...

Author: /time Magazine | Title: Great Britain: Last of the Amateurs | 7/30/1965 | See Source »

...tribute to her husband on the occasion of his exit from Government service wittily expressed a major fact of life: the U.S. citizen as well as the U.S. Government is deeply in debt-and not only deeply but permanently. Increasingly, tycoons measure their millions as much by what they owe as by what they own. The federal budget shows a deficit of $3.8 billion for fiscal 1965, and Congress has just raised the debt ceiling from $324 to $328 billion. Personal debt, rising faster than the Government's, is above $264 billion; this year it will climb another...

Author: /time Magazine | Title: Essay: THE PLEASURES & PITFALLS OF BEING IN DEBT | 7/2/1965 | See Source »

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