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...King would sell out to Israel by making an easy peace in order to retrieve territory he lost in the 1967 war. Hussein called another press conference to stress that the United Arab Kingdom would not be created until Israel returned to Jordan the West Bank and the Arab sector of Jerusalem. Meanwhile Israeli officials, after displaying initial public scorn for Hussein's plan, were beginning to admit that it was a basis for bargaining. At a lunch for foreign correspondents in Jerusalem, Premier Golda Meir-who at week's end temporarily canceled all appointments on doctor...

Author: /time Magazine | Title: MIDDLE EAST: Quarreling Over the West Bank | 4/3/1972 | See Source »

...Gaza Strip (pop. 360,000), an Israeli-occupied Arab area that was administered by Egypt before 1967. The two parts of the United Arab Kingdom would each elect legislative councils, which in turn would choose their own governors-general. The Palestinian capital would be in the old Arab sector of Jerusalem; foreign affairs, defense and the economy would be controlled by a national government in Amman, over which Hussein would preside. The King did not specify the timetable for this "new step toward liberation...

Author: /time Magazine | Title: MIDDLE EAST: A Bold New Plan for Peace | 3/27/1972 | See Source »

...must apportion that bill more fairly; to the extent that the taxpayers' revolt is a protest against inequity, it is only too justified. Americans, however, will have to get uised to the idea that a greater portion of the country's wealth must be devoted to the public sector if they are to enjoy clean air, safe streets and better health and education. Paying the bill cannot be made pleasant. By reflecting on the observation of Justice Oliver Wendell Holmes that taxes are the price of civilization, it can perhaps be made at least tolerable...

Author: /time Magazine | Title: MONEY: Empty Pockets on a Trillion Dollars a Year | 3/13/1972 | See Source »

FOREIGN TRADE, a weak sector in the economy last year, will turn into a plus. In 1971, the U.S. imported around $890 million more worth of goods than it exported, running its first deficit in merchandise trade since 1893. But dollar devaluation and foreign currency realignment will cut the export prices of U.S. coal, jetliners, soybeans and other products, while raising the import costs of Japanese cameras, French wines, Italian shoes and similar goods. Exports should surge ahead of imports again by anywhere from $1.5 billion to $3 billion, creating more sales for domestic companies and more jobs for workers...

Author: /time Magazine | Title: PREVIEW OF 1972: At Last, the Year of Real Recovery | 1/10/1972 | See Source »

...fact that India is not launching any major offensives in the western sector suggests that New Delhi wants to keep the war there as uncomplicated as possible. Though the two nations have tangled twice before in what is officially called the state of Jammu and Kashmir, neither country has gained any territory since the original cease fire line was drawn in 1949. There are several reasons why New Delhi is not likely to try to press now for control of the disputed area...

Author: /time Magazine | Title: The World: Bangladesh: Out of War, a Nation Is Born | 12/20/1971 | See Source »

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