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Returning to Santiago from a visit to neighboring Peru, Chilean Foreign Minister Gabriel Valdés hastily summoned U.S. Ambassador Edward Korry. In Lima, Valdés had held two long talks with Juan Velasco Alvarado, leader of the military junta that seized power last fall. Subject: the approaching showdown between Peru and the U.S., which neither nation really wants. Soon after his junta overthrew President Fernando Belaunde Terry in October, Velasco expropriated the U.S.-owned International Petroleum Co. As a result, the U.S., under a congressionally imposed retaliation called the Hickenlooper Amendment (TIME, Feb. 14), would have no choice...

Author: /time Magazine | Title: Peru: Talking It Over | 3/21/1969 | See Source »

...better deal from a Republican President. Cherished assumptions aside, the track records are not always so clear. Dwight Eisenhower had the most vigorous trustbusters since Teddy Roosevelt's day, and his economic advisers supported tight-money policies few businessmen favored. John Kennedy had his celebrated showdown over steel-industry price increases, but he also advocated the tax cut that gave a substantial lift to profits. Lyndon Johnson eagerly courted businessmen and had great initial success, though the relationship deteriorated. How will businessmen fare with Richard Nixon...

Author: /time Magazine | Title: Business: A TOUGH FRIEND IN THE WHITE HOUSE | 3/21/1969 | See Source »

...franc rides on the long-awaited wage negotiations between Charles de Gaulle's government and French labor unions. Last week, three days after they began, those talks collapsed in acrimony. French unions called a 24-hour general strike for early this week and set the stage for a showdown that could determine whether France can avoid devaluation-and whether the world can escape new monetary dislocations...

Author: /time Magazine | Title: Business: THE BITTER BATTLE OF THE FRANC | 3/14/1969 | See Source »

...Meir's supporters want her to take the interim premiership to head off a showdown between two younger contenders, whose rivalry might otherwise divide the government and country between now and October. They are Allon, 50, the favorite of the party establishment, and Defense Minister Moshe Dayan, 53, whose immense popularity with the grass roots is not shared by the party brass. Something of a lone wolf, Dayan is not one either to seek or accept advice, and is considered unpredictable and undisciplined by the staunch conservatives of the Labor Party machine. A pragmatist who operates largely on intuition...

Author: /time Magazine | Title: World: NEW CHOICES IN THE MIDDLE EAST | 3/7/1969 | See Source »

Harvard's varsity wrestling team, building toward a showdown with Princeton for second place in the Ivy League next week, should have little trouble clearing the final hurdle with a victory over a weak Yale squad at 3 p.m. today in New Haven...

Author: NO WRITER ATTRIBUTED | Title: Wrestlers Need Yale Win To Contend For 2nd Place | 3/1/1969 | See Source »

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