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Less Clout. In threatening to divert Government orders from steelmakers adopting across-the-board price increases, President Johnson was brandishing one of the weapons that John F. Kennedy used in his 1962 price showdown with U.S. Steel.* While Government purchases account for about 8% of the steel industry's total output, it is questionable to what extent Government contractors can be forced to switch suppliers. Kennedy succeeded in beating back U.S. Steel's price hikes by persuading Inland Steel Co. to hold the line, but L.B.J.'s lame-duck status leaves him with far less clout than...

Author: /time Magazine | Title: Business: ONE MAN'S PRICE IS ANOTHER'S INFLATION | 8/9/1968 | See Source »

...foreign policy. At midweek, he flew off to Honolulu to discuss the problem that one of the presidential candidates will undoubtedly find uppermost in his mind the day after inauguration-Viet Nam. Even as Johnson was conferring with South Viet Nam's President Nguyen Van Thieu, the showdown over Czechoslovakia brought a sobering reminder that, for the U.S. and the U.S.S.R. alike, Europe remains a potentially dangerous arena. It was also a reminder that despite the relatively restrained policies of Russia's present leaders, a serious drive for freedom inside Communist countries remains a nearly intolerable irritant...

Author: /time Magazine | Title: Nation: EAST AND WEST: THE TROUBLING AMBIGUITIES | 7/26/1968 | See Source »

Those qualities saw Czechoslovakia through an extraordinary week of showdown with the Soviet Union. With mounting pressures, including a virtual ultimatum to the Czechoslovak nation, Russia did everything that it could, short of sending tanks to halt and reverse the reform program led by Party Boss Alexander Dubček. At week's end, armed intervention was still a possibility. But under Dubček's shrewd direction, little Czechoslovakia stood up and talked back, reaffirming its commitment to a new form of democracy-cum-socialism and defiantly refusing to retreat. If Czechoslovakia gets away with it, Communism...

Author: /time Magazine | Title: World: SHOWDOWN IN EASTERN EUROPE | 7/26/1968 | See Source »

Since white Rhodesians have fervent allies in many right-wing Tories, and their sympathizers are dotted across the political spectrum, Conservative Leader Edward Heath thought the issue ripe for a showdown. His logic: if the Lords voted the government down overwhelmingly, Labor might well demand abolition of the upper house, which he believed it would not dare do without calling a general election. Since the government has lost all but one of the last nine by elections for the House of Commons-an Evening Standard poll last week showed the Tories running 16% ahead of Labor-a general election...

Author: /time Magazine | Title: Britain: Thorns in the Woolsack | 6/28/1968 | See Source »

...Vice President alongside his rival, President Nguyen Van Thieu. Liked by American officials in Viet Nam, who admired his charm, his boundless energy and his decisiveness, Ky retained powerful friends in the Vietnamese armed forces-an entourage rated strong enough to overthrow Thieu if it ever came to a showdown. But with Tet and the harrowing onslaught against the Saigon government, the U.S., for the sake of preserving unity in the crisis, could no longer afford to balance between Thieu and Ky. Washington threw its support squarely behind Thieu, and Ky felt left...

Author: /time Magazine | Title: South Viet Nam: The Creation of Uncle Nguyen | 6/21/1968 | See Source »

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