In the Caucasus, the United States and Russia are vying for control of the region. The great oil game is in full swing. Whoever controls the Caucasus and its roads, also controls the transport of oil that comes from the Caspian Sea.
January 16, 1975 - this day in history. Recession getting worse. GNP drops 9.1%, worst since 1958. Inflation rose 13%, worst since 1947. Calls for Gas Rationing. Soviet Union says detente not dead, just wounded. CIA Hearings continue. Ford Auto to offer rebates on new cars. Israel/Lebanon border skirmishes. Middle East Peace feelers continue. News Analyst Eric Sevareid on world reaction to Economy.
News of the day for August 3, 1948 - The Cold War and the Berlin Airlift. Rumors of Stalin being in charge. Red Scare in U.S. government with Whittaker Chambers Hearings going on. Despite Cold War stance, still active trade between Soviet Union and U.S. and the Olympics continue in London with new records being set almost daily.
An address at The National Press Club Luncheon by West German Chancellor Konrad Adenauer during a visit to the United States on November 5, 1961
On this day in 1959 Soviet Premier Nikita Khrushchev was visiting the United States and holding talks with Pres. Eisenhower.