Though peace is the traditional hope of the New Year, prospects for 1975 are not encouraging. Across four continents there are battlefields on which blood is being shed because of rebel movements, border disputes, terrorist action and full-scale national conflicts. The new year is likely to be bloodier than the old. Among the most serious trouble spots:
> The Middle East is "a time bomb that unless defused, would explode," recently warned Egyptian President Anwar Sadat. That explosion could take the form of a war of attrition or burst into a full-scale...
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