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...enforce in the U.S. than in smaller, more homogeneous nations. And critics contend that such policies have never worked for long even in those countries. Yet the record is by no means barren, especially over the short run. Last year Canada's Price and Incomes Commission had to abandon its short-lived wage and price guidelines because unions would not go along. Still, the commission had considerable success in persuading companies to temper the rate of price increases and was partly responsible for lowering Canada's 1970 inflation rate to 2.3% from 4.5% the year before. Britain has also...

Author: /time Magazine | Title: Business: The Showdown Fight Over Inflation | 8/16/1971 | See Source »

...also vented his resentment of South African physicians who will not refer patients for transplants because the chance of success is so slender. He acknowledged that organ rejection by the body was still an obstacle, but argued that "because a problem is not completely solved" is no reason to abandon a procedure. Barnard compared a patient doomed to die of heart disease with a man on the scaffold, the noose already around his neck: "Now you say to him, we won't hang you. You can stand 200 yards away and we'll get a man to fire...

Author: /time Magazine | Title: Medicine: Barnard's Bullet | 8/9/1971 | See Source »

...most of the last 20 years, the U.S. has emptied its pockets abroad with the abandon of a sailor on shore leave. European bankers have grown hoarse warning that the dollar outflow and resulting drain of U.S. gold reserves could eventually wreck the purchasing power of the dollar overseas and endanger the world's monetary system. Last week a succession of dismal developments gave those warnings a new and compelling urgency...

Author: /time Magazine | Title: MONEY: The Battered Dollar | 8/9/1971 | See Source »

...book is a mosaic of fascinating vignettes, both ghastly and ridiculous. Railway workers were allowed to abandon the otherwise mandatory Heil Hitler arm salute because it was mistaken for a signal and caused accidents. Goethe's favorite oak tree near Weimar became the central point around which the Buchenwald extermination camp was built. In one village, a neighbor told a mother that the name of her missing soldier son had been read on a list of German P.O.W.s held by the Russians. Far from being grateful, the mother thereupon denounced her well-meaning informant to the authorities for listening...

Author: /time Magazine | Title: Books: Life Under the Swastika | 8/9/1971 | See Source »

...Nationalist leaders feel that all is not yet lost. Nixon's trip is still a long way off, and Washington insists that no deals have been made with Peking. In a personal letter to Chiang, Nixon reasserted that the U.S. is not going to abandon its longtime friend. That hope is not much to cling to, but it is all the Nationalist Chinese have...

Author: /time Magazine | Title: The Nation: Meanwhile, in Taiwan ... | 8/2/1971 | See Source »

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